Nomad Health operates an online, data-driven marketplace that connects travel nurses and allied health professionals with temporary clinical roles, backed by staffing-enabling technology and human assistance across the hiring journey. The platform offers personalized job matches, industry-leading pay, and on-the-job clinical support to remove obstacles between clinicians and patients. Nomad pioneered the market for travel clinicians and reports helping thousands of healthcare facilities in all 50 states connect with more than 300,000 clinicians at a 94% on-time start rate. The company plans to expand its product portfolio to meet continued demand for its staffing technology and data insights. To fund that expansion, Nomad announced a $22 million financing led by HealthQuest Capital. Leadership changes accompany the raise: Justin Lambert was appointed CEO and co-founder Alexi Gharib Nazem will remain on the board. Nomad built an online marketplace for temporary clinical jobs, initially focused on travel nursing, using technology and data science to streamline placements and reduce costs. The company plans to expand its marketplace beyond travel nurses to serve allied health professionals, including laboratory technicians, physical therapists, and ultrasound technicians. Since January 2021 Nomad clinicians have cared for millions of patients at over one thousand healthcare facilities across all 50 states. The user base exceeds 250,000 healthcare workers who have submitted nearly half a million job applications on the platform. Nomad reports revenue growth of more than seven-fold and says the company is profitable. The firm has also added senior hires and board members to support the next phase of growth. Nomad Health operates a Joint Commission–certified online marketplace that connects healthcare clinicians with short-term clinical jobs, aiming to streamline staffing with greater transparency and efficiency. The platform emphasizes higher pay for clinicians and lower costs for health systems. Since 2015 the company has scaled rapidly: transactions in the marketplace have grown seven-fold since February 2020 and revenue has grown five-fold, with 2021 year-to-date revenue already more than double full-year 2020. The team has doubled to over 170 corporate employees, and Nomad says it has sent clinicians to care for over one million patients in all 50 states. The company plans to use the new financing to hire, invest in its technology platform, and expand its national footprint. Leadership additions include a Chief Client Officer and a VP of Product to support product and go-to-market growth. Nomad Health operates the first online marketplace for freelance clinical jobs, matching nurses and physicians to shifts and roles across the U.S. The company has built technology to place clinicians efficiently and is Joint Commission Certified. Nomad hosts jobs from over 4,000 healthcare facilities and has nearly 100,000 clinicians on the platform, with 45% actively looking and placements in 46 states; 30% of jobs are in non-metro areas. Revenues have grown nearly 500% in the last 12 months. The company plans to use the new funding to double staff (from 50 to 90 employees by the end of 2019), expand its footprint (it opened an office in Charlotte, North Carolina), and continue enhancing its technology platform. Nomad positions itself as simplifying the $20 billion healthcare staffing industry by offering higher pay to clinicians, lower costs to health systems, and a streamlined, transparent process. Nomad Health has built the first online marketplace where clinicians and medical employers directly connect for freelance healthcare roles, including locum tenens, travel nursing, and telehealth. The platform digitizes the hiring process—handling job matching, applications, insurance, and payments—and removes third-party recruitment brokers. Employers can save up to 40% on recruitment fees, and the company reports more than 30,000 clinicians and 1,500 healthcare facilities on its network while operating in 12 states. Founded in 2015 by a team of doctors and Kevin Ryan, Nomad positions itself to address projected clinician and nurse shortages driven by demographic and chronic-disease trends. The company plans to expand to all 50 states and will use new capital to fortify its marketplace technology and hire additional staff to scale nationwide.

Total raised

$240M

Funding rounds

9

Latest round

Equity

Latest activity

Jun 2024