connectRN Incorporated, a digital platform that aims to improve physicians’ lives by providing them with access to support, opportunity, and community, said today that it has raised USD 76 million, bringing the total funding to over USD 100 million. Together with Infinitum Asset Management, HBM Healthcare Investments, Adage Capital Management, Park West Asset Management, and Cormorant Asset Management Suvretta Capital Management and Avidity Partners co-led the deal. Amedisys, a frontrunner in home healthcare and outpatient facilities, was also a member of this funding round and will work with connectRN in such new healthcare settings.
“ConnectRN’s nurse staffing solution has been in high demand for a long time. During the pandemic, this need was amplified and painfully visible. healthcare workers and Nurses “deserve a centralized location where they can interact, engage, and locate competitive job possibilities,” according to Amanda Birdsey-Benson, researcher at Suvretta Capital Management, LLC. “ConnectRN offers a unique technology infrastructure that we believe has the ability to establish the industry standard in the future.” We are honoured to be a part of the company’s future chapter of development.”
“We are excited to invest in connectRN and partner on the deployment of this innovative framework to connect home health and hospital physicians in innovative ways.” As we approach 2022, a key objective for Amedisys is to innovate around how we connect our healthcare staff to drive more capacities. Paul Kusserow, Chairman and CEO of Amedisys, said, “We look forward to continuing with the amazing team at connectRN to expand out the infrastructure and further differentiating Amedisys.”
Nurses and attendants have always felt overburdened and undervalued, and this sentiment approached a breaking point last year, with 55 percent of healthcare personnel reporting exhaustion. The pandemic has brought attention to nurses’ lack of mental and physical health resources. Because of the lack of care and increased stress, a record number of nurses and attendants are quitting their jobs. The present climate for healthcare employees’ risks exacerbating the serious lack of nurses and attendants that already exists.
“Nurses and attendants are the core of the public health system, and they deserved a supportive environment that empower them to obtain supportive services, gives them more liberty to seek new employment possibilities, and gives them better control over their professions.” We created the connectRN network to be this answer, a digital network that connects nurses and attendants with employment opportunities anytime, wherever, and however they want,” said Maddie Thoms, connectRN’s COO. “Physicians and healthcare facilities have embraced the connectRN system to date.”
“In 2021, the company expects to generate annual revenue by 240 percent year on year, validating our notion that nurses and attendants are not just in demand, but also looking for a decent career trajectory.”