McLean staffing startup raises $45M to help hospitals fill nursing jobs

McLean staffing startup ShiftMed LLC has raised $45 million in new funding, as a staffing shortage plagues the health care industry and demand mounts for the startup’s service.

The company said Wednesday the funding will support its national expansion and further development of its workforce management platform, which connects hospitals and other health care organizations with available workers — from nurses to therapists to in-home caregivers.

Atlanta venture capital firm Panoramic Ventures and Healthworx, the innovation arm of Baltimore’s CareFirst Holdings LLC, led the round. Existing investors Motley Fool Ventures of Alexandria, 3TS Capital Partners of Vienna and Blue Heron Capital of Richmond also participated.

ShiftMed counts more than 700 enterprises using its platform — including health systems, skilled nursing facilities, home health and assisted living providers. In doing so, the business reports that it helped those organizations care for more than 200,000 patients in…

Read the full story from the Washington Business Journal.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up