Clipboard Health

Clipboard Health

Healthcare staffing marketplace for shifts

Overview

Clipboard Health connects healthcare facilities with local nurses to fill unoccupied shifts, reducing understaffing and regulatory penalties while improving patient care. The platform functions as a marketplace where facilities post available shifts and nurses browse, compare details (such as location, shift type, and pay), and negotiate rates, with transactions handled through the platform. This makes hiring more immediate and transparent compared to traditional staffing methods, helping facilities find qualified staff quickly and allowing nurses to choose favorable assignments and pay. The business earns revenue from transaction fees on successful placements. Clipboard Health differentiates itself by offering a streamlined, locally focused marketplace that emphasizes rate transparency, flexible scheduling, and faster matching. Its goal is to improve staffing efficiency, enhance patient care, and increase job satisfaction for nurses by reliably connecting them with available shifts.

YC Company

About Clipboard Health

Simplify's Rating
Why Clipboard Health is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Data & Analytics

Enterprise Software

Healthcare

Company Size

1,001-5,000

Company Stage

Series C

Total Funding

$94.1M

Headquarters

San Francisco, California

Founded

2016

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Simplify's Take

What believers are saying

  • $200M Series D in February 2023 totals $298M funding.
  • $100M annual revenue reached within three years; profitable since 2022.
  • Serves tens of thousands professionals, 1K+ facilities in 30+ cities.

What critics are saying

  • Vivian Health's $60M Series C erodes market share in 6-12 months.
  • Nomad Health diverts nurses to 13-week contracts in 12-18 months.
  • Nursing shortage stabilizes by 2026, collapsing transaction fees.

What makes Clipboard Health unique

  • InstantPay launched January 2022 enables immediate shift payments post-timesheet.
  • 90% shift-fill rate exceeds industry 60% average as of January 2025.
  • Leads Long Term Care per diem shifts since 2021.

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Funding

Total Funding

$94.1M

Below

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Figma
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Flexible Work Hours

Remote Work Options

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

1%
PYMNTS
Apr 18th, 2023
Hospitals Adopt Gig Economy Apps As Nurses Seek Flexible Hours

Hospitals are reportedly turning to gig economy apps to fill shifts amid a nursing shortage.This change comes at a time when hospitals continue to struggle with staffing issues after seeing the largest drop in nurse employment in four decades during the pandemic years of 2020 and 2021, The Wall Street Journal (WSJ) reported Tuesday (April 18).Among the apps hospitals are adopting are ShiftKey, which lets nurses bid for shifts, and CareRev, which lets hospitals raise and lower their rates for different shifts, according to the report.These capabilities offered by apps help hospitals meet nurses’ demands for flexible hours, shorter shifts, greater control and higher pay, the report said.The apps also give hospitals access to a larger labor pool, the ability to adjust rates as needed and an alternative to the more expensive option of using temporary staffing agencies, per the report.At the same time, hospitals adopting the gig economy model must deal with greater uncertainty around filling shifts and the possibility that nurses will delay accepting a shift until the rate rises as the shift gets nearer while remaining unfilled, according to the report.This report comes about two months after digital healthcare labor marketplace ShiftMed raised $200 million to expand its national footprint.The platform connects healthcare providers with licensed nurses, enabling healthcare providers to reduce their operating costs and allowing nurses and aides to have more control over shifts.“Healthcare providers continue to struggle with access to credentialed workers as patient needs and volume continues to rise,” ShiftMed CEO Todd Walrath said at the time.COVID-19 dislodged the longtime go-to model of hospitals using staffing agencies, Clipboard Health CEO and founder Wei Deng told PYMNTS Karen Webster in an interview posted in November.In the post-pandemic environment, digital platforms are leaning into harmonizing the healthcare industry’s complex set of patient, professional and institutional requirements, Deng said at the time.With a gig marketplace, facilities can enter their shifts and clinicians can pick up the shifts when they need them, Julie Dunphy, who was at the time chief financial officer at Gale Healthcare Solutions, told PYMNTS in an interview posted in April 2022.“That’s really empowering them,” Dunphy said at the time. “It speaks to the overall demand that we’re seeing in the U.S. for the gig marketplace, the gig economy, and we’re able to provide that to our clinicians.”

PYMNTS
Nov 23rd, 2022
Staffing And Wage Access Get Digital Do-Over As Healthcare Delivery Changes

As healthcare delivery models expand, questions around facility needs, staff demands over shifts, wage access and more are advancing rapidly, and digital platforms are leaning into harmonizing this highly complex set of patient, professional and institutional requirements. Speaking with PYMNTS’ Karen Webster for J.P. Morgan Chase “Tech Voices” Series, Clipboard Health CEO and Founder Wei Deng outlined the issues, as a nursing shortage, rampant burnout, and tectonic shifts in the healthcare landscape create a delicate balancing act for all involved

Staffing Industry Analysts
May 10th, 2022
Clipboard Health LLC receives financing of $60M in Series C funding round

Vivian Health announces a $60 million funding round while Clipboard Health receives a $30 million Series C funding round that values the company at $1.3 billion.

Healthcare Strategy Bullpen
May 10th, 2022
Caffeinated Capital invested into Clipboard Health LLC in $30M on Apr 10th 22'.

Clipboard Health recently raised $30 million in Series C funding led by Sequoia Capital with participation from Caffeinated Capital, Initialized Capital, Michael Seibel of Y Combinator; Tony Xu, co-founder of DoorDash; and Emmett Shear, CEO of Twitch.

BetaKit
Apr 29th, 2022
Clipboard Health LLC received financing of $80M on Apr 29th 22'.

Clipboard Health, an app-based marketplace that matches nurses with open shifts at nearby healthcare facilities, today announced that it raised $80 million over two unannounced rounds, a $50 million Series B round in 2021 and a $30 million Series C round this year, at a $1.3 billion valuation post-money.

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