The platform sits on top of a health system's existing data sources, automating manual data entry and data validation to prevent errors. It ingests data in various formats, applies algorithms to provide actionable insights for clinical decision making, and is used by customers to automate document data entry, audit potential areas of savings, among other uses. Plenful competes with startups like Notable and Infinitus, but CEO Joy Liu believes the company is in a strong position due to its healthcare-centric, no-code, and highly configurable workflow automation solutions.
Key takeaways:
- Plenful, a startup that develops workflow automation tools for healthcare providers, has raised $9 million in a funding round led by Bessemer Venture Partners.
- The company plans to use the funds to expand its platform, grow its team, and increase its customer base, which currently includes around 20 healthcare companies.
- Plenful's platform is designed to reduce burnout in the healthcare industry by automating manual data entry and data validation, thereby freeing up time for healthcare workers to focus on more important tasks.
- The company faces competition from other startups like Notable and Infinitus, but CEO Joy Liu believes Plenful has an advantage due to its healthcare-centric, no-code, and highly configurable workflow automation solutions.