Nurse staffing company ShiftMed scores $200M | NEWSRUX

Va.-based ShiftMed, which connects nurses with out there 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 on the lookout for extra employees  by way of its office administration platform. The nurses are thought-about W-2 workers 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 broaden 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, stated in a press release. “ShiftMed is positioned to offer 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 major downside for the healthcare business because the pandemic hit, and research have proven the dearth 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 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 Sequence B funding in August, about three years after scoring $15 million in Sequence 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 momentary healthcare employees.