Incredible Health is a Black owned staffing platform that helps nurses find their next permanent role, and employers hire permanent, specialized nurses in 20 days or less.
As a career marketplace for permanent healthcare workers, Incredible Health puts nurses in the driver’s seat. Hospitals apply directly to nurses rather than the other way around. The first and only platform to focus on permanent employees rather than contractors, Incredible Health is already used by over 600 top hospitals nationwide.
Last month, Incredible Health announced it has secured $80 million in Series B funding, bringing the company’s valuation to $1.65 billion.
Now the highest valued tech-enabled career marketplace in healthcare, the company has radically transformed not only how nurses are hired but the experience of nursing itself.
This new funding will support the company’s initiatives to help health systems and their employees manage surging patient care demand.
“Nurses are the backbone of the US healthcare system, and they deserve the well-staffed teams and tools to not only succeed, but also feel fulfilled in their careers,” said Iman Abuzeid M.D., CEO and co-founder of Incredible Health. “Our model has met the moment and changed the paradigm for both nurses and healthcare providers in the most challenging time in U.S. healthcare. We’re excited to accelerate our growth to affect even more change.”
Base10 Partners led the round as part of their Advancement Initiative, a fund designed to align the success of tech companies with wealth creation for underrepresented minorities.
Incredible Health achieved a milestone year in performance, reporting more than 500% increase in revenue in 2021. More than 10,000 nurses join the marketplace every week and the company has reduced the average time to hire to 14 days from the industry standard of 82 days.
Sixty percent of the top-ranked hospitals in the U.S., including Stanford Health Care, Cedars-Sinai Medical Center, NYU Langone Health, Northwestern Medicine and 600 more hospitals use Incredible Health for their permanent staffing needs.
Its offerings are more urgently needed than ever: the U.S. is on track to be one million nurses short by the end of 2023, and 75% of nursing student graduates cite staffing shortages as their main concern in entering the field.
Incredible Health will deploy its capital directly into rebuilding the shrinking nurse workforce. With the aim to continue expanding Incredible Health to new markets for health systems and nursing talent, the company will use this funding to:
- Optimize every aspect of the hiring workflow with machine learning technology, including screening and matching, to an increasingly personalized and automated experience for both healthcare workers and employers
- Support nurses and other healthcare workers over the course of their entire careers, beyond finding permanent jobs, including skill growth, scheduling services, mobility and relocation support, cross-training, and educational scholarships
- Enhance Incredible Health’s tech-enabled nurse community with personalized advice and content ranking, ensuring that Incredible Health continues to be the largest online community of nurses and other healthcare workers
- Expand and scale to 90% of the U.S. nurse workforce, and support healthcare worker roles beyond nursing that have critical shortages
Incredible Health has 180 remote employees in 35 states and continues to hire at a rapid pace.
To join Incredible Health’s expanding team, visit the careers page here.
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The post Incredible Health, a Black-Owned Nurse Staffing Platform, Raises $80M and Grows to a $1.65B Company appeared first on SHOPPE BLACK.
