ShiftMed Raises $200 Million

ShiftMed is a nursing jobs community that connects over 350,000 credentialed nursing professionals looking for flexible work with healthcare providers needing additional nursing staff. Using mobile and cloud-based software that provides workforce optimization, health systems offer a modern, unified solution to their workforce that increases retention and creates part-time work opportunities. The company can reduce operating costs by 30%-40% relying less on travel nurse agencies.

The company has raised $200 million in fresh funding to tackle the nurse shortage in the U.S. healthcare system. The new round was led by healthcare-focused Panoramic Ventures with participation from Blue Heron Capital and Audacious Capital.

ShiftMed, Washington DC, United States, was founded in 2019 by Todd Walrath. Currently, ShiftMed is the #1 ranked mobile app for professionals who look for flexible nursing jobs, addressing nursing shortages and enabling hospitals to reach their optimal staffing levels. The company serves over 1500 enterprise healthcare partners across the country. “By diminishing reliance on travel nurses, ensuring a compliant W-2 workforce, and providing tools to increase retention, we see a path for large health systems to change the labor framework to give them control and predictability,” said founder and CEO Todd Walrath.

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