ShiftMed, a talent platform focused on healthcare staffing, announced a $200 million funding round. The round was led by healthcare investors Panoramic Ventures with participation from Blue Heron Capital and Audacious Capital. It follows a $45 million funding round in 2021 that was led by healthcare investors Panoramic Ventures and Healthworx.

ShiftMed plans to expand its national footprint across all healthcare market segments.

“Healthcare providers continue to struggle with access to credentialed workers as patient needs and volume continues to rise,” ShiftMed CEO Todd Walrath said. “ShiftMed is positioned to provide health systems with a regulatory compliant W-2 solution that leverages local and part-time resources.”

Walrath noted by diminishing reliance on travel nurses and ensuring a compliant W-2 workforce along with tools to increase retention, large health systems can change their labor framework, resulting in improved control and predictability.

Founded in 2019, McLean, Virginia-based ShiftMed has more than 350,000 nursing professionals using its app and serves 110 markets across the US.