Workforce management in real-time for healthcare industries

Security Type
Convertible Note
Min Investment
Stillwater, MN
Offering Date
November 18, 2020
Expected Close Date
February 05, 2021
Target Raise
Deal Notes

Discount: 20.0%

Interest: 10.0%

Note Term: 36 months

Company Description

Workforce management in real-time for healthcare industriesAny episode of Grey's Anatomy demonstrates the complexity of giving good patient care. Coordinators of any health care facility need the right person with the  right skills  at the  right place  at the right time. ShiftPosts’ workforce management platform aims to make this simpler than ordering an Uber. Planning and scheduling is intuitive, the tools are not. ShiftPosts changes that.With ShiftPosts, all schedules, gaps, and talent needs are viewed from one screen. The deep knowledge required to pair talent with locations is captured in one view, allowing coordinators to point & click people into place. It’s like baseball and free-agents: everyone knows the position they play and where they can pinch hit, but given the coordinators' needs, they may be playing for a different team tomorrow.When you manage the permanent, part-time, and occasional workforce from one view, scheduling is simplified. Publishing a schedule and accepting changes can be done without hesitation because you can always see who is available, on vacation, missing  qualifications, over the overtime threshold, etc. In fact, you can inventory skills and determine what talent you have versus what's needed. Today, schedulers employ several inadequate tools like custom spreadsheets, accounting platforms, or simple platforms like “When I work”.  Spreadsheets are what coordinators know, and accounting  platforms are used because labor is typically 50% of overhead and overtime needs controlling.Healthcare employment has hard-line rules on credentials, infractions, geography and identity. ShiftPosts allows this information to be recorded in a framework that provides verifiable proof-of-work history, credentials, and infractions - available in real-time. When you post shifts with ShiftPosts, scheduling goes from days to minutes, eliminating a huge burden in healthcare operations.

Key Deal Facts

In our first year of operations, signed contract with largest Rx retailer in Canada (direct access to 25% of Canada pharmacy market)
Monthly revenue grew 60% from May to June 2020, and is up 80% from July to August 2020 (unaudited), growing during and after the economic slowdown due to the pandemic
Our existing investor community represents significant health-care concerns and healthcare leaders in the US
ShiftPosts current users are from many of the major Rx networks in Canada
ShiftPosts is applicable across industries, where anyone needs a specific skill in the right place at the right time

Use of Proceeds

  • Software Development
  • Staff
  • Marketing & Sales

Management Team / Advisory Board Bios

Elizabeth Cooper
Leading the charge

Dave McLean
Keeps accounting, legal, and financing matters moving forward

Bartek Jach
Product Manager and Marketing
Supports daily operations and the marketing strategy of the company

David Beynon
Product Manager and Daily Ops
Helps manage business development and daily operations

Deal Notes

Discount: 20.0%

Interest: 10.0%

Note Term: 36 months

Amount Raised : $2,414,757
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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