Prolucent Secures Strategic Investment from Northwell Holdings to Accelerate Workforce Management Innovation in Healthcare

By Business Wire On Oct 16, 2024

Capital to Enhance Solutions for a Flexible, Future-ready Workforce

Prolucent , a leading provider of enterprise-wide healthcare workforce optimization software and services, today announced a strategic investment by Northwell Holdings, the for-profit investment arm of Northwell Health, New York State’s largest healthcare provider and private employer. This extended Series A funding, following Northwell Health’s initial success in leveraging Prolucent’s platform, will accelerate the development and expansion of Prolucent’s AI-driven workforce management solutions to healthcare organizations nationwide.

“We see significant market potential for Prolucent’s vendor-neutral workforce management solutions, which streamline labor management across permanent, part-time, per diem, and travel staff on one platform,” said Kate O’Donnell, Managing Director of Northwell Holdings. “Prolucent is reshaping the way healthcare systems manage their workforce, delivering the tools needed to cut labor costs, improve operational efficiency, and strengthen competitive advantage. We look forward to supporting their continued innovation.”

Since 2023, Prolucent has been Northwell Health’s valued contingent workforce technology partner, seamlessly integrating FlexStaff—Northwell’s internal staffing agency—with external contract staffing agencies, through the LiquidCompass VMS+ platform. Currently deployed across Northwell’s 21 hospitals in the greater New York metro area and beyond, Prolucent enables end-to-end management of staffing orders, fulfillment, credentialing, invoicing, and more while advanced analytics provide insights on labor utilization and cost efficiency. This data-driven approach helps the Northwell enterprise make informed staffing decisions that lead to sustainable labor cost savings.

Carolyn Doyle, CSP, VP at Northwell and CEO of Flexstaff, stated, “Prolucent’s vendor-neutral approach has been a game-changer for Northwell, ensuring we receive the most competitive rates and transparent pricing for contingent labor. Our partnership with Prolucent has also helped us realize new levels of efficiency through data and system integrations and enterprise reporting, while maintaining the high standard of care our patients expect. As Northwell continues to lead in healthcare staffing advancements, our collaboration with Prolucent will remain a key driver of our success.”

“We are excited to deepen our partnership with Northwell Health and extend our platform capabilities to help healthcare organizations address labor challenges with flexible, cost-effective solutions,” said Bruce Springer, co-founder and CEO of Prolucent. “As one of the largest health systems in the U.S., Northwell Health’s positive experience using Prolucent underscores the platform’s proven impact, positioning it as a vital technology for forward-thinking health systems looking to optimize workforce management.”

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