Based in San Francisco Plenful, a workflow automation platform for pharmacies and healthcare practices, announced it has secured $17 million in Series A investment, less than a year after launching with $9 million in funding.
The round was led by TQ Ventures, with participation from Mitchell Raels (co-founder and chairman of Danaher), Susa Ventures and existing investors.
What it does
Plenful provides pharmacy technicians with no-code, AI-enabled automation tools for manual and administrative workflows, including assistance with document data entry for pharmacy revenue cycle, referral orders, audits, and savings identification.
The company plans to use the funds to expand marketing, sales and product development.
“We are committed to transforming pharmacy and healthcare operations with our innovative AI automation solutions to solve the manual and administrative tasks that are straining the system, exacerbated by a significant decline in the number of pharmacists graduating,” said Joy Liu, founder and CEO of Prenful. MobiHealthNews By email.
“By streamlining operations and alleviating workforce shortages, we enable care teams to prioritize patient care. Plenful is committed to enhancing the delivery of pharmacy care and shaping a more efficient future for healthcare.”
Market Snapshot
Another company that secured funding this week for its workflow automation platform is SamaCare.
The company helps healthcare providers obtain prior authorization for specialty drugs, verify enrollment and validate benefits, and uses data analytics to provide information to pharmaceutical companies to improve access to care.
Summer care also secured $17 million in funding.
