Non permanent staffing market Nomad Well being raises $105M

Nomad Well being, a web based job portal for short-term healthcare staff, scooped up $105 million in financing, led by Adams Avenue Companions and Icon Ventures.

Different members within the spherical embrace HealthQuest Capital, Polaris Companions, .406 Ventures, AlleyCorp and RRE Ventures in addition to new debt suppliers J.P. Morgan and Trinity Capital.

The staffing startup mentioned the brand new capital brings its whole increase to greater than $200 million. The funding comes lower than a yr after Nomad introduced it had introduced in $63 million in new fairness and debt financing.

WHAT IT DOES

Nomad supplies a staffing market for short-term staff, permitting customers to seek for open jobs throughout the nation, apply to positions, handle a web based resume and filter openings by pay and specialty. 

The corporate plans to make use of the capital to increase past journey nurses to incorporate professionals like laboratory technicians, bodily therapists and ultrasound technicians. It additionally introduced the rent of Maquel Shaw as chief advertising and marketing officer, who joins the startup from commerce firm Overstock.com.

“The COVID-19 pandemic has uncovered and accelerated the healthcare workforce disaster that has been a robust undercurrent in healthcare for many years. This twenty first century scale drawback direly wants a twenty first century answer. We now have been working onerous to assume otherwise and to use know-how, subtle information science, and greatest enterprise practices from throughout industries in order that Nomad can extra effectively, successfully, and scalably serve clinicians of every kind at well being programs all throughout the nation,” CEO and cofounder Dr. Alexi Gharib Nazem mentioned in a press release.

MARKET SNAPSHOT

Healthcare staffing shortages have develop into a serious concern for suppliers, notably within the midst of the continued COVID-19 pandemic. A latest report from the American Hospital Association discovered labor makes up greater than half of hospitals’ whole bills. In the meantime, the report famous a 120% improve in job postings for contract or journey nurses from January 2019 to January 2022.

There at the moment are numerous startups touting tech-enabled healthcare job marketplaces. In April, Clipboard Well being introduced it had raised $80 million throughout two funding rounds, a $30 million Collection C that wrapped up in February and a $50 million Collection B from final yr.

IntelyCare, which focuses on nurses and nursing assistants, not too long ago scooped up $115 million in Collection C funding, bumping the corporate’s valuation to $1.1 billion. In the meantime, connectRN introduced a $76 million increase in December, whereas Prolucent Well being raised $11.5 million in Collection A funding.