Axuall Secures $20M Series B Capital Raise after Accelerated Market Growth & Enterprise Adoption

Noro-Moseley Partners, along with a syndicate of leading healthcare organizations, invest in optimizing the clinician workforce via Axuall’s Data Network

CLEVELAND, May 31, 2023 (GLOBE NEWSWIRE) — Axuall, the industry leader in clinical workforce intelligence, proudly announced today the investment of $20 million in Series B funding led by Noro-Moseley Partners, with additional investors Flare Capital Partners, Intermountain Ventures, University Hospitals Ventures, Hartford HealthCare, LocumTenens.com (part of the Jackson Healthcare family of companies), Epsilon Health Investors, InHealth Ventures, AV8 Ventures, JumpStart Ventures, and M25 Ventures. Axuall’s investors and the organizations they represent comprise over two dozen of the nation’s leading healthcare organizations that recognize the imperative to improve clinical workforce efficiency amidst significant economic and staffing challenges.

Established and developed with leading healthcare systems since 2019, Axuall is a workforce intelligence company built on a national real-time practitioner data network that connects healthcare organizations to a vast array of data, providing insights for network planning, analytics, and reporting, while dramatically reducing onboarding and enrollment time via provider-enabled digital credentials.

“Timely clinician population data is key to optimizing a healthcare workforce, a factor that ranks among the most critical priorities for healthcare leaders,” stated Ajay Kumar, M.D., EVP & Chief Clinical Officer, Hartford HealthCare. “An optimized workforce enables organizations to meet demand, improving patient outcomes and healthcare systems’ economics.”

Meanwhile, reducing friction within the people side of the supply chain is critical to addressing staffing shortages in the United States. Planning, recruiting, and placement have long been inefficient, time-consuming, and painful for clinicians and healthcare organizations. However, organizations that leverage data networks to streamline the process will be the choice of healthcare systems and clinicians in the coming years.

“With Axuall’s network, we are transforming the way we collect and validate credentials, allowing qualified clinicians to onboard at facilities swiftly and efficiently,” said Chris Franklin, President of LocumTenens.com. “Our commitment to providing access to quality patient care is at the core of our mission, and this investment represents a significant step forward in achieving that goal.”

Ryan Collins, Principal at Noro-Moseley Partners, will join Axuall’s board of directors and stated, “Axuall’s workforce optimization solutions address a top pain point for its customers, offers a sizable and demonstrable ROI, and is a testament to the team’s deep domain expertise with provider-facing technology solutions. Noro-Moseley is excited to invest in and be a part of Axuall’s rapid growth.”

In addition to growing its product, sales, and marketing teams, Axuall will use the capital raised to continue to develop its data partnerships across its network, which today consists of over 6,800 primary data sources. Funding will also be used to accelerate its API integration into the planning, recruiting, credentialing, enrollment, CRM, and electronic medical record systems that healthcare organizations use today.

“The growth we experienced since our inception tells us that being the connector to clinicians and their data is important to the ecosystem of our customers, vendors, and data partners,” stated Charlie Lougheed, Co-founder and CEO of Axuall. “We are humbled and honored by the support from the healthcare community and forward-looking investors as we address this opportunity to improve access to quality care.”

About Axuall

Built with leading healthcare systems, Axuall is a workforce intelligence company powered by a national real-time practitioner data network. The technology enables healthcare systems, staffing firms, telehealth, and health plans to dramatically reduce onboarding and enrollment time while providing robust data insights for network planning, analytics, and reporting. To learn more, visit www.axuall.com or follow Axuall on LinkedIn.

About Noro-Moseley Partners

Noro-Moseley Partners is a growth equity firm backing leading entrepreneurs across the healthcare IT, healthcare services, and B2B software sectors. Since 1983, NMP has invested nearly $1 billion across more than 200 companies, and the managers of NMP’s current fund, Noro-Moseley Partners IX, have more than 60 years collectively of direct growth equity investing experience. Through NMP’s domain expertise, active board participation, and network that includes strategic health plan and hospital system limited partners, the firm aims to support management teams through key inflection points on their company’s growth trajectory.

Media Contact

Laura Hamilton
Senior Marketing Manager
laura.hamilton@axuall.com
217.741.5935

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Lehigh Valley Health Network Selects Axuall to Power its Workforce Analytics & Digital Credentialing

Workforce intelligence technology enables healthcare organizations to apply data and analytics across their clinician population to drive better and faster decisions across human capital management, while reducing onboard delays.

CLEVELAND, March 28, 2023 (GLOBE NEWSWIRE) — Lehigh Valley Health Network (LVHN) has selected Real-Time Clinician Data Network provider Axuall to leverage big data to improve the clinician onboarding process and power workforce intelligence throughout its 13 hospital campuses, numerous health centers, physician practices, rehabilitation locations, ExpressCARE sites and other outpatient care locations in 10 eastern Pennsylvania counties.

Workforce intelligence technology plays a crucial role in ensuring the clinician pipeline runs as efficiently as possible. By providing leading health systems with comprehensive, real-time insight into their current and future clinical workforce, leaders can better navigate the increasing challenges of care logistics such as addressing gaps in access and quality as a result of workforce supply, distributing precious resources more efficiently, and optimizing their care networks.

“Lehigh Valley Health Network is extremely excited to commence our clinician data strategy with Axuall, further focusing on reducing barriers to access and quality through a faster and more robust onboarding process, optimizing workforce analytics and improving the clinician experience,” said Maulik Purohit, MD, MPH, Chief Health Information Officer at LVHN. “With Axuall’s Real-Time Clinician Data Network, LVHN will be able to create powerful data streams and tap into further insights that will directly impact our clinical teams by eliminating inefficiencies and reducing burdens. This partnership is one example of how LVHN is using modern digital infrastructure and data analytics to improve patient care.”

LVHN will use data and analytics from the Axuall Network, comprising more than 6,800 primary sources, to help it achieve its goals of reducing manual data collection credentialing operations and clinician deployment times, as well as create a strategic pathway to fuel clinician recruitment and privileging – all in an effort to fill open roles, meet patient access and safety needs, combat clinician burnout, and achieve financial objectives.

“Workforce optimization has never been more important to delivering quality care, reducing burnout, and achieving cost efficiency in healthcare,” shared Charlie Lougheed, Chief Executive Officer and co-founder of Axuall. “We’re thrilled to partner with LVHN as it puts data to work for its clinicians and administrative teams alike.”

About Axuall

Built with leading healthcare systems, Axuall is a workforce intelligence company powered by a national real-time practitioner data network. The technology enables healthcare systems, staffing firms, telehealth, and health plans to dramatically reduce onboarding and enrollment time while also providing unique, powerful data insights for network planning, analytics and reporting. To learn more, visit www.axuall.com.

About Lehigh Valley Health Network

Lehigh Valley Health Network (LVHN) includes 13 hospital campuses, four in Allentown, two in Bethlehem, one in Easton, one in East Stroudsburg, one in Hazleton, two in Pottsville, one in Dickson City, and one in Lehighton, Pa.; 28 health centers; numerous primary and specialty care physician practices; 20 ExpressCARE locations including the area’s only Children’s ExpressCARE; pharmacy, imaging, home health, rehabilitation and lab services; and preferred provider services through Valley Preferred. Additional information is available by visiting LVHN.org or following LVHN on Facebook, Twitter, LinkedIn and Instagram.

Veteran Healthcare Technology Executive Michael Hawkins Joins Axuall as Chief Technology Officer

CLEVELAND, Jan. 10, 2023 (GLOBE NEWSWIRE) — Clinical Workforce Intelligence Leader Axuall announced today the appointment of veteran healthcare technology executive Michael Hawkins to the position of Chief Technology Officer. With more than 20 years of delivering innovative healthcare technology solutions, Hawkins will put his skills and expertise in software development and team building to considerable use as Axuall continues to identify and strategize innovative approaches to existing challenges in the various market segments it serves.

“Michael is an outstanding technology leader with a record of continuous success working in the healthcare SaaS industry, building world-class technology teams and leading the development of powerful and intelligent solutions for high growth organizations,” said Charlie Lougheed, CEO and co-founder of Axuall. “I am thrilled to welcome Michael as Chief Technology Officer, as we continue to deliver on the power of using data and analytics for workforce optimization.”

Hawkins brings industry-leading experience, having led major industry technology innovation as CTO of Patient Discovery, CTO of Vivify (Optum), and VP of Development at MEDHOST. With a career spanning decades, he has successfully launched, scaled, and implemented disruptive healthcare technology solutions nationwide.


“With my passion for building solutions for complex workflows, I am excited to be joining the Axuall team and their mission of delivering workforce intelligence to leading healthcare systems,” shared Hawkins. “I look forward to working with such a talented team to expand Axuall’s real-time Clinician Data network and continue to enhance the SaaS and API platform for customers and partners.”

About Axuall

Built with leading healthcare systems, Axuall is a workforce intelligence company powered by a national real-time practitioner data network. The technology enables healthcare systems, staffing firms, telehealth, and health plans to dramatically reduce onboarding and enrollment time while also providing unique, powerful data insights for network planning, analytics and reporting. To learn more, visit www.axuall.com.

Contact Information:
Laura Hamilton
laura.hamilton@axuall.com

Axuall Announces Expansion of Digital Credential Network to Include Nursing

Built and sponsored by 26 leading healthcare systems, Axuall is combating healthcare’s #1 challenge: Workforce Optimization. Expansion now provides coverage for more than 5 million clinicians nationwide, including Physicians, Advanced Practice Providers and Nurses!

Nursing is the nation’s largest healthcare profession, with more than 3.8 million Registered Nurses (RN) nationwide. Although considered the backbone to providing quality care and meeting patient demand, the nursing community is left with an ongoing crisis:

  • An aging population is increasing the demand of patient care
  • A generation of nurses are retiring
  • The current credentialing and onboarding process is taking months to backfill and deploy positions
  • Skyrocketing labor costs

Axuall is a workforce intelligence company powered by a national real-time practitioner data network. The technology enables healthcare systems, staffing firms, telehealth, and health plans to dramatically reduce onboarding and enrollment time while also providing unique, powerful data insights for network planning, analytics and reporting.

NOMS Healthcare Proactively Selects Axuall to Optimize Workforce Management

Clinical workforce intelligence leader Axuall will leverage real-time data and verifications to optimize and rapidly onboard NOMS Healthcare clinicians.

CLEVELAND, Nov. 15, 2022 (GLOBE NEWSWIRE) — Axuall announced today that NOMS Healthcare, Northern Ohio’s largest independent multi-specialty physician practice, has selected Axuall to optimize its workforce management. Using data and analytics, Axuall and NOMS will create powerful data streams and insights that will eliminate inefficiencies, reduce burnout, increase patient access, and enable more efficient onboarding and deployment of clinical staff through Axuall’s Real-Time Clinician Data Network.

Workforce intelligence technology is allowing healthcare organizations to apply data and analytics across their employee populations to drive better and faster decisions across human capital management. As organizations struggle to fill roles, combat clinician burnout, meet patient demand and achieve their financial objectives, workforce intelligence technology can play a crucial role in ensuring that the workforce supply chain is running as efficiently as possible. Taking a proactive step by implementing Axuall’s workforce intelligence solution, NOMS Healthcare will have the ability to lean on real-time data to identify gaps in their workforce, allocate all of their resources more proficiently and enhance their networks in the future.

“We’re excited to work with NOMS Healthcare as they leverage our data network and automation technology to optimize and grow their workforce,” shared Charlie Lougheed, Chief Executive Officer and co-founder of Axuall. “Giving clinicians better visibility and control over their digital career credentials while data-enabling healthcare organizations to safely streamline their deployment is critical to meeting patient demand.”

“We are excited to partner with Axuall to assist us in streamlining our provider credentialing process,” shared Rick Schneider, NOMS Healthcare Chief Strategic Officer. “This relationship will help us create efficiencies and ultimately ensure our patients receive care as quickly as possible.”

About Axuall

Built with leading healthcare systems, Axuall is a workforce intelligence company powered by a national real-time practitioner data network. The technology enables healthcare systems, staffing firms, telehealth, and health plans to dramatically reduce onboarding and enrollment time while also providing unique, powerful data insights for network planning, analytics and reporting. To learn more, visit www.axuall.com.

About NOMS Healthcare

NOMS Healthcare (Northern Ohio Medical Specialists) is an independent physician-led, physician-owned multi-specialty group with over 300 providers across Northern Ohio and Western Pennsylvania. Founded in 2001, the independent collaborative is considered one of the nation’s most progressive leaders in the quest to effectuate reform of the country’s antiquated healthcare system. Established with a mission to provide patients with the best possible outcomes at the lowest possible costs, NOMS is in hyper-growth mode as physicians and health systems are eager to partner with NOMS’ cutting-edge ranks. NOMS providers practice in over 30 specialties with emphasis on collaborating with patients to provide the most advanced treatments and highest quality care.

Contact Information:

Axuall:

Laura Hamilton

laura.hamilton@axuall.com

NOMS Healthcare:

Nicole McFee

nmcfee@nomshealthcare.com

Purpose Jobs Recognizes Axuall as Best Place to Work in 2023

Detroit, MI – Purpose Jobs, the Midwest’s largest startup and tech community, today announced Axuall to its list of best places to work in Midwest tech in 2023. The list covered companies headquartered and hiring in the following cities and remote: Ann Arbor, Chicago, Columbus, Cincinnati, Detroit, Grand Rapids, Cleveland and more.

“We are thrilled to be included on Purpose Jobs’ list of the Best Places to Work in 2023,” said Charlie Lougheed, Chief Executive Officer and co-founder of Axuall. “Our people matter just as much as our mission; they’re why this is a great place to work. They remind me every day why our work together is so important.”

Companies across the Midwest region (and those hiring in the Midwest) were evaluated based on culture, benefits, growth opportunities, commitment to people, and mission.

With the rise of inflation, economic uncertainty and layoffs across the board, the job market has been turbulent and making people rethink their careers and purpose. Professionals are reprioritizing what’s important to them in a job and a lot of it has nothing to do with the job itself. They’re looking for great cultures, growth opportunities, flexibility, and the chance to work in a purpose-driven environment.

In fact, according to a new study from the American Psychological Association, 81% of individuals surveyed said they will be looking for workplaces that support mental health when they seek future job opportunities.

“Great workplaces are built on great cultures,” said Ryan Landau, founder and CEO of Purpose Jobs. “Top talent across the country and beyond are looking for purpose-driven organizations that put their people first and make building a healthy culture a priority. That’s what it means to be a best place to work.”

About Purpose Jobs

Purpose Jobs is the Midwest’s largest startup and tech community. They connect top talent with purpose-driven companies based on values, experience and culture contribution. Purpose Jobs creates a human-first approach to job matching where employers have access to interview-ready candidates who have filled out a profile that highlights skills, experience, and cultural importance.

About Axuall

Built with leading healthcare systems, Axuall is a workforce intelligence company powered by a national real-time practitioner data network. The technology enables healthcare systems, staffing firms, telehealth, and health plans to dramatically reduce onboarding and enrollment time while also providing unique, powerful data insights for network planning, analytics and reporting. To learn more, visit www.axuall.com.

Axuall Appoints Seasoned Healthcare Business Developer Mike Bechtel as SVP of Commercial Growth

CLEVELAND, Nov. 01, 2022 (GLOBE NEWSWIRE) — Axuall, Inc. announced today that it has appointed seasoned healthcare technology executive and business developer Mike Bechtel as Senior Vice President of Commercial Growth. Bechtel, a well-respected expert in the patient and member engagement, data analytics, and digital identity management space, will be responsible for Axuall’s end-to-end commercial and collaborative development approach with clients and stakeholders across various market segments.

“As revenue leakage, and clinician shortages persist and deepen, modernizing the onboarding and enrollment processes, as well as empowering existing resources by optimizing and managing clinical workforce data and analytics is vital,” shared Bechtel. “I’m thrilled to be joining Charlie and the stellar team at Axuall to solve such critical challenges that plague our healthcare organizations today with a truly unique approach.”

After beginning his career in hospital administration, Bechtel transitioned into the healthcare technology sector and has held leadership positions in sales, strategy, account management, and client services for more than 20 years with companies including Emmi Solutions, Explorys (IBM), and Oneview Healthcare. Most recently, he served as Vice President of Healthcare and Insurance at Prove – an industry leading digital identity authentication network – where he managed a team of enterprise sales directors and led the go-to-market strategy efforts for both the Healthcare and Insurance industry verticals. This included industry product alignment, market messaging, segmentation and sales and channel partner strategy.

“It’s great to be working with Mike again as we scale our national commercial footprint,” stated Charlie Lougheed, Chief Executive Officer and co-founder of Axuall. “We’re excited to put Mike’s experience and track recording to work in helping to solve one of the biggest challenges in enterprise healthcare – workforce optimization.”

About Axuall

Built with leading healthcare systems, Axuall is a workforce intelligence company powered by a national real-time practitioner data network. The technology enables healthcare systems, staffing firms, telehealth, and health plans to dramatically reduce onboarding and enrollment time while also providing unique, powerful data insights for network planning, analytics and reporting. To learn more, visit www.axuall.com.

Contact Information:

Laura Hamilton
laura.hamilton@axuall.com

Webinar: Optimizing Workforce Management through Data and Analytics

Addressing workforce challenges is difficult work and requires us to think differently. As health systems continue to make progress on multiple strategies, workforce intelligence will supply executives with the data they need to back up creative solutions to create a sustainable workforce.

Axuall CEO Charlie Lougheed joins The Academy and a lively panel discussion to share how data powers strategic workforce planning and will shape how health systems address current and future workforce challenges.

Panelists:

Heather Brace, SVP, Chief People Officer, Intermountain Healthcare

Jon Frampton, SVP Total Rewards & Operations, Baylor Scott & White Health

Charlie Lougheed, CEO, Axuall

Moderator: Chelsea Redman, Associate Director, Research & Advisory, The Health Management Academy

Date: October 12, 2022

View Recording Now

3 Ways Workforce Intelligence Solutions Will Deliver Long-Term Rewards

While companies are powering most of their HR functions through technology, many are yet to implement workforce intelligence solutions to manage human capital. Charlie Lougheed, CEO & co-founder, Axuall, explains three reasons companies leveraging this technology will reap the benefits.

Nearly every function across human resources today is being powered by technology, whether recruitment, payroll, performance management, or employee engagement, just to name a few. Despite these advancements helping to optimize each individual task, most companies have yet to adopt one of the most meaningful solutions that enable leaders to better manage their most important asset, human capital, in a broader way: workforce intelligence.

Click here to read more.

New Study: Optimizing Workforce Management Through Data and Analytics

Insights from Leading Health Systems on Workforce Intelligence Solutions

The Health Management Academy (The Academy) has released a new study, sponsored by Axuall, detailing various insights from leading health systems on workforce intelligence solutions. Below are some key findings:

Addressing workforce challenges requires reassessing the existing talent management model: Exacerbated by the COVID-19 pandemic and long-term trends, total employment in the industry has declined, with 30% of LHS reporting reduction in job applications and record levels of provider burnout. Yet misaligned strategic workforce planning, old school hiring methods, and limited internal mobility opportunities impede employee recruitment and retention.

Workforce intelligence powers strategic workforce plans: Strategic workforce planning is growing across healthcare, with 45% of health systems having an active workforce strategy to proactively manage current and future workforce needs. LHS can use insights from workforce intelligence—data and artificial intelligence-powered solutions—to address workforce challenges.

Investing in workforce data and analytics helps LHS move forward: Leveraging myriad of data sources enables leaders to spot trends and analyze performance, shifting workforce planning from an annual endeavor to one that is integrated into the culture and operating model of the organization. New analytics and technology can also streamline data mining and analysis. Evaluating partnerships can bring in the right technology investments to drive workforce intelligence at scale.

The Academy’s take: Addressing workforce challenges is difficult work. Simply put—we can do more than we think. As health systems continue to make progress, workforce intelligence will supply executives with the data they need to back up creative solutions to create a sustainable workforce.

To read the report in full detail, please download it below: