Healthcare Staffing Report: May 9, 2019

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Trusted Health announces $20 million funding round

Trusted Health, an online staffing platform for nurses, closed a $20 million funding round. The San Francisco-based firm offers temporary nursing positions nationwide as well as permanent placement. Its automated platform hires nurses on a W-2 basis; the firm uses technology to match nurses to openings.

The company began initial operations in California last year, and employed nurses in 20 states by the end of the first quarter of this year. It noted more than 1,000 new nurses join its platform each week.

Craft Ventures led this funding round and was joined by previous investors Felicis Ventures and Founder Collective.

Jeff Fluhr, general partner at Craft Ventures and co-founder of StubHub, will join Trusted Health’s board.

“Trusted Health has maintained capital efficiency, while demonstrating strong early momentum and consistent growth,” Fluhr said. “At a time when there aren’t enough nurses to fill critical jobs, the Trusted Health team has built a successful technology-based platform that appeals to modern nurses, and ultimately helps hospitals deliver on their goal of improving patient care.”

Fluhr said he expects the company to become the dominant player in the healthcare employment landscape.

“With more than half of hospitals reporting staffing shortages now and 1 million vacancies for registered nurses projected by 2024, nurses continue to be in high demand,” said Sarah Gray, R.N., Trusted Health’s founding clinician. “However, because they have had to rely on antiquated and inefficient recruiting processes, nurses often miss ideal opportunities that fill quickly.”

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