Hallmark Health Care Solutions: Revolutionizing Workforce Management in Healthcare

Hallmark Health Care Solutions, a leading healthcare technology company specializing in workforce management solutions, has recently announced a significant growth investment led by Summit Partners. This investment will further accelerate Hallmark's growth and enhance its commitment to product innovation and customer success.

In the healthcare industry, labor-related challenges pose significant obstacles for health systems, hospitals, physician groups, and other healthcare organizations. Hallmark addresses these challenges through its SaaS-based platform, offering a comprehensive workforce management solution. By combining tools for talent sourcing, deployment, provider compensation, and contracting, Hallmark empowers customers to unlock essential workforce data, improve talent access, drive operational efficiency, and achieve substantial cost savings.

The recent investment led by Summit Partners reflects the recognition of Hallmark's strength and future potential. Isaac Ullatil, Co-Founder and CEO of Hallmark Health Care Solutions, states, "There is a healthcare workforce crisis in this country – one that is impacting both quality and cost of care. This new capital will enable Hallmark to further our commitment to our customers, helping the healthcare organizations with whom we partner save time and money, allowing them to focus on the lifesaving work they are called to do."

The growth of hospital labor costs in the US has been staggering, growing at a CAGR of 37% from 2019 to early 2022. Furthermore, clinical labor shortages continue to persist, with projections of a shortage of 200,000 to 450,000 nurses by 2025. These challenges call for innovative solutions, and Hallmark is at the forefront of addressing them. Currently, Hallmark's SaaS platform is used by over 85 healthcare organizations and more than 750 staffing agency partners across the United States.

Ross Stern, a Managing Director of Summit Partners, who has joined Hallmark's Board of Directors, recognizes the significance of Hallmark's solution in the healthcare industry. "Hallmark is helping healthcare organizations address their most critical workforce-related challenges. The Company’s solution is designed to drive efficiency, transparency, and cost savings in one of the most problematic areas of healthcare spend."

Matthew Thompson, General Partner at Enhanced Healthcare Partners, acknowledges the impact that Hallmark has made in the healthcare ecosystem. "We’ve been consistently impressed with the team’s dedication to their customers and the true impact the company is making in an increasingly critical area of the healthcare ecosystem. We look forward to our continued partnership."

With a commitment to its vendor-neutral position in the market, Hallmark ensures that it receives no funding from staffing agencies. This approach allows the company to maintain its integrity and provide unbiased solutions to its customers.

Hallmark Health Care Solutions is revolutionizing workforce management in healthcare. Through its innovative platform, healthcare organizations can overcome labor-related challenges, improve efficiency, and achieve significant cost savings. With the recent investment from Summit Partners, Hallmark is poised to continue its growth and provide even greater value to its customers.

About Hallmark Health Care Solutions:

Hallmark Health Care Solutions partners with healthcare organizations to overcome their labor-related challenges. From talent sourcing and deployment to provider compensation and contracting, their workforce management platform unlocks essential data, improves access to talent, drives operational efficiency, and delivers substantial cost savings. For more information, visit [www.hallmarkhcs.com](https://www.hallmarkhcs.com).

About Summit Partners:

Summit Partners is a global alternative investment firm managing over $37 billion in capital dedicated to growth equity, fixed income, and public equity opportunities. With investments in more than 550 companies across various sectors, including technology and healthcare, Summit Partners remains dedicated to supporting growth-oriented businesses. For more information, visit [www.summitpartners.com](http://www.summitpartners.com).

About Enhanced Healthcare Partners:

Enhanced Healthcare Partners specializes in partnering with transformative, middle-market healthcare businesses. With flexible capital, operational support, and strategic guidance, Enhanced Healthcare Partners supports the success of growth-oriented businesses. For more information, visit [www.enhancedhealthcare.com](http://www.enhancedhealthcare.com).