Florence Healthcare is an American company that specializes in providing a clinical trials platform for connecting study sites and pharmaceutical companies for decentralized trials for the development of drugs. The company has been around for a while and is supported by its private investors. Florence Healthcare made recent business news with a new infusion of funding to advance it into its next phase of development. If you're not yet familiar with this company, here are twenty things you probably didn't know about Florence Healthcare.
1. Florence Healthcare is an established company
Florence Healthcare is one of the newer healthcare companies, but it's been around for eight years as of 2022. The company opened its doors for business in 2014, according to Crunchbase. The headquarters is in Atlanta, Georgia.
2. Florence Healthcare works across three industries
Florence Healthcare delivers a platform for connecting pharmaceutical and research sites with functions listed across three industries. It is in the Biotechnology arena, Pharmaceutical, and Health Care. The services and software solutions provided by Florence Healthcare streamline processes for its clients with connections to industry sponsors that save time and money. It offers an array of services for all parties involved in clinical workflows.
3. Florence Healthcare's website is powered by a complicated array of technologies
The Florence Healthcare website uses a complex assortment of technologies to ensure that all visitors and website users enjoy a smooth and seamless experience. The site requires seventy-seven technologies to create a smooth flow. These technologies are distributed across thirty-three technology products and services. Some of them include Viewport Meta, SPF, iPhone Mobile Compatible to ensure mobile access to the site, HTML5, jQuery, Google Analytics, and dozens more.
4. Florence Healthcare spends $89.9 on IT per year
The annual budget for Florence Healthcare's IT expenses is estimated at $89.9K for 2022. The high amount of this line item is the expense of doing business. Tens of thousands get spent annually to pay for the fees and subscription costs for powering its official website and providing client services.
5. Florence Healthcare maintains uniqueness within the biotech industry
Florence Healthcare stands out from the crowd of biotech companies. The business has secured two registered trademarks in the scientific and technological services categories. Securing the intellectual properties ensures that none of its competitors can legally use any of the protected properties, or copy them without express written permission. The trademarked properties help Florence Healthcare to provide unique products and services that are not available in similar formats through any other providers.
6. Florence Healthcare has a moderate traffic volume with a dip in the number of monthly visits
The analytics report for the Florence Healthcare website shows that over the past thirty days, the number of monthly visits to the site has decreased by 73.82 percent. the recent dip in the number of website visits is no reason for concern, but the data is useful in helping marketers and planners plot the peak and low periods of activity for the site and the company. It also shows them where there may be a need for additional efforts in the marketing department. The Florence Healthcare website is ranked number 1,652,438 of the millions of websites registered on the world wide web.
7. Florence Healthcare is the most popular in the United States
The data provided for the Florence Healthcare website shows that over the past thirty days, the number of monthly visits to the site came mostly from people living in the United States. ninety-two percent of the web traffic is from that country. Two percent of the visitors were from India, showing a 21.9 percent increase in visits from that country. Two percent of the visitors are from Canada, One percent are from Ukraine, and one percent are from Israel.
8. Florence Healthcare has a core executive leadership team
The executive leadership team listed for Florence Healthcare has eight members. Ryan Jones is a co-founder and chief executive officer. Andres Garcia is a co-founder and chief technology officer. Cooper Anderson is the chief financial officer. Catherine Gregor is the chief clinical trial officer. The executive leadership team is supported by several other executives and managers.
9. Florence Healthcare has a board of directors
The board of directors at Florence Healthcare has multiple members. Jonathan Rosenbaum joined the board as a member in May 2021. He is the vice president of Insight Partners. Rosenbaum currently serves on thirteen boards of directors in advisory roles. Peter Sobiloff joined the board of directors in May 2021. He is also a partner at Insight Partners. He currently serves on twenty boards of directors in advisory roles. Both board members represent the interests of the Insight Partners investment group.
10. Florence Healthcare is a venture capital-backed company
Florence Healthcare has participated in five rounds of venture capital fundraising. The most recent round of Series C funding closed on June 22, 2022. The total amount raised is $115 million. Florence Healthcare was successful in attracting the interest and support of wealthy investment groups. The startup has nine investors supporting its efforts to continue the growth and expansion of the operation. Investors include Insight Partners, a lead investor, Fulcrum Equity Partners, Bee Partners, Atrium Companies, Industry Ventures, Nimble Ventures, and Alumni Ventures. These wealthy investment firms have high confidence that Florence Healthcare will continue to grow and expand, and one day will deliver a healthy return on their investments.
11. Florence Healthcare just closed a lucrative fundraiser
Techcrunch confirms that the most recent round of investor fundraising contributed a significant amount of cash to the covers of Florence Healthcare. The round of Series C fundraising was led by Insight Partners. It brought in an additional $27 million at the close on June 22, 2022.
12. Florence Healthcare is a workflow platform
The solutions offered by Florence Healthcare create a workflow platform that streamlines the workflow for clinical researchers. It uses software solutions to connect sponsors, contract research organizations, and clinical trial sites. The two main products that Florence Healthcare provides are eBinders, for simplifying clinical research operations through a workflow of digital documents. The program features remote connectivity and regulator compliance built into the system. The second product is the SiteLink platform. This is the product that provides the connecting links that bring contract research organizations, link sites, and sponsors together under one hub. The SiteLink product delivers over four million activities within the remote research industry monthly.
13. Florence Healthcare has plans to expand
Florence Healthcare has plans for the $27 million in funds it recently received. The infusion of cash is set to go toward doubling the number of clinical trials currently offered by enabling remote access. The company has plans to expand and improve its products, hire new staff to work on the products, and increase the connections that are currently used by sponsors and 10,000 clinical trial sites. Florence Healthcare is set for a growth spurt that will occur shortly. The digitization of documents and operations is key in streamlining operations and making the workflow move at a more fluid rate while providing more cohesion between the parties involved.
14. Florence Healthcare will improve the lives of underrepresented patients
The products and services provided by Florence Healthcare help fulfill a mission to bring clinical trials closer to patients who are in an underrepresented class. Those who are unable to travel to the current academic medical center sites where research is taking place will participate via digital technology. Florence Healthcare's solutions currently serve research sites that offer services with access that is within 25 miles of eighty percent of the entire population of the United States. Their goal is to address the needs of the remaining twenty percent who do not currently have access. The innovative technological solutions are opening up new possibilities for patients to participate in clinical trials with new drug candidates that give them hope where there were previously none. It's a humanitarian move that offers a potential light at the end of the tunnel for some dealing with healthcare issues that were untreatable until recently.
15. Florence Healthcare is currently hiring
LinkedIn confirms that Florence Healthcare is following through on its promise to increase the size of its workforce in its upcoming effort to expand its operations. There are currently thirty-six new jobs listed for the biotech startup. The recent hiring efforts will increase the current 219-member workforce by more than ten percent. The company is adding to the workforce at its Atlanta, Georgia Headquarters as well as Serbia. Most of the position openings listed are for remote work. The positions are for various jobs including sales, management, developers, technicians, and more.
16. Florence Healthcare received perfect reviews from its workers
Glass Door is an independent polling company that asks workers to complete a simple poll that assesses the quality of the company they work for and their level of satisfaction. Forty-three employees of Florence Healthcare participated in the poll. The results were a 100 percent agreement that they would recommend working at Florence Healthcare to a friend. 100 percent approve of the current CEO, Ryan Jones, and the predominant comment is that the employer is positively genuine.
17. Florence Healthcare provides a positive work environment
Workers at Florence Healthcare report that the company culture fostered by leaders and management is one of positivity. Everyone that works for the biotech firm helps one another and is happy to see each other succeed. Upper management and executive leaders are approachable and employees have access to them. A happy work environment is more productive. Leaders at Florence Healthcare do an exceptional job of keeping their employees happy and content.
18. Florence Healthcare has received national recognition
Florence Healthcare is rated as one of the best places to work in Georgia. The Technology Association of Georgia recognized Florence Healthcare as one of the Top 10 Innovative Companies in Georgia and recognized it as the Biggest Impact Company in 2021. Florence Healthcare also made it to the prestigious Fortune list of the Best Small Workplaces 2021 at number 31 in its rank. The company was also voted Atlanta's Best Places to Work in 2021 by the Atlanta Business Chronicle. It's been reported that the interview and hiring process at Florence Healthcare is long. This is one aspect of the company that some respondents would like to see change. It can take a long time for the hiring committees to complete their assessments and respond to the applicants. Most would like to see the hiring process shortened with fewer interviews. The hirers take their time to carefully screen each applicant to gather information to help them hire the most suitable and compatible choice for the company.
19. Florence Healthcare is committed to inclusion and diversity
Florence Healthcare gets a 5.0 out of 5 possible stars for its diversity and inclusion policies. Thirty-seven workers report that the company commits to maintaining diversity among its workers. Florence Healthcare also offers programs that support an inclusive and diverse workforce.
20. Florence Healthcare is a privately held enterprise
You won't find shares of Florence Healthcare stock for sale or trade on any of the public stock exchanges. It's because the company has not yet filed for an IPO to take the company public. It receives financial support from private investment firms. The owners chose not to offer the company as a publicly-traded company yet. Although It's not a company the public can invest in, it is still one that bears watching. We expect continued growth and prosperity for Florence Healthcare in the months and years ahead. It provides valuable services that make the jobs and processes for clinical trial staff and involved parties faster, easier, and less costly.
Written by Allen Lee
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