What You Should Know: 

– SubjectWell, a patient access marketplace connecting individuals with chronic health conditions to healthcare options, has acquired PatientCentra, a company specializing in global patient recruitment and personalized recruitment journeys. Financial details of the acquisition were not disclosed. 

– This strategic acquisition enhances SubjectWell’s capacity to serve patient recruitment needs for international clinical studies and further extends its capabilities to recruit for rare diseases and oncology-related research.

– The combined capabilities of SubjectWell and PatientCentra enable customers to rely on a single company for end-to-end, global patient recruitment support for a range of studies, including vaccine trials, chronic conditions, rare diseases, and oncology research. 

PatientCentra Background

PatientCentra, located in Waltham, MA, offers full-service, global patient recruitment capabilities and an in-house agency for developing tailored, patient-centric recruitment journeys. PatientCentra brings 15 years of experience in delivering digitally enabled patient recruitment programs on five continents, adding to SubjectWell’s strengths in North America.

What You Should Know: 

– Hospitals’ financial performance declined slightly in September compared to the previous month, according to the latest National Hospital Flash Report from Kaufman Hall. Across the board, there was a decrease in patient volume during this period compared to 2022. 

– The latest Physician Flash Report reveals the need for organizations to be more strategic about how they utilize and retain providers and support staff.  Physicians are operating at record-high levels of productivity compared to recent years; however, physicians are receiving less pay per unit of work, indicating a discrepancy in compensation for their increased productivity.

Challenges for Hospitals

– Labor Costs Challenge: While overall expenses may be softening as volume decreases, labor costs remain a significant challenge for hospitals and health systems.

– Support Staff Ratio: The ratio of support staff to providers has decreased as healthcare teams strive to keep up with increased productivity.

– Strategic Staffing and Retention: Organizations are advised to examine their staffing mix and be strategic about deploying support staff to support their most productive providers. In a competitive labor market, retaining support staff is important, and this can be achieved by establishing career paths and advancement opportunities.

Report Data Backround/Methodology

The reports draw on data from Syntellis Performance Solutions, which is based on information from over 1,300 hospitals and more than 200,000 providers. The methodology of the Physician Flash Report has been updated to allow for better comparison against benchmarks. The change involves using rolling 12-month figures instead of annualized quarterly figures, and expressing differences in metrics as the median change rather than the change in median.

What You Should Know: 

– Covera Health, an AI-enabled diagnostic technology company, has announced securing up to $50M in additional Series C funding. This substantial funding aims to support their mission of reshaping the role of radiology on a national scale.

– The company’s platform employs advanced data analytics and AI to enhance the quality and efficiency of radiology services. Their innovative approach focuses on improving radiology outcomes while reducing costs and unnecessary imaging tests.

CoRead Acquisition

The company also finalized the acquisition of CoRead, a leading AI quality assurance company currently being used by more than 2,000 hospital sites nationwide. CoRead stands at the forefront of generative AI focused on performance improvement in radiology, and its capabilities will be integrated into Covera Health’s existing best-in-class quality platform. , Lawrence Ngo, former CEO of CoRead, will join Covera Health as Senior Vice President, Quality Assurance Platform, reporting to President Aaron Friedkin.

Covera Health Background

Covera Health collaborates with radiologists, payers, and providers to create a network of high-performing radiology centers. By using data-driven insights, they help guide patients to the most suitable and effective imaging facilities, thereby improving patient care and cost-effectiveness.

Covera Health’s innovative approach not only improves radiology outcomes but also aims to reduce costs and unnecessary imaging tests. By ensuring patients receive the right tests at the right facilities, they contribute to better healthcare outcomes and cost-effectiveness. 

National Impact

This funding round signifies a significant step in Covera Health’s journey to transform radiology services across the country, ultimately leading to better healthcare outcomes and a more efficient healthcare system.

What You Should Know:

– A new survey conducted by AHIMA reveals that 66% of health information (HI) professionals have experienced ongoing staffing shortages in their workplaces over the past two years. These shortages were notably prevalent in areas such as data quality, consumer health information, revenue cycle management, privacy, risk, and compliance, and data analytics.

– The report, “Health Information Workforce: Survey Results on Workforce Challenges and the Role of Emerging Technologies” also finds that despite workforce shortages, HI professionals see promise in artificial intelligence (AI) and machine learning (ML) technologies for alleviating some of the workforce burdens. However, this increased reliance on AI and ML also calls for upskilling within the profession.

Impact of Health Information Professionals Shortage

83% of respondents have witnessed an increase or persistence in unfilled HI positions within their organizations over the past year, indicating a pressing need for targeted interventions. The shortages in the HI profession have had far-reaching consequences, including reduced reimbursement, increased claims denials, lower patient data quality, and slower information releases. These issues have had a direct impact on healthcare quality and align with broader workforce trends in the healthcare sector.

The Promise of AI/ML Adoption

The survey indicated that 45% of respondents have adopted AI and ML in their departments, but this adoption comes with challenges, such as increased technical demands and the need for enhanced oversight. As a result, 75% of respondents consider upskilling the HI workforce as essential given the growing adoption of AI and ML tools.

Why It Matters

These findings from the survey are crucial in shaping the future management of patient health data and determining the necessary workforce to navigate emerging technologies. The Biden-Harris Administration and the US Congress are actively exploring the implications of AI and emerging technologies on the US workforce, and AHIMA intends to use these survey findings and recommendations to prepare the HI workforce through policy discussions, research, education, and training to ensure the secure management of patient health data.

Report Background/Methodology

AHIMA commissioned NORC at the University of Chicago to conduct the survey to examine the workforce challenges impacting HI professionals and assess the role of emerging and evolving technologies, such as AI and ML, in reshaping the HI workforce. AHIMA will use this information to improve data quality, increase productivity, and reduce administrative burden. With insights from 2,500 respondents, including AHIMA members and non-members, drawn from a vast pool of 35,000 in August 2023, the study spotlights the urgent need for action.

What You Should Know: 

– Emory Healthcare, a comprehensive academic health system in Georgia, is collaborating with healthcare technology pioneer DrFirst to help patients access and adhere to affordable, appropriate prescription medications for their health conditions and ailments. 

– As part of the collaboration, Emory Healthcare will leverage three medication management services offered within Fuzion by DrFirst, a software platform that uses clinical-grade artificial intelligence (AI) to streamline clinical workflows to boost workflow efficiency and medication adherence.

Assist Patients with Medication Adherence and Affordability

Research shows that medication adherence is a primary determinant of success in patient outcomes, while non-adherence can lead to a worsening of diseases and disorders, increased healthcare costs and even death. Key benefits of the collaboration include: 

• Medication history with clinical-grade AI provides the most comprehensive information available and eliminates the need for manual data entry in workflows. This means patients will have less chance of adverse drug events, clinicians will have more complete data at the point of care, and pharmacists will save time on medication reconciliation, which is the process of making sure the list of medications for a patient matches what the patient is actually taking.

• Prescription price transparency allows providers to know patients’ pharmacy benefits, including their out-of-pocket costs, before they leave the doctor’s office or hospital. Knowing these costs up front, with options to switch to an affordable therapeutic equivalent if too costly, saves time and money for patients. This increases medication adherence and means patients are less likely to abandon high-cost prescriptions at the pharmacy.

• Coming soon: Automated messaging will alert patients when their clinician sends an electronic prescription to their pharmacy. The HIPAA-compliant functionality will allow patients to review their prescription and pharmacy information, as well as get relevant educational information and financial savings for their medication.

Patients will automatically benefit from the prescription messaging when they opt-in for communications from Emory. Additionally, patients can choose to opt-out of receiving text messaging alerts.

“The collaboration with DrFirst will put patients first in enhancing medication prescribing and management, from an encounter with the clinician to picking up the prescription at the pharmacy,” says Alistair Erskine, MD, chief information and digital officer for Emory Healthcare. “These clinical solutions will assist our providers with their decisions in providing a higher level of care for our patients.”

What You Should Know: 

– IKS Health, the premier global solution that revitalizes the clinician-patient relationship acquires AQuity Solutions, a tech-enabled clinical documentation, medical coding, and revenue integrity solutions for healthcare, as a wholly-owned subsidiary for $200M.

– The combined company, which will operate as IKS Health, will have annual revenues of $330+ million, as well as a global workforce of over 14,000 employees serving over 150,000 clinicians in many of the largest hospitals, health systems, and specialty groups in the United States.

Acquisition Advances IKS Health’s Care Enablement Platform

IKS Health’s market leadership in the ambulatory market will be coupled with AQuity’s market leadership in the acute care market to create an entity that enables Clinicians and their Enterprises to deliver better, safer, more efficient care across the continuum of care delivery. This acquisition advances IKS Health’s Care Enablement Platform, consisting of technology and service offerings that span Revenue Optimization, Clinical Support, Value-based care, and Digital Health solutions. Specifically, AQuity’s rich datasets enable IKS to rapidly mature and scale its proprietary AI solutions with critical expertise and guidance from Reinforced Learning Through Human Feedback (RLHF). 

By alleviating these administrative, clinical, and financial burdens, IKS empowers clinicians to focus on their core purpose: delivering exceptional care. As margin pressures increase, IKS also helps healthcare enterprises meet the moment with advanced, proactive solutions that reduce costs and increase top line growth. IKS’s ability to enable financially sustainable healthcare enterprises is critical in the current environment of resource scarcity.

“Healthcare is in crisis, one that is deepening from all sides. Financial instability, large-scale staffing challenges, and the precarious health status of so many Americans all call for deeper, more comprehensive solutions that address these root issues,” said Sachin K. Gupta, Founder and CEO of IKS Health. “Delivering better, safer care is everyone’s top priority—but too often, the ‘chores’ of healthcare get in the way of that core purpose. To help turn the tide amidst this state of crisis, we firmly believe that revitalizing the clinician-patient relationship and helping our partners thrive financially are both fundamental.”

What You Shoud Know: 

– Medicaid prospective payment rate for Michigan’s federally qualified health centers (FQHCs) has not kept pace with the actual costs incurred to provide healthcare, resulting in a substantial reimbursement gap of $97.95 or 36.6% on every Medicaid patient visit, according to a new report released by The Michigan Primary Care Association (MPCA). 

– The report, conducted by Health Management Associates, underscores the financial challenges faced by Michigan’s FQHCs due to inadequate reimbursement rates, rising costs, and the need for more accurate inflation adjustments in the reimbursement methodology. The report suggests that using the Medicare Economic Index (MEI) for annual inflation adjustments may not accurately reflect the cost growth in FQHC services.

Access to care at risk without a Medicaid reimbursement adjustment

As a result of the pandemic, like many other healthcare organizations, FQHCs also saw an increase in practitioner and staffing costs which grew over $70M annually from 2020 to 2023, a 19% increase on average with some roles like nurses and mental health providers topping 25% increases. If no action is taken to adjust the Medicaid reimbursement rate, health centers are projecting losses in 2023 and 2024 that range from $200,000 to over $1.5M annually per center, and 54% of health centers will be forced to reduce staffing, impacting their ability to maintain healthcare services their patients currently rely on. Additionally, 21% of health centers will have to discontinue entire service lines, like obstetrics or dental care, and 17% will be forced to close one or more locations.

Without addressing the reimbursement gap identified by this report, some of Michigan’s most vulnerable populations stand to lose access to important primary, preventive, and integrated care. Michigan’s FQHCs include 40 community health centers that provide primary and preventive care services to 1 in 15 Michiganders annually, tailored to fit the unique needs of the communities they serve. Michigan health centers provide essential health care services regardless of patients’ ability to pay and charge for services on a sliding fee scale.

Increasing Costs to Deliver Care

Over the four-year period examined in the report from 2017 to 2021, the total costs to FQHCs to deliver care increased significantly, with direct care costs increasing by 13.6% and indirect costs rising by 26.2%. Direct care costs account for salaries and related costs for healthcare providers and pharmacy costs, while indirect care costs include salaries and related costs for support staff members, employee benefits, medical supplies, facility and equipment costs, transportation, and administrative services.

Community health centers are patient-centered local healthcare organizations that provide care to people who live in underserved areas and areas with shortages in health professionals. The majority of the people served by Michigan FQHCs are uninsured or publicly insured, with 65% covered by Medicaid or Medicare, and 14% uninsured. In 2020, Michigan health centers served more than 648,000 residents living in poverty, 230,135 children, 15,512 veterans, and 39,092 homeless.

“The patients that we see in our center every day rely on us to provide essential health care services, no matter what their financial situation is,” said Dr. Brenda Coughlin, President and CEO of Great Lakes Bay Health Centers. “We, along with every health center across the state, need more resources in order to continue to provide a safety net for our most vulnerable patients who don’t have anywhere else to seek care.”

What You Should Know: 

– The U.S. Department of Health and Human Services (HHS) released a proposed rule for public comment that would establish disincentives for healthcare providers found by the HHS Office of Inspector General (OIG) to have committed information blocking – when a provider knowingly and unreasonably interferes with the access, exchange, or use of electronic health information except as required by law or covered by a regulatory exception. 

– The proposed rule released today complements OIG’s rule that established information-blocking penalties for the other actors identified by Congress (health information technology (IT) developers of certified health IT or other entities offering certified health IT, health information exchanges, and health information networks). 

Proposed Disincentives for ProvidersThat Have Committed Information Blocking 

HHS proposes to establish the following disincentives for healthcare providers that have been determined by OIG to have committed information blocking and for which OIG refers its determination to the Centers for Medicare & Medicaid Services (CMS): 

• Under the Medicare Promoting Interoperability Program, an eligible hospital or critical access hospital (CAH) would not be a meaningful electronic health record (EHR) user in an applicable EHR reporting period. The impact on eligible hospitals would be the loss of 75 percent of the annual market basket increase; for CAHs, payment would be reduced to 100 percent of reasonable costs instead of 101 percent. 
• Under the Promoting Interoperability performance category of the Merit-based Incentive Payment System (MIPS), an eligible clinician or group would not be a meaningful user of certified EHR technology in a performance period and would therefore receive a zero score in the Promoting Interoperability performance category of MIPS, if required to report on that category. The Promoting Interoperability performance category score typically can be a quarter of a clinician or group’s total MIPS score in a year. 
• Under the Medicare Shared Savings Program, a healthcare provider that is an Accountable Care Organization (ACO), ACO participant, or ACO provider or supplier would be deemed ineligible to participate in the program for a period of at least one year. This may result in a healthcare provider being removed from an ACO or prevented from joining an ACO. 

“HHS is committed to developing and implementing policies that discourage information blocking to help people and the health providers they allow to have access to their electronic health information,” said HHS Secretary Xavier Becerra. “We are confident the disincentives included in the proposed rule, if finalized, will further increase the appropriate sharing of electronic health information and establish a framework for potential additional disincentives in the future.” To ensure appropriate sharing and the protection of patient privacy and preferences, the information blocking regulations include exceptions, such as the Privacy Exception. 

What You Should Know:

– Georgiamune, a privately held, clinical stage biotechnology company, and Verily, an Alphabet precision health technology company forms a strategic partnership to advance novel therapeutics for patients with cancer.

– Through this partnership, Verily and Georgimune will focus on identifying the patient population that could potentially benefit the most from Georgiamune’s GIM-122, a first-in-class dual-functioning antibody that has the potential to help patients with advanced solid tumors who have not responded to current treatments with a checkpoint inhibitor.

Integrating Clinical Trial Data and Longitudinal Real-World Data Sources

The two companies will also focus on driving more efficient clinical development by incorporating clinical trial data and longitudinal real-world data sources. The collaboration innovates how clinical trials are currently conducted by bringing together different data modalities to identify the patient populations most likely to benefit from Georgiamune’s novel therapy and by providing a more holistic analysis of how participants are responding to the therapy over time.

The partners will implement immune mapping with Verily’s Immune Profiler for GIM-122, a first-in-class dual-functioning antibody currently being evaluated for safety, tolerability, and antitumor activity in a first-in-human, phase 1/2 clinical trial in adults with checkpoint refractory or resistant advanced solid tumor malignancies. Georgiamune will utilize Immune Profiler to assess the pharmacodynamic effect of GIM-122 and interrogate the immune response of patients. As part of the partnership, the two companies will also aim to expand into other assets developed by Georgiamune in cancer and other therapeutic areas, including autoimmune diseases. 

“Georgiamune is a cutting edge innovation company with groundbreaking scientific discoveries leading to first and best in class immune therapies for cancer and autoimmune diseases,” said Georgiamune’s Founder and Chief Executive Officer Dr. Samir N. Khleif. “Verily’s expertise in immune profiling, real-world data, and advanced analytics provide a comprehensive data profile to accelerate development of our novel drug candidate. This partnership will allow us to focus on identifying the patient population that could potentially benefit the most from our breakthrough discoveries.”

What You Should Know:

– Found, a medically-assisted weight loss program launches Found Assistant, a generative AI guide within the Found app that offers members the ability to ask questions and discover instant and relevant information on nutrition, movement, health habits, and more.

– Found Assistant is available 24/7 to provide personalized guidance throughout members’ journeys and further support them in reaching their weight and health goals. During its soft launch in September, nearly one-third of beta users had more than one conversation with Found Assistant.

Power Instant Personalized Weight Guidance with Launch of Found Assistant

Over 70% of adults aged 20 and above in the U.S. have excess weight or obesity and are typically provided with the same outdated medical advice by well-intentioned primary care providers: balanced diet, exercise, and willpower. Just 50% of people adhere to long-term medical treatment plans, including taking prescribed medication, following a balanced diet, and executing lifestyle changes. Difficulty creating and keeping new routines, especially when it relates to weight care, happens for various reasons: some find it challenging to maintain a balanced diet while on the go, while others may need further guidance to fit movement into their daily schedules.

To better address these issues, Found Assistant supports the most challenging moments of member weight care journeys. Eliminating the overwhelm and labor associated with scattershot internet search results, Found Assistant instantly provides relevant educational information and personalized fitness routines, new recipes, lifestyle tips, curated guidance, and more based on member prompts, health histories, and personal preferences. For a member staying in a hotel with limited gym equipment, Found Assistant support and guidance is easily accessible and malleable. For example, it can automatically provide workouts that adapt to the member’s environmental change and help prevent the member from veering off their fitness routine.

“Found Assistant generative AI technology adapts to addressing behavior change and the user’s personal needs faster than any obesity practitioner in a brick or mortar setting or any digital health setting,” said Alex Linares, Chief Product Officer of Found. “Weight care journeys are inherently challenging, requiring dedication to new routines and guidance to achieve intended health outcomes. Found Assistant delivers an instant, personalized member experience that integrates well with the rest of the member experience at Found.”

Within the Found app, members can leverage an open-type field to prompt the Found Assistant with specific questions or use preset buttons to populate prompts for recipes, workout routines, meal plans, and habit-building. Members can review past saved conversations within the app, and all conversations with Found Assistant are kept anonymous. Found Assistant will continue to advance and provide opportunities to reshape and refine the weight loss industry for the better.

What You Should Know:

– Butterfly Network, a digital health provider of chip-powered handheld ultrasound technology, and Forest Neurotech, a tech research company has signed a $20M five-year agreement to develop a first-of-its-kind, minimally invasive implantable for imaging and stimulating the brain with ultrasound, powered by Butterfly’s chip technology. 

– Forest Neurotech is backed by Convergent Research, the Schmidt Futures Network, and Caltech, and the collaboration is part of Butterfly’s newly launched Butterfly Garden – a marketplace that facilitates partnerships with hardware and software developers seeking to build new technologies using Butterfly’s proprietary Ultrasound-on-Chip technology.  

Partnership Details

The agreement includes $20MM to be paid to Butterfly for annual licensing, chip purchases, services and milestone payments, of which $3.5MM was received on signing. Additional revenue is anticipated for every unit sold upon commercialization. Forest Neurotech is the latest Focused Research Organization to be created as part of Convergent Research, an incubator for ambitious scientific non-profits and member of the Schmidt Futures Network. Convergent Research recently announced $50M in new philanthropic support. 

Real-Time Imaging of Entire Brain

Roughly the diameter of a quarter, the device will create real-time imaging of the entire brain, offering unprecedented insights into complex and hard-to-treat neurological disorders, such as Parkinson’s disease, epilepsy, OCD and depression, among many others. Importantly, this technology is less invasive than traditional approaches to brain imaging and stimulation.  

 “Forest Neurotech is an exemplary partner that validates the vision behind Butterfly Garden. We opened our imaging platform for co-development to encourage and expedite innovation that captures the full potential of Butterfly’s disruptive chip technology through new applications and in adjacent markets. By bringing our chip into the neurotech implantables space, this partnership does exactly that,” said Joseph DeVivo, Butterfly Network’s President, Chief Executive Officer, and Chairman.   

What You Should Know:

– Independent research reveals family physicians with 75% revenue derived from value-based payment models decrease burnout symptoms, according to a new study from Elation Health, and American Academy of Family Physicians (AAFP) Innovation Lab.

– The goal of the study, conducted by surveying 10 primary care practices of varying sizes, was to identify specific barriers and innovations required for mainstream adoption of value-based payment (VBP) models and their relationship to physician burnout. 

Key Findings

Key findings from the study illustrate both the promise and the challenges involved with VBP models. The following themes emerged:

– Infrastructure: A significant factor in burnout is the amount of work to be done related to the resources available to efficiently do the work. The study uncovered a threshold of financial investment needed to support adequate infrastructure to enable success in VBP and reduce the associated risk of burnout. In larger practices or in practices with network affiliations, economies of scale made VBP administration more manageable. Beyond human resources, the adoption of technical solutions supported operational efficiencies, helping contain operating expenses and enabling clinical and financial success. 

– Capitation Factors: Practices with capitated models, or risk-adjusted, per-person payment models, experienced less burnout than those with payment models designed around retrospective “bonus” payments. The study also replicated findings that higher capitation rates combined with the greater percent of total revenue from capitation can most effectively relieve physician burnout. 

– Quality Measures: The effort required to identify, deliver, report, and get paid for a set of payer-driven quality measures is proportionally high for the majority of practices, regardless of size. The study showed that practices with fewer payer contracts had less burnout, given its link to fewer or simpler workflows to achieve success.

– Payer-Practice Contract Quality and Innovation: The most successful practices in the study benefited from innovative and savvy contract design between the practice and the health plan, sometimes involving partner health systems. Practice leaders who worked closely with payer organizations to design contracts around the power of primary care to influence downstream utilization patterns and costs of care of an attributed population realized better financial outcomes for the practice, reported a better experience of delivering care, and enjoyed the least amount of burnout. 

“Value-based care holds much promise by creating supportive collaborations between patient and physician, improving quality of care, and reducing healthcare spending,” said Dr. Steven Waldren, MD, MS, chief medical informatics officer at AAFP. “In this second study with Elation Health, we found it critical to further explore the challenges family physicians face as they work to transition to value-based payment models and to understand which innovations help them break through these barriers without putting themselves at risk of burnout.”

What You Should Know:

– Cedar Gate Technologies’ advanced AI analytics platform has identified that 55% of commercially insured women are unlikely to get a mammogram. Leveraging this proprietary AI, Cedar Gate evaluated nearly 2.4 million women in its national healthcare benchmark database.

– The model surfaces a probability score for whether or not a woman is likely to get a mammogram based on U.S. Preventive Services Task Force (USPSTF) guidelines. These guidelines recommend that women between the ages of 40 and 75 at average risk of developing breast cancer have a screening mammogram once every two years. More than 1.3 million (54.6%) of 2,388,731 women in the recommended group fell below Cedar Gate’s predictive scoring threshold. These women were identified as “unlikely” to get a mammogram.

– The data also reveals that Cedar Gate’s commercially insured breast cancer patients have an average age of 58 when primarily diagnosed, notably younger than the overall median age of 63.

Predictive AI Model Data Findings

With data from more than 12 million member lives, Cedar Gate’s proprietary national Health Benchmark Database enables payers, self-funded employers, brokers, consultants, and providers to better understand patient and member needs. The data also shows that the average age of commercially insured patients in the Cedar Gate database with breast cancer as a primary diagnosis is 58 years. This is several years younger than the median age of 63 years for all populations (including people on Medicare), according to cancer.net. It highlights the value of capturing and analyzing information on targeted patient populations like those in Cedar Gate’s Health Benchmark Database.

Additionally, the data shows a marked increase of women with estrogen- and progesterone-receptor-positive cancers (ER+ / PR+) who received a genetic test between July 2021 and June 2022 compared to the previous year, rising 34% from 11% to 15%. Genetic testing can reveal whether someone has one of nine known and actionable genetic mutations. Understanding these genetic mutations can inform surveillance recommendations, care plans, and treatment. The data supports trends showing that genetic tests are becoming more accessible for people at higher-than-average risk of developing breast cancer or when recommended by a doctor.

What You Should Know:

– Dallas-based Prolucent, a healthcare workforce optimization company announced it has secured $4M in funding by A1 Health Ventures. Joe Greskoviak, former CEO of Press Ganey and Managing Director of A1 Health Ventures, has joined Prolucent’s Board of Directors.

– The new capital will fuel Prolucent’s continued product innovation to help healthcare providers nationwide gain control of labor costs, build a better-balanced workforce, and meet the demands of a continually changing labor market.

Prolucent Background

Founded in 2019 by health tech entrepreneur Bruce Springer, Prolucent develops solutions for optimizing healthcare’s workforce needs using technology, artificial intelligence, and advanced analytics to improve the recruitment, utilization, and cost of healthcare labor.

Prolucent’s Liquid Compass® workforce management platform integrates a real-time talent marketplace, advanced analytics, and a vendor-neutral VMS to meet both the demand and supply of labor using a single platform. The AI-driven platform centralizes the management of all labor types — including core staff, flexible staff, and external agency staff — to optimize staffing effectiveness and create sustainable labor cost savings.