Locum’s Nest, the mobile app that aims to bridge the gap between hospital staff requirement and the available doctors raises £3m fund. The app receives the investment from Albion Capital Group and IDO investments in the final round of funding. The latest investment takes the total funding amount of the company up to £ 4.3m.
The app creates a network to connect the locally available doctors for locum work in the hospitals. With its service, the app helps the doctors to get temporary work at the hospitals on the basis of requirements. The app charges a minimal amount for handling the admin and filling the posted requirement. This helps the healthcare organizations in saving a large amount of money spent on middleman and brokers.
Locum’s Nest was founded by Nicholas Andreou and Ahmed Shahrabani, both are the former NHS doctors. The company also shares that NHS paid agencies for providing the doctors on shift basis charged £ 235m last year. During the press release, the founders mentioned the app could save a huge amount of investment in hiring people for locum work.
“We are truly delighted that Albion Capital and IDO have combined to invest in the next stage of our growth. Albion Capital understands digital health and how health care can be transformed through technologies such as ours. They realized the huge potential of Locum’s Nest supporting Locum’s Nest with start-up funding in June last year,” said Nicholas Andreou.
He also added that by now, Locum’s Nest has successfully connected 40,000 doctors across 15 NHS hospitals and 100 GP practices. Besides, the app is helping the patient with the urgent need to get help on time. The company will use the funded money in enhancing its service and expanding its network for the patients.