Shiftmed
“Can a W-2 on-demand nursing marketplace embed itself deeply enough into health-system WFM stacks (UKG, symplr) to become the default fill-rate layer for hospital open shifts?”
HQMcLean, Virginia, USA
Total raised$298.2M
Latest round$47M (May 2024)
IndustryVertical SaaS / Healthcare Staffing
The story
ShiftMed began as an on-demand nurse staffing marketplace differentiated by W-2 employment and instant/next-day pay for clinicians. The CareerStaff Unlimited acquisition in 2024 pushed ShiftMed beyond per-diem into travel and local contracts, and recent UKG and symplr Smart Square integrations position it as an embedded marketplace inside health-system workforce management stacks rather than a standalone app. Embedded finance is concentrated in earned-wage-access / instant pay for its W-2 clinician base — not in card issuing, BaaS or treasury.
Last 12 months
Product timeline
2021
Launched ShiftMed Next Day Pay™ giving W-2 nurses next-day access to earnings.· payroll
2023
Announced technology partnership with UKG (UKG Dimensions / Pro WFM) via API integration.· pivot
2024
Acquired CareerStaff Unlimited expanding into per diem, local, and travel contracts.· acquisition
2024
Raised $47M growth round (Audacious Capital among investors).· funding
2026
Announced integration with symplr Smart Square to route open shifts from health-system WFM into ShiftMed marketplace.· pivot
The stack
Accounting
UKG Dimensions / UKG Pro Workforce Management (via API)symplr Smart Square (workforce management integration)
Accounting gap: minor