ShiftMed operates a mobile and cloud-based W-2 healthcare workforce management marketplace that connects hospitals and other healthcare organizations with nurses and aides. The platform offers nurses perks such as guaranteed shifts, instant or next-day pay, transportation via Uber Health and health benefits, while giving employers access to additional local staff, tools to increase retention and part-time work opportunities. ShiftMed aims to reduce reliance on travel nurses and says it can lower operating costs by 30–40% versus travel staffing alternatives. The company reports it grew revenue 8x in the last two years and now serves 1,500 enterprise partners across 110 markets with more than 350,000 credentialed nurses and aides using its app. The new funding will be used to expand its national footprint to help narrow the U.S. nursing shortage and change the labor framework for large health systems. ShiftMed touts itself as the No. 1 ranked mobile app for professionals searching for flexible nursing jobs. ShiftMed operates a software management platform that gives healthcare customers real-time access to credentialed caregivers across hospital, post-acute and in-home segments. The company is based in McLean, Virginia. In the third quarter of 2021, ShiftMed reported that over 200,000 patients used its platform and that it has hired more than 10,000 nurses since inception. ShiftMed says its platform helps customers find the workers they need in real time. The company plans to continue developing its products and to expand its national footprint. CEO Todd Walrath stated the company is accelerating its mission to build a global community of engaged health care professionals.

Total raised

$245M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2023