CareRev

CareRev

Connects healthcare facilities with professionals for staffing

About CareRev

Simplify's Rating
Why CareRev is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

Healthcare

Company Size

501-1,000

Company Stage

Series A

Total Funding

$51.3M

Headquarters

Sacramento, California

Founded

2015

Overview

CareRev connects healthcare facilities with professionals seeking flexible work opportunities through its platform. This platform allows healthcare facilities to manage staffing needs in real time, eliminating the need for staffing agencies. Healthcare professionals, such as nurses, can communicate directly with facilities to choose when and where they work, promoting a better work-life balance and reducing burnout. CareRev's business model focuses on providing this technology platform, charging healthcare facilities for its use, and offering features like Smart Rates to help manage staffing costs effectively. The goal of CareRev is to streamline healthcare staffing by facilitating direct communication and providing flexible solutions for both facilities and professionals.

YC Company
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Simplify's Take

What believers are saying

  • Growing trend of AI-driven pricing models boosts cost efficiency in healthcare staffing.
  • Strategic partnerships, like with Hallmark, enhance staffing flexibility and efficiency.
  • Gig economy model adoption offers flexible, cost-effective staffing solutions amid nursing shortages.

What critics are saying

  • Competition from gig economy apps like ShiftKey and ShiftMed may impact market share.
  • Nurses delaying shift acceptance for higher rates could increase costs for facilities.
  • Ongoing nursing shortages may challenge CareRev's ability to meet healthcare demand.

What makes CareRev unique

  • CareRev eliminates intermediaries, offering direct communication between healthcare facilities and professionals.
  • The platform's AI-driven Smart Rates optimize shift pricing for cost efficiency.
  • CareRev's partnerships with healthcare networks enhance local talent pool utilization.

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Funding

Total Funding

$51.3M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$50M
CareRev

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Parental Leave

401(k) Company Match

401(k) Retirement Plan

Stock Options

Home Office Stipend

Phone/Internet Stipend

Wellness Program

Professional Development Budget

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

0%
Our Health Needs
Mar 28th, 2025
Hallmark integrates CareRev's workforce platform and more digital health news

Workforce management technology company Hallmark announced a strategic integration with CareRev, an on-demand workforce platform for acute care.

Health Technology Insights
Mar 27th, 2025
Hallmark Integrates with CareRev's On-Demand Healthcare Marketplace

By uniting Hallmark's workforce management platform with CareRev's on-demand marketplace, the integration directly addresses those limitations, empowering hospitals to tap into the flexible workforce while keeping staffing efficient and cost-effective.

Hit Consultant
Jan 17th, 2025
Recent Digital Health Executive Hires And Promotions: Medidata Expands Team, Carerev, Philips, Eko Health, Others

AVIZVA, a health-tech organization that offers a variety of solutions for healthcare enterprises, that it has appoints James Vertino as its new CEO.Model N appoints Bret Connor as Chief Executive Officer. The Board of Directors of Blue Shield of California appoints Lois Quam as chief executive officer to lead Blue Shield of California, the first woman to serve as CEO in the health plan’s 86-year history. She joined the company as president in 2024.   Yaqrit, a late-stage biotech and medtech company developing lifesaving treatments for advanced liver diseases appoints Troels Jordansen has joined Yaqrit as Chief Executive Officer.OP Solutions names Michael Kallish as Chief Executive Officer, effective immediately.Access TeleCare appoints Dr. Michael Genovese to Chief Medical Officer for Behavioral Health.Enveda appoints Jason Kim as Chief Financial Officer (CFO).Eko Health appoints of Justin Spencer as Chief Financial Officer (CFO). (Pull from site)Qure.ai appoints Jim Mercadante as its new Chief Commercial Officer. (Pull from site)Symplr, appoints Dr

Biz Fayetteville
Jun 17th, 2024
FirstHealth and CareRev partner to innovate a flexible workforce strategy

FirstHealth of the Carolinas, a 610-bed not-for-profit healthcare network, announced a partnership with CareRev, the on-demand workforce platform for acute care nursing.

Fierce Healthcare
Sep 15th, 2023
Chutes & Ladders-CareRev names first chief nursing officer

> GoHealth Urgent Cares, a consumer-centric healthcare company, has announced Sarah Arora as its new chief operating officer.

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