IntelyCare announced that we raised $10.8 million in funding to expand the development and adoption of our workforce management solution for post-acute healthcare facilities. Following is a roundup of the news coverage that circulated about the November 2018 announcement.
WSJ: IntelyCare Raises $10.8 Million to Tackle Nursing Shortage
Brian Gormley of The Wall Street Journal discusses the appeal of IntelyCare in the midst of our Series A fundraising announcement.
“Technology will be central to overcoming a national shortage of nursing professionals, according to IntelyCare, the developer of an app for health workers.
“Investors have committed $10.8 million in new funding to Quincy, Mass.-based IntelyCare, whose app matches nurses with open shifts at health-care providers.
“The Bureau of Labor Statistics has projected employment of registered nurses to grow much faster in coming years than the average for all occupations, citing factors such as the aging population, financial pressure on hospitals to discharge patients to outpatient care, and a need to replace retiring nurses.
“IntelyCare uses an app to connect health-care providers and nurses. Through its algorithms it can predict for clients when they will need to increase nursing staff to meet demand, co-founder and Chief Executive David Coppins said.”
Read the full article from The Wall Street Journal.
Skilled Nursing News: IntelyCare Raises $10.8M to Expand Skilled Nursing Staffing Platform
Alex Spanko of Skilled Nursing News spoke with David Coppins, our CEO, to discuss IntelyCare’s Series A fundraising announcement.
“A staffing software provider aimed at long-term care operators on Thursday announced an injection of $10.8 million in additional funding as it attempts to expand beyond its current four-state footprint.
“The Quincy, Mass.-based IntelyCare raised the funds in a Series A round led by Leerink Revelation Partners, along with Longmeadow Capital, LRV Health, and former skilled nursing owner and operator Bill Mantzoukas.
“Since its founding in 2015, the company has pulled in a total of $14 million, and currently matches nurses and certified nursing assistants with hundreds of long-term care facilities, according to CEO David Coppins.”
Read the full article from Skilled Nursing News.
Xconomy: Nurse Staffing Startup Gets $10.8M as Personnel Ratios Hit MA Ballot
Brian Dowling of Xconomy covered IntelyCare’s Series A fundraising announcement.
“IntelyCare, a Massachusetts-based nurse-staffing platform for long-term care, assisted living, and rehabilitation facilities, has raised $10.8 million from venture investors, less than a week before voters weigh in on a new state mandate hospital for patient-to-nurse ratios.
“San Francisco firm Leerink Revelation Partners led the Series A funding round and was joined by Longmeadow Capital, LRVHealth, and entrepreneur Bill Mantzoukas. Last year, Quincy, MA-based IntelyCare raised $3 million through debt financing and other securities, according to filings with regulators.
“IntelyCare says its artificial intelligence technology automates scheduling and filling shifts at post-acute care facilities, such as rehabilitation facilities, skilled nursing facilities, and long-term care facilities. The facilities pay flat rates for IntelyCare’s staffing tool, which competitively prices the nurse wages based on how easy or hard it is to fill the shift.”
Read the full article from Xconomy.
HIT Consultant: IntelyCare Nabs $10.8M to Expand On-Demand Nurse Staffing Management Platform
Fred Pennic of HIT Consultant covered IntelyCare’s news of raising $10.8M through Series A fundraising.
“Solving the nursing shortage that’s expected to reach 1.2 million RN vacancies by 2022 (according to the Bureau of Labor Statistics) will take a multi-faceted approach. Part of the solution will be better allocating nursing professionals in a way that considers the needs of both nurses and local facilities. IntelyCare, a digital health startup, announced that it has raised $10.8 million in funding to expand the development and adoption of its workforce management solution for post-acute healthcare facilities.
“The Series A round was led by Leerink Revelation Partners with participation from Longmeadow Capital, previous investor LRVHealth and Bill Mantzoukas, an entrepreneur who has owned and operated a series of skilled nursing facilities. This investment brings IntelyCare’s total funding to $14 million.”