RediLearning, a Florida startup that delivers continuing education coursework online to nurses, therapists and other senior care health workers closed a $1.75 million round of funding from angel investors, SEC filings revealed today.
The chief executive and co-founder of RediLearning, Michael Hemlepp, said that the company would use the capital to “Create additional content and features for our proprietary learning management system, and hire at least ten more employees over the next year.” The company has 20 full-time employees today. Its courses are Flash-based, currently.
Investors in RediLearning hail from the fields of health care IT and finance, and have funded several other early stage startups, the CEO said (though the investors declined to be named). RediLearning’s customers are major chains and operators of nursing homes, assisted living facilities, home health, hospice and rehabilitation centers that have employees in all fifty states.
Hemlepp said his customers use RediLearning primarily because “It organizes all of the regulations that they have to deal with to maintain compliance, and makes sure all of the appropriate, accredited training coursework is assigned to the appropriate staff member. The system then automatically reports back to human resources, which really helps these companies play defense, or stay within the regulations.” The senior health care market is highly regulated nationally and differs state to state.
The average RediLearning customer, the company claims, will save two-thirds of the money they’d otherwise spend on regulated healthcare compliance training. These training costs typically represent the largest line item after payroll and benefits for senior health care companies.