- Patchwork is a marketplace that connects healthcare workers with vacant shifts at hospitals.
- The startup was founded by two junior doctors who say they struggled to maintain a work-life balance working for the UK's NHS.
- The UK's healthcare system spent £2.4 billion on staffing agencies in one year to help fill staffing gaps - with doctors increasingly moving away from full-time work.
- We got an exclusive look at the pitch deck they used to raise $4 million in cash.
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Patchwork, the startup working to improve staffing issues in the UK's healthcare system, has just raised £3 million ($4 million) in a funding round led by Praetura Ventures.
Founded in 2016 by junior doctors Jing Ouyang and Anas Nader, Patchwork helps the NHS deliver savings by filling vacant clinician shifts more efficiently. Patchwork is a marketplace, connecting healthcare workers signed up to the platform with empty shifts.
In 2018, the health service spent £2.4 billion on staffing agencies to help fill staffing gaps.
By offering NHS Trusts tailored online portals and clinicians a simple "hassle-free" app, Patchwork says it can dramatically drive up the number of medics booking shifts directly with their hospitals. At present, over 10,000 clinicians are using the app across more than 30 hospitals.
"We're so proud of how widely our technology has already been embraced across the NHS and the impact we're having on the lives of thousands of clinicians," said Nader.
In one example, Chelsea & Westminster Hospital in London saw 90% of shifts filled where staff had been signed up to the Patchwork app. That was almost triple the previous high (35%) from when the hospital used legacy systems. It saved the hospital around £1.2 million for the year.
Take a look at their pitch deck exclusively below: