Healthcare scheduling software developer OnShift has obtained a $512,000 loan from the state of Ohio that it’ll use to further develop its technology.
Cleveland-based OnShift is planning various product enhancements, including boosting the software’s analytics and adding new capabilities for long-term care providers, CEO Mark Woodka said.
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“We’re still at an early stage of development, and having access to this capital is critical to us,” Woodka said.
OnShift’s software is targeted at hospitals, nursing homes and other long-term care facilities. Open shift messages can be sent to available staff via text, email and automated phone call.
Along with the product enhancements, OnShift plans to boost its staff this year from a current 36 to between 55 and 60. Most new hires will be programmers, as well as sales and marketing workers.
The young company enjoyed solid growth last year, with revenue rising 400 percent over 2010. OnShift is aiming for a similar rate of growth this year, Woodka said.
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OnShift has about 500 customers, Woodka said.
In late 2010, OnShift raised a $2.3 million investment round led by Pittsburgh-based Draper Triangle Ventures. Last year, the company released an iPad version of its scheduling software.
The company says its scheduling software can help clients reduce labor costs by preventing overtime, mitigating regulatory risk and improving efficiencies through automated scheduling. Replacement workers can be found in minutes rather than hours, according to the company.
[Photo by flickr user Peter Kaminski]
