Va.-based ShiftMed, which connects nurses with out there shifts at healthcare services, scored $200 million in a funding spherical led by Panoramic Ventures with participation from Audacious Capital and Blue Heron Capital.
ShiftMed hyperlinks nurses with healthcare services on the lookout for further employees via its office administration platform. The nurses are thought of W-2 workers of ShiftMed, can select when and the place they work and are supplied Uber Well being rides if transportation help is required.
WHAT IT’S FOR
The brand new funding will assist the corporate broaden its choices nationally and throughout different segments of the healthcare market.
“Healthcare suppliers proceed to wrestle with entry to credentialed staff as affected person wants and quantity continues to rise,” Todd Walrath, CEO of ShiftMed, stated in a press release. “ShiftMed is positioned to supply well being programs with a regulatory compliant W-2 resolution that leverages native and part-time assets.”
MARKET SNAPSHOT
Staffing shortages have grow to be a major drawback for the healthcare trade for the reason that pandemic hit, and research have proven the dearth of employees may negatively have an effect on affected person outcomes.
A number of firms seeking to enhance nurse availability have garnered substantial funding over the previous few years. In 2021, ShiftMed obtained $45 million in funding.
Final month, Dallas-based ShiftKey, a startup that permits nurses, licensed nursing assistants and different healthcare staff to seek for and bid on per diem shifts of their space, raised $300 million.
Nurse staffing market Unimaginable Well being, which makes use of a proprietary algorithm to match nurses and hospitals for hiring functions, raised $80 million in Sequence B funding in August, about three years after scoring $15 million in Sequence A funding.
Different firms within the area embrace healthcare staffing market Clipboard Well being, nurse staffing platform IntelyCare and Nomad Well being, which affords an internet job portal for momentary healthcare staff.
