Virginia-based ShiftMed, which connects nurses with accessible shifts at healthcare amenities, 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 amenities in search of extra employees by way of its workplace-management platform. The nurses are thought-about W-2 workers of ShiftMed. They can select when and the place they work, and are provided Uber Well being rides if transportation help is required.
WHAT IT’S FOR
The brand new funding will assist the corporate increase its choices nationally and throughout different segments of the healthcare market.
“Healthcare suppliers proceed to battle with entry to credentialed employees as affected person wants and quantity continues to rise,” Todd Walrath, CEO of ShiftMed, mentioned in a press release. “ShiftMed is positioned to supply well being techniques with a regulatory compliant W-2 resolution that leverages native and part-time sources.”
MARKET SNAPSHOT
Staffing shortages have develop into a big drawback for the healthcare trade for the reason that pandemic hit, and research have proven the dearth of employees might negatively affect patient outcomes.
A number of corporations 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 employees to seek for and bid on per diem shifts of their space, raised $300 million.
Nurse staffing market Unbelievable Well being, which makes use of a proprietary algorithm to match nurses and hospitals for hiring functions, raised $80 million in Series B funding in August, about three years after scoring $15 million in Series A funding.
Different corporations within the house embody healthcare staffing market Clipboard Health, nurse staffing platform IntelyCare and Nomad Health, which gives a web based job portal for momentary healthcare employees.
