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ShiftMed
Offers a uniquely efficient and user-friendly approach to on-demand staffing for the healthcare industry with 90%+ show rates
About ShiftMed
ShiftMed is a healthcare workforce solution that leverages innovative technology to provide an on-demand workforce marketplace. The company aims to reduce costs and improve labor stability across the healthcare sector. It offers a platform that simplifies the process of nurse staffing, helping healthcare facilities to efficiently manage their workforce, reduce costs, and ensure better shift fulfillment.
The company's clients primarily include healthcare facilities that are in need of credentialed Certified Nursing Assistants (CNAs), Licensed Practical Nurses (LPNs), and Registered Nurses (RNs). ShiftMed's professionals are W-2 employees, meaning the company assumes all legal and financial risks, ensuring that client facilities remain compliant and protected.
ShiftMed operates in the healthcare sector, specifically in the area of workforce management. It addresses the challenges of the hiring process in the healthcare sector, such as finding qualified professionals on short notice and ensuring compliance with legal regulations.
The company's business model is based on providing an on-demand workforce. It connects local CNAs, STNAs, GNAs, LPNs, and RNs with nearby per diem shifts or permanent positions at short-staffed facilities. The company makes money by charging healthcare facilities for the staffing services it provides.
In summary, ShiftMed is a technology-driven solution that addresses the challenges of workforce management in the healthcare sector, providing an on-demand marketplace of credentialed healthcare professionals.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- McLean, United States
- Employees
- 1,421
- Open positions
- None listed
- Dealroom signal
- 42.4/100
- Industry
- Health, Jobs Recruitment
- Sub-industry
- Health Platform
- Sector
- Health Tech & Medtech, Workforce Management, Temporary Work, Tech for Hospitals and Clinics, Rumoured $1B, B2b Online Marketplace
- Business model
- Marketplace & ecommerce, SaaS
- Client focus
- b2b
- Investment activity
- 1 company, latest Apr 2024
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | May 2024 | $47M | $1B | Undisclosed | ↗ |
| LATE VCOther financing | Feb 2023 | $200M | $800M | Panoramic Ventures | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for ShiftMed is 56K monthly website visits, up 0% over the last three months. ShiftMed's team grew 2.1% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later7 investors entered at this stage
Panoramic Ventures
Blue Heron Capital
Motley Fool Ventures
Healthworx
BIP Ventures
3TS Capital Partners
CareFirst
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about ShiftMed on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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