OnShift is a Cleveland, Ohio-based developer of human capital management software for the long-term, post-acute care market. Santa Monica-based private equity investor Clearlake Capital led a strategic funding round in the company. Financial details of the strategic investment were not disclosed in the article. The provided article text is behind a paywall and cuts off before OnShift's full statement on the funding. No operating metrics, valuation, or use-of-proceeds were included in the available text. OnShift is a Cleveland, OH-based provider of cloud-based human capital management software and services for the healthcare industry. Led by CEO Mark Woodka, the company offers products for hiring, scheduling and workforce analysis tailored to post-acute care and senior living providers. Its offerings combine software and services to support hiring, workforce scheduling and analysis. Clients named in the article include Senior Living Communities, HCF Management, Altercare and Friendship Village. OnShift closed an $18M Series D and intends to use the funds to expand product development and accelerate sales and marketing. OnShift offers SaaS and mobile staff scheduling and labor management software designed for long-term care and senior living providers. Its platform predicts and prevents overtime and understaffing, reduces time spent on scheduling and managing open shifts, and integrates with time-keeping, HR, clinical, and payroll systems. The company reports growth to over 1,000 customer sites in the past year. Market demand has been driven by Medicare and Medicaid reimbursement cuts, Affordable Care Act changes, and an aging population, which have increased provider focus on labor costs. OnShift plans to use new financing to accelerate research and development and expand sales and marketing to increase its presence in the healthcare market. Management positions the product as an easy-to-use scheduling solution with a tightly integrated communications platform that delivers fast ROI. OnShift develops web-based staff scheduling and shift management software for long-term care and senior living providers. Led by CEO Mark Woodka and based in Cleveland, OH, the product integrates with time-keeping, HR, clinical and payroll systems. It helps customers control labor costs by preventing overtime, managing open shifts and maintaining appropriate staffing levels. The software predicts and prevents overtime and understaffing while dramatically reducing time spent on scheduling and managing open shifts. The company plans to use new capital to accelerate sales and marketing and expand its presence in the healthcare industry. OnShift offers web-based staff scheduling and shift management software for long-term care companies and other healthcare organizations. Its platform is designed to reduce labor costs by preventing overtime, mitigate regulatory compliance risk, and improve efficiencies through automated scheduling and open shift management. The company is Cleveland, Ohio–based and serves healthcare employers seeking to optimize workforce scheduling. OnShift closed a $2.3M venture capital financing to support its growth. The company intends to use the funds to accelerate sales and marketing efforts and increase its market share in the healthcare industry. In conjunction with the funding, Michael Stubler of Draper Triangle Ventures will join OnShift’s Board of Directors.

Total raised

$30M

Funding rounds

5

Latest round

Series D

Latest activity

Apr 2016