Praos Health Launches In Texas
An Innovative Solution to Address the Nursing Shortage
AUSTIN, Texas, Sept. 26, 2017 /PRNewswire/ -- Austin, Texas-based Praos Health Inc. announces the launch of their revolutionary platform to connect hospitals, nursing homes, and home health agencies directly with nurses to staff shifts: anytime, anywhere.
Praos was developed to meet an identified need — matching qualified and vetted nurses looking for more flexible schedules with hospitals in need of staffing to cover open shifts. By connecting them directly without an intermediary and empowering nurses to work when they want and where they want, Praos Health offers a novel solution to address the nursing shortage.
The nursing shortage has created a boon for staffing agencies — a $12 billion industry growing at over 7% annually, characterized by significant rate markups. This growth comes at the expense of hospitals, which are increasingly faced with mounting labor costs.
Praos Health leverages the mobile, on-demand delivery approach pioneered by companies in the rideshare industry to automate, manage, and complete the shift fulfillment process. That includes the management of everything from background checks to ongoing license verification, credential management, and workflow automation. These tools allow facilities to select, orient, schedule, supervise, and pay nurses, all while adhering to regulatory and Joint Commission human resource guidelines.
Praos Health's mobile app and web-based platform help healthcare organizations manage their internal per diem (PRN) pool. They also empower those organizations to flexibly expand to an external network of vetted and qualified nurses (also known as the Praos marketplace) using a single platform. Healthcare facilities save time and money by expanding resource availability for incremental staffing due to increased patient census, higher case acuity, and last-minute sick calls and vacancies.
Founder and CEO Rohini Bochaton states, "There are many possible solutions to the looming nursing shortage. We are looking at the problem through an innovative lens. We hope to engage internal and external local talent and those who have 'opted out' of permanent jobs (which have a 32% churn rate in the first two years). Praos makes it easier for nurses to stay connected and credentialed via continuing education courses, online resources, and a choice of facilities offering shifts that they can choose from, at times and locations that fit their lifestyle."
Praos Health has been working with partner organizations in Central Texas, successfully connecting marketplace nurses just in time and offering savings of up to 45% compared to agency fees — all while helping to better manage internal per diem pools across multiple locations. The service is now launching throughout the state of Texas.
About Praos Health
Praos is an ancient Greek term that means "balance of power." Praos Health is transforming healthcare contingent staffing through balance and transparency. To learn more about Praos, visit PraosHealth.com or call 855.667.7267.
SOURCE Praos Health Inc.
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