health
Stepful raises $55M to train healthcare workers with AI
America’s hospitals are spending around $97bn a year renting staff they cannot train fast enough. Stepful thinks AI can fix the supply side, and investors have just handed it $55mn to try.
TL;DR
- Hospitals spend approximately $97 billion annually on temporary staff due to insufficient training capacity.
- Stepful offers an AI-assisted online training platform, described as 'school-as-a-service,' to prepare healthcare workers.
- The company has trained over 32,000 workers and serves more than 35 health systems, including Mount Sinai, Ochsner, and Providence.
- Stepful's model provides employer-sponsored, debt-free training, potentially enabling individuals to transition into six-figure healthcare jobs.
- The new $55 million funding will support expansion into advanced programs like registered nursing and respiratory therapy, and further AI development.
- Investors see Stepful's employer-focused model, tied to measurable outcomes like certification and job retention, as a strong business proposition in the AI healthtech sector.