ShiftMed
Overview
ShiftMed is a prominent player in the healthcare workforce management industry, offering innovative on-demand staffing solutions to healthcare facilities. Founded by Todd Walrath, the company is headquartered in McLean, Virginia. ShiftMed has raised significant funds over the years to expand its technological capabilities and services. It connects healthcare facilities with a vast network of credentialed professionals, thereby streamlining the staffing process. The platform leverages real-time scheduling and personalized matching algorithms to optimize workforce management.
Recent Developments
- May 2024: ShiftMed acquired CareerStaff Unlimited, broadening its capabilities in workforce management. This strategic acquisition is aimed at enhancing on-demand workforce solutions and integrating technological advancements in staff management.
- February 2024: ShiftMed was ranked #10 on the Inc. 2024 Regionals list for the Mid-Atlantic, highlighting its rapid growth and contribution to the industry's workforce management sector.
- April 2024: The company announced a collaboration with Pipeline Health in Southern California, providing flexible labor solutions. This engagement underscores ShiftMed's commitment to addressing staffing shortages in healthcare facilities.
- April 2024: Todd Walrath, ShiftMed's CEO, was named to Modern Healthcare’s 2024 Innovators List for his contributions to the healthcare staffing industry.
- March 2024: ShiftMed expanded its platform to include allied health professionals, addressing a critical need in healthcare staffing by integrating roles such as pharmaceutical technicians and physical therapists.
- March 2024: In a partnership with Carson Tahoe Health, ShiftMed enhanced nurse work-life balance by providing on-demand staffing solutions, thereby reducing overtime and burnout among full-time staff.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | Not Publicly Specified |
| Headquarters | McLean, Virginia, USA |
| Founders | Todd Walrath |
| Revenue | Not Publicly Specified |
| Profits | Not Publicly Specified |
| Key Investors | Not Publicly Specified |
| Industry | Healthcare Workforce Management |
| Number of Employees | Not Publicly Specified |
Early History
ShiftMed was established to revolutionize the healthcare staffing industry through technology and innovation. The company's goal was to streamline the process of connecting healthcare facilities with qualified nursing professionals. From its inception, ShiftMed focused on creating a comprehensive platform that allows facilities to manage their workforce effectively while providing nurses with flexible scheduling options. Its emphasis on a mobile-first approach allowed ShiftMed to quickly adapt to the evolving needs of healthcare facilities, setting a strong foundation for its growth and development.
Company Profile and Achievements
ShiftMed operates as a workforce management platform tailored to the healthcare sector. It connects healthcare facilities with over 350,000 credentialed professionals through a user-friendly mobile interface. Key achievements include:
- Recognition by U.S. News and World Report: Named as the Best Workforce Management Software for Healthcare, acknowledging its impact and innovation in the industry.
- Development of a Digital MSP: Introduced the first comprehensive digital Managed Service Provider (MSP) solution, providing healthcare facilities with a centralized staffing platform.
- Strategic Acquisitions: The acquisition of CareerStaff enhanced ShiftMed's service offerings, enabling it to meet the dynamic needs of the healthcare staffing industry.
- Innovative Technology Integration: The platform integrates seamlessly with existing HR and scheduling systems, providing a comprehensive workforce expense overview.
Current Operations and Market Position
ShiftMed has positioned itself as a leader in the healthcare staffing industry, focusing on technological innovation and strategic partnerships. Its platform is used by over 2,000 healthcare facilities across the U.S., providing a robust solution to staffing shortages through real-time shift fulfillment. The company's strategic emphasis on partnerships and acquisitions has strengthened its market position, allowing it to explore new service offerings and expand into allied health professions.
Conclusion
ShiftMed has emerged as a key player in the evolving landscape of healthcare staffing. Through its technological innovations and strategic initiatives, the company has set a new standard in workforce management. Looking forward, ShiftMed's continued focus on expanding its platform capabilities and fostering strategic partnerships suggests a promising trajectory in addressing ongoing staffing challenges within the healthcare sector. Its ability to offer flexible, on-demand workforce solutions will likely continue to impact the industry's operational efficiencies and healthcare delivery standards.