Definity Secures $7 Million in Series A Funding
Definity, a company based in Covington, Kentucky, has announced the successful closure of a $7 million Series A funding round. The company offers a specialized workforce platform designed to help health systems optimize talent, reduce costs, and ensure the availability of the right clinicians when needed.
Lead Investor: Accrete Health Partners
The funding round was led by Accrete Health Partners, the digital venture arm of Bon Secours Mercy Health. This investment will bolster Definity's efforts to address the complexities of workforce management in the healthcare sector.
Strategic Use of Funds
Definity plans to use the newly acquired capital to scale its platform and expand its team. The company aims to enhance its technological capabilities, offering health systems a unified approach to workforce planning, sourcing, and management. This expansion is crucial as healthcare providers face challenges related to labor costs, workforce shortages, and changing care delivery models.
Partnership with Bon Secours Mercy Health
The investment also includes a strategic partnership with Bon Secours Mercy Health. This collaboration will enable Bon Secours Mercy Health to utilize Definity’s platform for improved contingent workforce management and to develop a more data-driven labor strategy. As part of this partnership, Allan Calonge, Chief People Officer at Bon Secours Mercy Health, will join Definity’s board of directors.
Vision for the Platform
Kris Cannon, President of Definity, emphasized the need for specialized workforce technology tailored to healthcare. "Health systems need workforce technology built for how care is actually delivered," Cannon stated. This investment allows Definity to continue its close partnerships with health systems to innovate effectively and provide real-time insights into labor management.
Allan Calonge of Bon Secours Mercy Health expressed confidence in Definity's potential, noting that the platform provides the transparency and flexibility needed to manage hospital workforces strategically.
Future Developments
With the new infusion of funds, Definity plans to deepen its partnerships with health systems across the United States, further enhancing its product offerings and expanding its market presence. The company is poised to address some of the most pressing workforce challenges in the healthcare industry today.