Virginia-based ShiftMed, which connects nurses with accessible 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 searching for extra workers by means of its workplace-management platform. The nurses are thought of W-2 staff 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 develop its choices nationally and throughout different segments of the healthcare market.
“Healthcare suppliers proceed to wrestle with entry to credentialed employees 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 techniques with a regulatory compliant W-2 resolution that leverages native and part-time sources.”
MARKET SNAPSHOT
Staffing shortages have grow to be a big downside for the healthcare business because the pandemic hit, and research have proven the shortage of workers might negatively affect patient outcomes.
A number of firms seeking to enhance nurse availability have garnered substantial funding over the previous few years. In 2021, ShiftMed acquired $45 million in funding.
Final month, Dallas-based ShiftKey, a startup that enables 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 Unimaginable 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 firms within the area embrace healthcare staffing market Clipboard Health, nurse staffing platform IntelyCare and Nomad Health, which presents an internet job portal for non permanent healthcare employees.