The news: Tech-enabled healthcare staffing solution Incredible Health scored $80 million in Series B funding, bringing the company’s valuation to $1.65 billion. Investors included major healthcare network Kaiser Permanente.
Why it matters: The healthcare labor crunch isn’t getting better anytime soon. That presents a major opportunity for on-demand staffing platforms like Incredible Health to gain new clients.
How we got here: Many nurses are leaving their hospital positions to become travel nurses—a role that typically includes higher pay and more flexibility than a health system position.
The bigger picture: Digital health funding is drying up compared with last year’s boom. That includes Series B raises. During the first six months of this year, average Series B checks were 25% smaller compared with the same period in 2021, per Rock Health.
The big takeaway: We expect healthcare staffing solutions to continue gaining investor attention, despite a digital health funding slowdown.
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