Plenful's platform uses AI and human oversight to automate tasks such as document data entry for onboarding and referral management, 340B auditing and savings identification, and identification of revenue optimization opportunities. The company, which started operations in 2021, has more than 20 customers across health systems, pharmacies, and other healthcare organizations. With the new funding, Plenful plans to expand its team and market footprint, focusing on automating administrative tasks that cause burnout and affect retention.
Key takeaways:
- New York-based startup Plenful has raised $10 million in funding to automate pharmacy and healthcare operations using AI.
- The company's platform uses AI to automate routine administrative tasks, freeing up healthcare teams to focus on patient care.
- Plenful has over 20 customers across health systems, pharmacies, and other healthcare organizations since starting operations in 2021.
- Despite competition in the healthcare automation space, Plenful claims to have limited direct competition due to its focus on pharmacy operations and its no-code platform that can process both unstructured and structured data.