MARLBOROUGH, Mass. (PRWEB)
October 10, 2019

Persivia Inc. (“Persivia” or the “Company”), the AI-driven value-based care solution provider, has announced today that it has closed a $15 million financing from Petrichor Healthcare Capital Management (“Petrichor”), completing its Series C round to support an array of growth initiatives.

The financing highlights an impressive growth trajectory for the Company. Persivia has grown from 65 customers at the end of 2015 to over 330 hospitals and provider groups on its platform today, a CAGR of over 70%. In the past six months, Persivia has added over 50 hospitals participating in the value-based Bundled Payments program and has also partnered with a large hospital group for Chronic Care Management deployment.

“We have a leading product for the healthcare ecosystem which is uniquely positioned to facilitate all stakeholders in the sector. Over the last four years, we have largely operated in stealth mode, relying on word-of-mouth referrals from loyal customers, with a keen focus on the development of our platform. This capital raise will be used to further build our sales and marketing efforts and drive awareness of our solutions to the wider healthcare industry. Our platform is very unique in using AI to support all data sources in all venues of care and for all value-based care models. If you are a system with 23 different EHRs, multiple Hospitals, 12 different claims feed and participate in Medicare Advantage, an ACO, Bundled Payments, CPC+ and/or take Commercial and Medicaid risk, there is no better platform for you in the industry today. We typically replace 5-6 different isolated point solutions when deploying to such a customer,” said Dr. Mansoor Khan, Founder and CEO of Persivia. “With this financing, we will now focus on driving large scale sales and marketing efforts to such customers,” announced Mansoor.

“We are pleased to partner with Persivia as they advance into their next stage of growth. The Persivia team has established an impressive customer base and revenue profile solely on the back of its superior product capabilities. We look forward to helping the Company drive growth as they broaden their sales and marketing to a larger group of customers. Persivia is a prime example of a founder-led, innovation-driven business with a next-generation solution tailored to a healthcare landscape that has too long been plagued by underdeveloped IT offerings,” said Tadd Wessel, Founder and Managing Partner of Petrichor, who will also take a seat on Persivia’s Board.

About Persivia Inc.:

Persivia Inc. offers healthcare providers the industry’s most comprehensive platform for managing multiple concurrent Value Based Care programs and data from dozens of sources. Built on the Soliton® AI engine, Persivia’s CareSpace® platform provides care coordination and analytics capabilities incorporating the industry’s most comprehensive AI-based clinical knowledge database. Persivia is committed to easing the growing burden of Value Based Care on healthcare providers and to transforming the healthcare ecosystem in the US.

For more information please visit http://www.persivia.com, email us at info@persivia.com or call us at +1(978) 856-4600

About Petrichor Healthcare Capital Management:

Petrichor Healthcare Capital Management partners with world-class healthcare managers and businesses to provide customized investment structures and support. The Petrichor team of investment professionals comes from highly-regarded financial institutions including OrbiMed Advisors and Fortress Investment Group. Collectively, the team has completed over 75 investments representing more than $5 billion in invested capital and has held over 25 board seats. Petrichor maintains a deep in-house understanding of healthcare products and services, including scientific, technical, and commercial expertise. This healthcare expertise, together with a breadth of experience investing across sectors, geographies, and capital structures, provides a strong competitive advantage.

For more information on Petrichor, please see http://www.petrichorcap.com or contact the firm at info@petrichorcap.com.

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WOBURN, Mass. (PRWEB)
October 10, 2019

HealthcareSource®, the leading provider of talent management solutions for the healthcare industry, today released the “2019 Report: State of Healthcare Recruiting,” based on Recruitment Benchmarks by Lean Human Capital. With the hundreds of thousands of data points collected, the 10th annual benchmark features senior living/post-acute data for the first time.

The Lean Human Capital Healthcare Recruitment Benchmarks have become an annual barometer of healthcare recruitment practices and employment trends. The goal of the study is to gauge the health of the healthcare recruiting industry, provide a macro view of labor supply and demand across the industry, identify key drivers, and outline essential strategies to optimize every process in sourcing, recruiting, and hiring. The 2019 report identifies the five most significant recruiting challenges in healthcare, the top trends in key acute and post-acute job families, and the nine best practices for healthcare recruitment in 2019.

“One word sums up the state of the healthcare job market in 2019 – stressed,” said Michael Grossi, HealthcareSource Chief Executive Officer. “With the Affordable Care Act bringing more than 20 million people into the healthcare system, aging baby boomers, historically low unemployment, and hundreds of thousands of healthcare workers retiring each year, recruiting qualified talent for both replacement hires and new jobs has become an ongoing epic challenge.”

Lean Human Capital surveyed more than 3,500 hospitals including post-acute facilities, employing nearly 900,000 clinicians and other staff on six key dimensions of recruiting: speed, efficiency, quality-of-hire, productivity, cost, and quality of service. Data was collected on requisitions for positions in 18 clinical and operational job families, from direct-care nurses to food service workers.

According to the Bureau of Labor Statistics, hospitals alone employed 5.238 million workers in July 2019, and the unemployment rate in the sector was an astonishingly low 1 percent. As of June 2019, there were 1.164 million job openings in healthcare and social services, and healthcare added an average of about 33,000 new jobs per month in each of the 12 months ending July 2019. Those statistics, combined with the technical complexity of medicine, make healthcare one of the most challenging industries to recruit for.

“Healthcare recruiting is not getting any easier, and the challenges healthcare organizations are facing today are likely to only become more complex,” said Carla Kennedy, Managing Director of Lean Human Capital. “The success of any healthcare recruiting organization depends largely on its resources and investment in talent acquisition to meet the organization’s needs and the strength of efforts to evaluate and optimize processes across sourcing, recruiting, and hiring. In this hypercompetitive market, talent acquisition teams need to take action now by finding efficiencies, implementing effective strategies, and ensuring they have the right data to make the important business decisions for today and tomorrow.”

The 2019 Recruitment Benchmark study also shows the business impact of working with Lean Human Capital’s advisory services team. Organizations in their second year or beyond of a successful recruitment transformation journey with Lean Human Capital benefit from:

• 
  89-percent rate of positions filled to offers extended
• 13 days faster time-to-fill for critical, hard-to-fill roles
• 24 percent fewer openings per recruiter

Obtain a copy of “2019 Report: State of Healthcare Recruiting” here.

About HealthcareSource

HealthcareSource® is the only comprehensive talent management suite designed specifically to support the healthcare talent ecosystem. Our software, services, content, and analytics enable more than 3,500 healthcare organizations, senior care providers, and staffing agencies, spanning over 6,000 locations, to ensure quality patient and client care by recruiting, retaining, and developing quality talent. HealthcareSource and its award-winning healthcare talent management solutions have been recognized by industry analysts and trade groups.

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