Healthcare Staffing Report: Nov. 11, 2021

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Talent platform ShiftMed raises $45 million in funding round

ShiftMed, a talent platform focused on healthcare staffing, announced a $45 million funding round. It was led by healthcare investors Panoramic Ventures and Healthworx.

“Healthcare companies leveraged ShiftMed to care for more than 200,000 patients in Q3 2021,” said Paul Iaffaldano, general partner at Panoramic Ventures. “We believe the company has the scale to be an important player in the healthcare space.”

Iaffaldano also noted ShiftMed has relationships with more than 700 enterprise partners including hospitals, skilled nursing facilities, home health and assisted living providers.

ShiftMed reported it has hired more than 10,000 nurses so far this year and provided more than 1 million hours of care. The company serves 56 markets in the US. It’s based in McLean, Virginia.

Along with Panoramic and Healthworx, existing investors also took part in the round. They included Blue Heron Capital, Motley Fool Ventures and 3TS Capital Partners.