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Industries
Healthcare
Company Size
1,001-5,000
Company Stage
Series C
Total Funding
$91.6M
Headquarters
San Francisco, California
Founded
2016
Clipboard Health connects healthcare facilities with local nursing professionals to address staffing shortages. The platform allows healthcare providers to find qualified nurses who can fill open shifts, which helps improve patient care and avoid penalties for understaffing. Nurses using the platform enjoy greater flexibility in choosing their work hours and can compare job details and negotiate pay rates transparently. Unlike traditional staffing agencies, Clipboard Health operates a marketplace model that facilitates direct connections between facilities and nurses, earning revenue through transaction fees. The goal of Clipboard Health is to enhance the efficiency of healthcare operations while improving job satisfaction for nurses.
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Total Funding
$91.6M
Below
Industry Average
Funded Over
4 Rounds
Industry standards
Flexible Work Hours
Remote Work Options
Professional Development Budget
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.”
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
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.
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.
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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Industries
Healthcare
Company Size
1,001-5,000
Company Stage
Series C
Total Funding
$91.6M
Headquarters
San Francisco, California
Founded
2016
Find jobs on Simplify and start your career today