New York-based startup Plenful has secured $10 million in funding from investors including Bessemer Venture Partners and Waterline Ventures as it emerges from stealth mode. Plenful aims to use AI to automate pharmacy and healthcare operations, streamlining administrative tasks and freeing up care teams to focus on patient care. With worker shortages predicted to hit the healthcare industry, Plenful’s platform could help address labor challenges and improve worker retention and recruiting. The funding will be used to expand the reach of the platform across the healthcare industry.
Plenful’s CEO and co-founder, Joy Liu, drew upon her firsthand experience with healthcare challenges while working as the director of strategic operations at Shields Health Solutions. Plenful’s platform leverages AI to automate tasks such as document data entry, 340B auditing, and revenue optimization. By tapping into both unstructured and structured healthcare data, Plenful provides insights and automation to drive efficiencies and lighten workloads for healthcare teams. The goal is to allow care teams and pharmacists to focus on high-value tasks, while the platform handles time-consuming administrative work.
While there are other players in the healthcare workflow automation space, Plenful differentiates itself through its specialized focus on pharmacy operations and its highly configurable no-code platform. It claims to offer a comparable level of healthcare-centric workflow automation solutions that few competitors can match. With this funding, Plenful intends to expand its team and customer base, onboarding technologists and healthcare operators. The company aims to automate administrative tasks that cause burnout and impact worker retention, further improving efficiency and patient care in the healthcare industry.