Nurse staffing company ShiftMed scores $200M

Va.-based ShiftMed, which connects nurses with obtainable 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 office administration platform. The nurses are thought of W-2 staff of ShiftMed, 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 wrestle with entry to credentialed staff as affected person wants and quantity continues to rise,” Todd Walrath, CEO of ShiftMed, mentioned in an announcement. “ShiftMed is positioned to supply well being programs with a regulatory compliant W-2 answer that leverages native and part-time assets.”

MARKET SNAPSHOT

Staffing shortages have turn out to be a big downside for the healthcare trade for the reason that pandemic hit, and research have proven the shortage of employees might negatively have an effect on affected person outcomes. 

A number of firms trying 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 Unbelievable Well being, which makes use of a proprietary algorithm to match nurses and hospitals for hiring functions, raised $80 million in Collection B funding in August, about three years after scoring $15 million in Collection A funding. 

Different firms within the house embrace healthcare staffing market Clipboard Well being, nurse staffing platform IntelyCare and Nomad Well being, which affords an internet job portal for short-term healthcare staff.