New York-based startup Plenful has raised $10 million in funding from investors including Bessemer Venture Partners and Waterline Ventures. Plenful aims to automate pharmacy and healthcare operations using AI technology. The funding will be used to expand Plenful’s platform and no-code applications across the healthcare industry, allowing organizations to streamline administrative tasks and improve patient care. The investment comes at a crucial time as the healthcare industry faces worker shortages and burnout, with a projected shortfall of 18 million workers by 2030.
Currently, healthcare teams are burdened with manual tasks such as data entry, managing patient intake, and ensuring compliance with drug procurement programs. Plenful’s platform is designed to eliminate these administrative tasks and free up healthcare professionals to focus on patient care. By automating tasks like document data entry and auditing, Plenful aims to drive efficiencies and reduce workloads. The goal is to provide care teams and pharmacists with more time to dedicate to high-value tasks that require their expertise.
Plenful’s specialized focus on pharmacy operations use-cases and its highly configurable no-code platform set it apart from other players in the healthcare automation space. While there are competitors in the market, Plenful claims to have limited direct competition due to its unique offerings. With the new funding, Plenful plans to expand its team and customer base, empowering healthcare organizations to automate administrative tasks and improve retention rates.