Fintech
Overture Announces the Launch of Their Healthcare Platform to Address the US Nursing Shortage
Atlanta, Georgia–(Newsfile Corp. – July 14, 2022) – Overture is excited to announce a one-of-a-kind healthcare platform and system that drastically improves the nursing shortage in the United States. The nursing shortage in the US was prevalent long before the pandemic hit, but it was nowhere near as widespread as it is today. During the pandemic, nurse burnout, stress, and workplace overload collided with true nursing passion. The nursing profession has had a difficult go in recent years, and as a result, more nurses are leaving the field, retiring, and finding better work and life balance elsewhere. With its innovative technology platform, Overture is aiming to reduce the disparity of nursing shortages by bringing healthcare providers and nurses together under a new paradigm.
Pre-pandemic, the U.S Bureau of Labor projected the need for 1.1 million new RNs for expansion and replacement of retirees to avoid nursing shortages by 2022.
Today, the US is still far from meeting that original forecasted need for nurses and the reality is that a much greater shortfall exists than what was projected then. Burnout, stress, workplace overload, and a lack of educators at the college level all amount to today’s shortfall being close to double that projection.
A large number of US hospitals now have limited nursing staff to care for their patients, causing them to be unable to fill their hospital beds. In addition, hospital top line revenues have been negatively affected by the nursing shortage. As a result of this shortage, third-party temp and per diem agencies are taking advantage of healthcare providers by charging extremely high hourly rates, sometimes over three times the normal rates.
With the number of nurses dramatically declining, revenues are decreasing, expenses are rising, and are all putting pressure on patient care. Solutions to date have not been effective or scalable.
Operating with a slogan directed to nurses to “balance your lifestyle with your work style,” and a clear message to healthcare providers to “reduce your operating costs while gaining maximum shift coverage,” Overture is ready to solve many aspects of these problems.
Rich Rosenzweig, Founder of Overture, says, “We must address the root causes of the current nursing shortage first. We have to greatly reduce what is causing burnout, reduce stress, and give our nurses a much better lifestyle and work style balance. We need to adopt this paradigm and introduce it into every aspect of a nurse’s career starting as early as our nursing school and college education system.”
“From there, we need to work with our healthcare providers to ensure that there can be enough nurses to cover their shift requirements if they are willing to embrace the new reality of a lifestyle and work style balance, and the flexibility nurses are looking for. A signing bonus as a solution is a nice thing, but it doesn’t address the root cause of the problem,” says Rosenzweig, “a signing bonus is a band-aid with a short-term effect.”
Rosenzweig says “In Baltimore, Chicago, Atlanta, and five major cities in Texas, we already have hundreds of qualified candidates with profiles created in the Overture system who are ready to start working under the umbrella of a lifestyle and workstyle balance. By participating in our program, employers gain a significant advantage: By joining us, healthcare employers can confidently fill their shifts well into the future with exceptionally qualified nurses who are passionate about patient care but need a better work-life balance.”
Currently, the Overture group of nurses is growing at a rate equal to 4,000 per month. From this group, healthcare employers can express interest and arrange interviews through the Overture process resulting in an ’employer authorization’ given to the nurse. Open shifts posted in Overture are instantly presented to those authorized nurses and are immediately ‘claimed’, all through the Overture app. GPS-tracking (think Uber) turns on prior to the start of the shift and allows healthcare providers to see that nurses that have claimed upcoming shifts are on time and in the right place. Checking in and out, shift performance rating, and a seamless operating system managing it all are just a few of the healthcare employer benefits, not to mention a strong reduction in operating costs for the employer.
Nurses gain many benefits, including higher hourly rates, working at the facilities of their choice, and claiming their choice of shifts, which provides a much better life and work balance. Upon completion of their shift, nurses are paid in as little as 24 hours.
By addressing the pain points of both healthcare employers and nurses, the Overture system allows healthcare facilities to bring on verified and professional nurses with ease and helps to eliminate frustration and burnout in the nursing community by providing this flexibility. By ensuring qualified staff are on board and ready to care for patients 24/7, Overture helps to ensure that patients receive the best care possible.
Overture is neither a staffing nor a per diem agency. Overture is a system and a process adopted by the healthcare provider with the Overture team behind it providing support and service
As a fully cloud-based HIPAA-compliant provider, Overture offers state-of-the-art functionality and ease-of-use both on laptops, desktops, as well as on their proprietary app, which is the hub of the system.
Overture keeps patient care the focus of healthcare employers by ensuring that the nursing resource is available and affordable. It also ensures that the disheartened nurse population receives much-deserved recognition, higher pay rates, shift and facility control, and a chance to establish a healthy lifestyle and work style balance. In this way, Overture is addressing the root causes of the nursing shortage.
With decades of experience building adaptive and paradigm-changing processes in the healthcare arena, Rosenzweig has taken on solving the nursing shortage problem in the United States with this platform and process.
About Overture
By utilizing a cloud-based and HIPAA-compliant system that enables state-of-the-art functionality, Overture keeps patient care at the center of healthcare employers’ priorities by ensuring that nursing resources are available, and the costs associated with obtaining those resources are much more affordable than what they are paying third-party agencies today. Furthermore, Overture aids the disheartened nurse population to achieve their well-deserved recognition, higher pay rates, shift and facility control, and a chance to establish a healthier lifestyle.
Using Overture, healthcare facilities can easily vet potential candidates while attracting more candidates back to or joining the nursing profession in the US. Due to Overture’s full shift nursing coverage, Healthcare providers enjoy tremendous benefits in terms of reducing operating costs and increasing top-line revenues.
The team at Overture includes: Rich Rosenzweig (Founder), Sunthar Tharma (Engineering), Dr. Vafa Shayani (Chief Medical Officer-Healthcare), and Dr. Sunny Patel, (Chief Medical Officer- Dentistry) along with a very talented group of seasoned engineers, business development individuals, client services, onboarding, and training staff.
For more information:
Website: https://overturexl.com/
E-mail: [email protected]
Phone Number: 470-358-5781
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130928
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
The post Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets appeared first on .
Fintech is on an accelerated trajectory of investment, collaboration, and innovation. This pulse tracks the most significant developments in the sector, from high-profile investments to global platform expansions. Each update in this briefing serves as a key indicator of where the industry is headed.
1. European Fintechs Face Regulatory Pressures Amid New Investment Surge
The European fintech sector finds itself at a crossroads with increasing scrutiny and rising costs due to stringent regulations. While investments continue to flow into the continent’s financial technology companies, challenges in meeting new compliance requirements, especially around data privacy and cybersecurity, create a complex landscape for scaling. This tension between opportunity and operational limitations might affect European fintechs’ growth strategies.
Source: Financial Times
2. Shopify, Slack Founders Join Peter Thiel in Fintech Investment Push
Tobi Lütke of Shopify and Stewart Butterfield of Slack, along with investor Peter Thiel, have co-invested in a new fintech initiative that aims to bolster small business access to capital. By merging technology with a streamlined funding model, this new initiative targets underserved SMBs, highlighting a broader trend of high-profile tech leaders pivoting to fintech investment. The participation of Lütke and Butterfield signals increased cross-sector collaboration in fintech, bringing expertise from e-commerce and communication technology into the financial arena.
Source: Yahoo Finance
3. Lean Technologies Raises $67.5 Million to Drive Fintech Innovation in the Middle East
Riyadh-based fintech platform Lean Technologies recently secured a $67.5 million Series B investment round, aiming to expand its operations across the Middle East. This funding reflects growing investor interest in emerging markets and the potential of Middle Eastern fintech to bridge regional gaps in financial services access. As Lean Technologies broadens its service offerings, the funding will support further technological integration and scalability across financial ecosystems in the region.
Source: Fintech Global
4. Apollo Global Management Invests in Fintech for Private Offerings Support
Apollo Global Management has taken steps to enhance its services for private offerings by investing in specialized fintech solutions. This development signifies a growing trend among private equity firms to adopt fintech as a core component in their service expansion, particularly for personalized client services. Apollo’s strategy of integrating fintech solutions into private offerings marks a strategic shift toward digitalization within traditional financial sectors.
Source: Bloomberg
5. Juniper Research Names 2025’s Future Leaders in Fintech
Juniper Research has revealed its picks for the top future leaders in fintech for 2025. This list emphasizes innovation in fields such as AI, open banking, and decentralized finance, highlighting startups that exhibit potential for reshaping industry standards. As these up-and-coming firms push the boundaries of traditional finance, they exemplify the rising tide of next-generation financial technology poised to become industry mainstays.
Source: Globe Newswire
Conclusion
The convergence of seasoned tech giants with fintech, new funding rounds for region-specific platforms, and the rise of future industry leaders underscore the momentum of the fintech sector. Each of these stories reflects a broader narrative: fintech is not only diversifying in services but also rapidly integrating into traditional finance and tech, paving the way for a transformative era.
The post Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation appeared first on HIPTHER Alerts.
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