SAN FRANCISCO, June 10, 2021 /PRNewswire/ -- Incredible
Health, the fastest-growing, venture-backed career marketplace for
healthcare workers, today announced a major milestone in its
mission to radically transform how nurses are hired: it is now
partnered with 60% of the top-ranked hospitals in the United States. This is a major moment for
the platform, which raised its Series A financing round 18 months
ago and has seen rapid expansion. Since the Series A, the company
saw a 1000% increase in revenue, a 500% increase in nurse job
placements, 100% customer retention, and net revenue retention of
200%, as existing customers doubled their hiring and spend on the
platform.
At the end of 2019, Incredible Health was only available in
Texas and California. Today, more than 350 hospitals
nationwide, including major health systems such as Johns Hopkins
Health System, HCA Healthcare, Stanford Health Care, Kaiser
Permanente, Providence St. Joseph, Jefferson Health, Houston
Methodist, Cedars-Sinai Medical Center and many others rely on
Incredible Health to hire the best permanent nursing staff.
Hospitals send an interview request every four minutes on the
platform, flipping the script and giving healthcare workers
unprecedented control over their careers.
"We started Incredible Health with the belief that the process
for nurse hiring was fundamentally broken for both nurses and
health facilities," said Incredible Health CEO and Co-founder
Iman Abuzeid. "Our rapid growth over
the last 18 months shows there is a new way to hire permanent
nurses while delivering a delightful experience to both talent and
employers. Nurses are the backbone of our healthcare system. They
deserve more control over their professional careers and visibility
into the options available to them, and hospitals need the
technology to hire quickly. We bring these two priorities together,
and our success underscores this urgent and huge need."
The category-defining platform now serves health systems that
make up 50% of hospital beds in Texas and California, two states with the highest and
second-highest number of hospital beds in the country. The company
serves 65% and 70% of the hospital beds in major metropolitan areas
like Los Angeles, CA and
Dallas, TX, respectively. The
largest and most prestigious hospitals in the U.S. across 14 states
trust Incredible Health with one of their most important drivers of
success: hiring enough permanent nurses to deliver high-quality
patient care.
Even before COVID-19, the U.S. faced a major nursing shortage
and nurses experienced higher rates of burnout and stress due to
long hours and challenging work environments. The pandemic
exacerbated these problems, and hospitals are now grappling with an
unprecedented staffing challenge due to astoundingly high turnover
rates. Thankfully nurses hired through Incredible Health have a 15%
higher retention rate than nurses hired through traditional
channels. To further support hospitals and healthcare systems,
Incredible Health launched its Pandemic Hiring Suite which allowed
customers to hire permanent, specialized nurses in less than 12
days, two products to help nurses combat stress and burnout, as
well as data and analytics tools that allow talent teams to:
- Benchmark against anonymized peer organizations on hiring
speed, utilization, salary data, and other metrics to ensure their
hiring process is competitive
- Accurately forecast future hires to improve workforce
planning
- Manage individual recruiter performance to optimize hiring
operations
- Track how quickly candidates progress through the hiring
funnel, so teams can optimize and get the staff they need
faster
The number of nurses on the platform grew over 800% in the past
18 months, and thousands of nurses secured permanent roles with
Incredible Health's tools. On average, Incredible Health saves each
hospital they work with at least $2M
per year per facility in travel nurse, overtime, and HR costs.
"Incredible Health has done an outstanding job building out both
sides of its marketplace," said Jeff
Jordan, general partner at Andreessen Horowitz and board
member of Incredible Health. Jordan has invested in other notable
marketplace platforms, including Airbnb, Instacart and OfferUp, and
is the former CEO of OpenTable and former general manager of the
eBay.com business. "Given the national focus on healthcare
infrastructure and the healthcare talent shortage, the company's
platform is quickly becoming the default choice for any hospital
looking to recruit and hire permanent nurses."
"To do our best work, we need to have the talent to deliver
quality care to those in need. With the ongoing shortage, it's
taking our team longer than we'd like to find the ideal
specialized, experienced candidates for hard-to-fill positions,"
said David Jones, Chief Human
Resources Officer at Stanford Health Care. "With Incredible Health,
we consistently hire in permanent roles in under three weeks."
To learn more about how Incredible Health helps hospitals hire,
visit this link: https://www.incrediblehealth.com/employers/
About Incredible Health
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 350 top hospitals nationwide. Incredible Health's
proprietary algorithm-based technology custom matches the needs of
hospitals with the right nurses. Co-founded by MD and Wharton alum Iman
Abuzeid and MIT alum from a
family of nurses, Rome Portlock, Incredible Health is headquartered
in San Francisco, CA, and operates
nationally. For more information visit
https://incrediblehealth.com.
Press contact:
Inkhouse for Incredible Health
press@incrediblehealth.com
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SOURCE Incredible Health