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About CareRev
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 technology 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 direct communication, charging facilities for platform use, and offering features like Smart Rates to optimize staffing costs. The goal is to enhance staffing efficiency and flexibility in the healthcare sector.
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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
Y CombinatorIndustry standards
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
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -2%Workforce management technology company Hallmark announced a strategic integration with CareRev, an on-demand workforce platform for acute care.
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.
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
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.
> GoHealth Urgent Cares, a consumer-centric healthcare company, has announced Sarah Arora as its new chief operating officer.
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About CareRev
Industries
Enterprise Software
Healthcare
Company Size
501-1,000
Company Stage
Series A
Total Funding
$51.3M
Headquarters
Sacramento, California
Founded
2015
There are no jobs for CareRev right now.
Find jobs on Simplify and start your career today