Online job boards have been around for years, but a New York startup is taking a different approach, creating a marketplace for doctors and nurses to find work.
Launched in 2016, Nomad Health operates an online healthcare job marketplace, connecting qualified doctors and nurses to healthcare organizations looking to hire new employees. It removes the middlemen helping all sorts of healthcare companies access qualified doctors and nurses. Because clinicians only have to fill out one application, the startup makes it easier for them to find work.
Since Nomad launched three years ago, the marketplace has seen red-hot growth. It has jobs posted from more than 4,000 healthcare facilities across the U.S. including positions at highly ranked hospitals. Nomad said about 30% of the jobs are outside of cities where doctor and nurse shortages are large. In the last year, Nomad Health’s revenue has grown close to 500%.
That growth has piqued the interest of venture capitalists. In August it announced it raised $34 million in equity and debt financing. The round was led by Icon Ventures, the VC firm based in Palo Alto, California that has more than $1 billion under management. Existing investors Polaris Partners, RRE Ventures, 406 Ventures, and Silicon Valley Bank also participated in the round. Proceeds from that round of funding is slated to be used to double the size of its staff, expand its footprint and improve upon its technology. The company currently has 50 employees in New York City and expects that to grow to 90 by the end of this year. It recently opened an office in Charlotte, North Carolina to support its growth.
Aiming to grow its clout in the healthcare employment market, Nomad recently announced that Bob Livonius, a healthcare staffing expert, has been added to the company’s strategic advisory board. Livonius has had a long career in general and healthcare staffing and was inducted into the American Staffing Association’s Leadership Hall of Fame and the Staffing Industry Analysts’ Hall of Fame.
According to Nomad Health, Livonius is best known for introducing the managed services provider concept to healthcare staffing. “As the first company to bring the online job marketplace to clinicians nationwide, Nomad is a true innovator in the healthcare staffing space,” said Livonius in a recent press release. “The company is building the fresh solutions that healthcare staffing desperately needs. I have been lucky to be a part of transforming this industry before, and I am eager to work with Nomad as it works to transform it again.”