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In-House Health Raises $4 Million Seed Round, Unveils AI-Powered Scheduling Platform to Combat Nurse Shortage Crisis

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In-House Health Raises $4 Million Seed Round, Unveils AI-Powered Scheduling Platform to Combat Nurse Shortage Crisis
News

News

In-House Health Raises $4 Million Seed Round, Unveils AI-Powered Scheduling Platform to Combat Nurse Shortage Crisis

2024-05-08 20:29 Last Updated At:20:40

DENVER--(BUSINESS WIRE)--May 8, 2024--

Today, In-House Health is announcing the formal launch of its AI-driven scheduling and management platform for modern nursing teams. The company has recently raised $4 million in seed funding led by NEA and TMV, with participation from pre-seed investors Vine Ventures and Longevity Venture Partners, bringing total investment to-date to $5.4 million.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240508413979/en/

In-House Health was co-founded in 2023 by two healthcare professionals and a technical leader: Ari Brenner, Sergey Vasilenko and Shachar Har Zvi. Brenner previously served as Co-Founder and COO of Stellar Health, a healthcare technology company that works with payors and health systems to manage their value-based activities, while Vasilenko was a former critical care nurse who later transitioned to EMR/clinical informatics. Har Zvi joined from Google, where he was a Technical Lead. In-House Health was born from firsthand experiences with inefficiencies in hospital staff management and how they could be solved through technology.

Nurse team leaders spend more than 15 hours a week managing shift schedules, buried in repetitive drag-and-drop screens, or even pen, paper and whiteboards. Additionally, while many hospitals typically employ thousands of employees, they often operate as regional silos. As a result, they are faced with unpredictable demand and challenges managing their employees, while constantly playing catch-up in response to changing circumstances.

In-House Health addresses this challenge by working closely with hospitals and providers to streamline staffing workflows. In-House’s AI algorithm is trained on millions of patient records to identify patterns of bedside care and anticipate shift changes weeks earlier than is normally possible. As a result, the algorithm can shorten hours spent on scheduling by half or more and reduce labor costs by over 10% across-the-board, amid the growing crisis of workforce shortage and spiraling costs to deliver care.

“Saving manager time on scheduling is a huge win and relieves burnout among nursing leaders, but the real prize is improved staffing outcomes,” explained Brenner. “When hospitals fail to properly predict the future, it costs money in overtime pay and agency use. We can reduce both through precision staffing.”

James Kerridge, DNP, Associate Chief Nurse, Chicago VA Medical Center and Board Member with the Illinois Organization of Nurse Leaders, joined In-House’s Nursing Advisory Board more than a year ago to help shape its product and clinical strategy.

“In-House’s platform makes it easy for hospitals to schedule adaptively. This unlocks control over schedule and flexibility that is now critical to keep nurses satisfied and reduce burnout associated with last-minute changes,” said Kerridge.

In-House has experienced quick adoption from hospital executives and bedside nurses alike. Its system currently delivers scheduling and clinical insights to the management of more than 800 nurses.

“At NEA, across our current and historical portfolio, we have deep experience across healthcare staffing markets. While there have been prior attempts to disrupt this market, we believe In-House’s focus on cutting reliance on third-party agencies and offering real-time clinical demand prediction is unique,” said Blake Wu, Partner at NEA. “We view this as a prime opportunity to back a category-defining clinical workforce optimization company and are excited to watch In-House lead the way in modernizing hospital staffing.”

“One of our central themes at TMV is to invest in businesses transforming the future of the healthcare workforce,” explained Soraya Darabi, Co-founder and General Partner at TMV. “The bar is very high for hospital systems to purchase outside technology. In-House Health is distinctive in that they are a win for the nurse experience as well as the hospital bottom line.”

About In-House Health

In-House Health is an AI-powered tech platform for modern nursing teams. Today, nurse staffing and scheduling is a manual, time-consuming process that often ineffectively distributes an increasingly strained workforce. In-House uses predictive analytics and automatic scheduling tools to guide nurse leaders, improving team experience at the bedside, patient safety, and financial outcomes. www.inhouse.health.

About NEA

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With nearly $24 billion in cumulative committed capital since the firm's founding in 1977, NEA invests in technology and healthcare companies at all stages in a company's lifecycle, from seed stage through IPO. The firm's long track record of successful investing includes more than 230 portfolio company IPOs and more than 390 mergers and acquisitions. www.nea.com.

About TMV

TMV is an early-stage venture firm investing in the world's leading entrepreneurs reshaping legacy industries through tech-enabled innovation. Founded in 2016, TMV empowers founders with the capital and go-to-market bench required to reach critical inflection points and scale. With partners on the ground in New York, Chicago, Miami and London, TMV offers a global alliance for the leaders of tomorrow. www.tmv.vc.

In-House’s nursing team platform uses AI to predict staffing requirements for future shifts. Image courtesy In-House Health.

In-House’s nursing team platform uses AI to predict staffing requirements for future shifts. Image courtesy In-House Health.

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Stars shining at San Siro as Inter celebrates 20th Serie A title

2024-05-20 05:26 Last Updated At:05:31

MILAN (AP) — Before the sun set in Milan on Sunday, San Siro had two stars shining brighter than ever as Inter Milan finally got its title celebrations underway.

While Inter fans had been celebrating since last month when the Nerazzurri secured the Serie A title with five rounds remaining, the players finally got their hands on the trophy after the final home match of the season — a 1-1 draw against Lazio.

The title was Inter’s 20th, earning it a coveted second star and after the match all the players wore special team shirts that had “20” and two stars on the back. They were each called out individually to walk to the stage and get their medals, with Lautaro Martinez coming out last — after coach Simone Inzaghi.

The Inter captain then lifted the trophy up to cheers from a still-packed San Siro as fireworks were set off behind them.

The players paraded the trophy around the edge of the field and were joined by their close friends and family, who had been waiting in an area sectioned off for them near the stage.

The father of Inter forward Marcus Thuram was also present, proudly wearing an Inter shirt — albeit back-to-front so that his son's name was on his chest. Lilian Thuram, who won the World Cup with France in 1998, played as a defender for Parma and Juventus.

Musicians and Inter fans Tananai and Ligabue performed a mini concert.

Even questions over the financial status of the club couldn't dampen the spirits. There are reports that Suning and Inter President Steven Zhang could lose control of the club early next week if it fails to repay a debt of nearly 400 million euros ($434 million) to American investment fund Oaktree.

“This is a matter for our shareholders … I can only guarantee that the club is very solid and, with Zhang at the helm we have followed a virtuous path on a balance sheet level,” Inter CEO Giuseppe Marotta said. “I would challenge anyone to check by looking at our accounts.

“Whatever decision the Zhang family takes, it will be for the good of the club that they love.”

The festivities started before kickoff as there was a spectacular pre-match choreography that covered every inch of the stands at San Siro to mark the occasion.

One side of the stadium had two stars on it and the Scudetto symbol, while the other spelled out the phrase “champions of Italy.” The ends had the Inter logo and the number 20.

Denzel Dumfries headed in a free kick late on to rescue a draw for Inter after Daichi Kamada had fired Lazio in front in the first half.

RELEGATED AFTER 11 YEARS

Sassuolo was relegated from Serie A after 11 years in the Italian top flight.

A 2-0 loss at home to Cagliari doomed Sassuolo to Serie B and ensured Claudio Ranieri’s team stayed up.

Cagliari moved three points clear of the relegation zone with one round remaining, but two of the teams below it – Udinese and Frosinone – play each other on the final day.

RELEGATION FIGHT

There are four teams at risk of finishing in 18th spot and following Sassuolo and bottom club Salernitana – which was mathematically relegated last month – into Serie B.

Empoli currently occupies that spot after conceding an equalizer in the 14th minute of stoppage time in a 1-1 at Udinese.

Empoli thought it had got a valuable win against a direct rival for safety when M’Baye Niang converted a penalty in the final minute after Nicolò Cambiaghi was tripped by Udinese midfielder Lazar Samardžić.

However, deep in stoppage time Samardžić went from villain to hero by converting another spot kick to ensure Udinese remained a point above the bottom three.

Empoli replaced Frosinone, which moved two points clear with a 1-0 win at Monza.

Hellas Verona is the other team not yet safe but it has a match in hand, against Salernitana on Monday.

ROMA KEEPS HOPING

Roma beat Genoa 1-0 to secure a sixth-place finish in Serie A and keep alive its slim hopes of sneaking into the Champions League.

Italy could have six teams in Europe’s elite competition next season if Atalanta defeats unbeaten Bayer Leverkusen in the Europa League final on Wednesday. Roma has three more points than seventh-place Lazio but a better head-to-head record which is the first tiebreaker in Serie A.

Roma’s chances of getting something from Sunday’s match appeared to diminish in the 72nd minute when Leandro Paredes was booked for dissent and then shown a second yellow and sent off for appearing to swear at the referee.

However, Romelu Lukaku headed in what proved to be the winner seven minutes later.

AP soccer: https://apnews.com/hub/Soccer

Inter's Hakan Calhanoglu and Mirko Arnautovic celebrate their victory of the "scudetto" after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter's Hakan Calhanoglu and Mirko Arnautovic celebrate their victory of the "scudetto" after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter's Lautaro Martinez celebrates their victory of the "scudetto" after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter's Lautaro Martinez celebrates their victory of the "scudetto" after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter Players and head coach Simone Inzaghi, center back, celebrate winning the Scudetto after Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter Players and head coach Simone Inzaghi, center back, celebrate winning the Scudetto after Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter's Marcus Thuram celebrates their victory of the "scudetto" after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter's Marcus Thuram celebrates their victory of the "scudetto" after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter's Lautaro Martinez celebrates winning the Scudetto after Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter's Lautaro Martinez celebrates winning the Scudetto after Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Lazio's Daichi Kamada, left, scores his side's first goal during the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Lazio's Daichi Kamada, left, scores his side's first goal during the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Lazio's Daichi Kamada celebrates after scoring his side's first goal during the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Lazio's Daichi Kamada celebrates after scoring his side's first goal during the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter's Denzel Dumfries, right, celebrates after scoring 1-1 goal during the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter's Denzel Dumfries, right, celebrates after scoring 1-1 goal during the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter players celebrate their victory of the "scudetto" after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter players celebrate their victory of the "scudetto" after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter coach Simone Inzaghi and Inter football players celebrate winning the "scudetto" after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter coach Simone Inzaghi and Inter football players celebrate winning the "scudetto" after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter players celebrate their victory of the "scudetto" after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

Inter players celebrate their victory of the "scudetto" after the Serie A soccer match between Inter and Lazio at the San Siro Stadium in Milan, Italy, Sunday, May 19, 2024. (Spada/LaPresse via AP)

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