London-based TERN Group, an AI clinical workforce platform, has raised €20 million in Series A funding. Notion Capital led the round. This brings TERN Group's total funding to €28.2 million.
Founded in 2023, TERN Group develops a global talent mobility platform. It helps healthcare providers hire staff faster and more compliantly. The platform addresses a predicted 18 million worker shortfall in the global healthcare industry by 2030. Hospitals often rely on expensive locums, straining budgets.
TERN Group combines AI-driven workflows with human support for training and relocation. This approach cuts time-to-hire by 60% and reduces costs by three times compared to locum-heavy models. It also improves productivity by 15-20%. The AI clinical workforce system ensures a 96% candidate retention rate.
TERN Group Expands AI Clinical Workforce Solutions
The new capital will expand TERN Group's UK operations and deepen NHS Trust partnerships. It will also accelerate development of its AI clinical workforce platform. This includes compliance automation, workforce planning, and system integrations. The company will further invest in international talent preparation.
TERN Group currently serves over 100 global healthcare clients, including 18 UK NHS trusts. The company expanded into six core markets this past year: Germany, UK, UAE, KSA, Japan, and USA. More than 650,000 professionals from 13 countries utilize the AI clinical workforce platform. This platform offers transparent information and direct roles, similar to how HealthRoster AI optimizes staffing.
The platform streamlines international recruitment, a process often slow and bureaucratic. This efficiency contrasts with traditional methods. Other players like MedRecruit Solutions also aim to modernize recruitment, but TERN Group provides a robust healthcare technology solution.
TERN Group's system ensures professionals arrive ready and stay long-term. This focus on retention is crucial for sustainable staffing. The company leverages artificial intelligence to achieve these outcomes, setting a new standard for the AI clinical workforce. This investment marks a significant moment for startup funding in the healthtech sector.
