Staffing turnover in senior care has reached an all-time high at an annual rate of 48.5% among all employees and 68.1% among resident assistants and personal care aides. At a sunk cost of roughly $2,200 per employee, staff turnover is expensive and results in lower resident satisfaction, quality of care and occupancy.
Staff leave for a myriad of reasons, but what if a few simple changes could transform the trajectory of your organization? Luckily there are proven strategies to increase staff
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workplace
Overcoming the Healthcare Staffing Shortage Through Back-Office Automation
Today’s healthcare staffing shortage, fueled by the COVID-19 pandemic but years in the making, has left many hospitals and health systems scrambling.
To date, the shortage of front-line healthcare workers has received most of the attention, and for good reason: By 2025, the U.S. is likely to face a shortage of 446,300 home health aides; 95,000 nursing assistants; and 29,400 nurse practitioners, according to a report from consulting firm Mercer.
However, what is less appreciated
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HealthJoy Raises $60M for Healthcare Navigation Platform to Reduce HR Burden
What You Should Know:
- HealthJoy, a healthcare navigation platform that drives benefits satisfaction, improves care outcomes, improves employee satisfaction and reduces HR burden raises $60M in Series D funding led by Valspring Capital with participation from new investors Endeavour Vision and CIBC Innovation Banking. Existing investors US Venture Partners, GoHealth co-founders Brandon Cruz and Clint Jones, Health Velocity Capital, Nueterra Capital and Epic also participated
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Rippl Launches with $35M to Transform Mental Health for Seniors
What You Should Know:
- Rippl, a new mental health startup focused on caring for seniors with dementia and other neurocognitive conditions, launched today with $32M in seed round funding led by ARCH Venture Partners and General Catalyst. The round also includes investment from GV, F-Prime Capital, and Mass General Brigham Ventures.
- Rippl will use its seed funding to hire and train a team of clinicians, build technology, and open a Washington state-based clinical support center to launch
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What’s The Role of Digital Health in Public Health?
To a certain extent, the national conversation about the importance of a robust public health system has been happening for the last couple of years in the context of dealing with the COVID-19 pandemic. And yet, rather than discussing how the system can be strengthened and expanded, we’ve instead largely limited it to what the government can and cannot ask the public to do, as though the necessity of a public health system is still in doubt.
For those who work in the arena, this is not an
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Transcarent Launches Oncology Care for Collaborative Cancer Care Experience
What You Should Know:
- Transcarent, a new, different, and better health and care experience company for employees of self-insured employers and their families launches Transcarent Oncology Care, a collaborative cancer care experience that connects employees and their families with high-quality cancer care from leading cancer institutes, top-rated oncology providers and researchers, and clinical trial identification irrespective of their geographic location.
- Transcarent Oncology Care
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UK Startup Oliva Raises $6.3M for Workplace Mental Health Platform
What You Should Know:
- Oliva, a London-based workplace mental health platform announced it has raised $6.3M (£4.84M) in seed funding led by Stride VC, a seed-stage VC firm based in London, along with additional investment provided by Moonfire.
- The seed raise marks the largest seed funding for a mental health startup in Europe.
Help with Life’s Problems, Work-Related or Not
In the UK, poor mental health costs employers
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NeuroFlow Secures Deal with Aflac, Targets Growth in Employee Benefits Space
What You Should Know:
- This week, NeuroFlow announced a long-term deal with Aflac to provide the supplemental insurer's employers with the technology platform.
- NeuroFlow's app will be offered for self-care, providing tailored educational content, resources, and a 'Response Services' team if users are deemed at-risk.
Availability
The NeuroFlow solution is designed to help fill gaps that may exist in an employer’s behavioral health program by proactively detecting potential issues
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How COVID-19 Made Employee Safety Work for Employees
Over the past decade, the move toward automated hygiene, cleaning, and sanitation solutions has steadily accelerated and its effective implementation has positively impacted organizations who quickly recognized its potential value. Enhanced productivity, increased worker safety, an opportunity to repurpose labor, and improved water savings are just a few of the reasons why a growing chorus of organizations embraced the automation revolution.
COVID-19 has served as a reminder that
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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity
The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies.
By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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