Definity Raises $7 Million in Series A Funding
Definity, a Covington, Kentucky-based company specializing in healthcare workforce management, has announced the successful completion of its Series A funding round, raising $7 million. The funding was led by Accrete Health Partners, the digital venture arm of Bon Secours Mercy Health.
Definity offers a workforce platform designed to assist health systems in optimizing talent, reducing costs, and ensuring the right clinical staff are available at the right time. This latest funding round is set to bolster Definity's capabilities in addressing the pressing needs of healthcare systems, particularly in managing labor costs and workforce shortages.
Strategic Use of the Funds
The newly acquired capital will be directed towards scaling Definity's platform, expanding its team, and accelerating innovation. The company aims to enhance its ability to provide a unified system for workforce planning, sourcing, and management. This approach is expected to give health systems improved visibility into workforce utilization and spending, thereby enhancing operational flexibility and maintaining high-quality care delivery.
Partnership with Bon Secours Mercy Health
A strategic partnership with Bon Secours Mercy Health is also part of the funding agreement. This partnership will leverage Definity's platform to enhance contingent workforce management and develop a more data-driven labor strategy. Allan Calonge, Chief People Officer at Bon Secours Mercy Health, will join Definity’s board of directors, further solidifying the collaboration. Calonge remarked, "Definity can be a transformational platform for our hospitals, providing the transparency and flexibility we need to manage our workforce more strategically."
Investment Vision
Accrete Health Partners sees this investment as an opportunity to support health system-designed innovation. The involvement of Bon Secours Mercy Health’s operational leadership is expected to facilitate not just financial investment but also strategic growth alongside Definity’s journey.
This Series A funding marks a significant step for Definity as it continues to develop its purpose-built solutions for healthcare workforce management, aiming to provide health systems across the United States with comprehensive labor ecosystem insights.