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ShiftMed
Todd Walrath founded ShiftMed in 2018 to connect hospitals with local per-diem clinicians, claiming up to $300 in savings per shift versus travel agencies.
ShiftMed
ShiftMed's cloud-based workforce management solutions enable hospitals and health systems to reduce reliance on agencies, cut labor costs, and boost staff retention. Unlock the future of healthcare workforce management or find per diem nursing jobs near you today.
General information
Firm type
Asset Manager
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
McLean
Corporate office
McLean, VA, United States
Principals
Todd Walrath
Founder
Jacob Laufer
Founding Member
Guljit Khurana
Founding Member
J.J. Ewing
Executive
Sector focus
Frequently asked questions
How does ShiftMed source its pool of clinicians?
ShiftMed builds its network by recruiting local, credentialed healthcare professionals directly. The firm provides a platform for nurses, CNAs, and allied health professionals to select per diem shifts on their own terms, creating a W-2 float pool that health systems can access on-demand without going through a staffing agency.
What is ShiftMed's relationship to HomeCare.com?
Founder Todd Walrath launched HomeCare.com in 2014 to connect families with in-home care providers. ShiftMed was established later as an affiliate company, extending the technology-driven staffing model from the home-care market into facility-based nursing for both post-acute and acute care settings. Founding members Guljit Khurana and Todd Walrath serve in leadership roles across both entities.
Does ShiftMed operate as a staffing agency?
No. ShiftMed positions itself as a technology platform rather than a traditional staffing agency. The firm provides the software infrastructure for health systems to build a branded internal float pool of W-2 clinicians, with the stated benefit of zero conversion fees if a hospital decides to permanently hire a clinician directly from the platform.
What specific labor savings does ShiftMed claim for hospitals?
ShiftMed's published marketing asserts savings of up to $300 per shift compared to travel contract labor. The firm cites case studies where a hospital saved $9 million on a single medical/surgical unit and another health system achieved $500,000 in labor savings over nine months. No independent audit of these figures has been made public.
What types of healthcare professionals are on ShiftMed's platform?
ShiftMed's network includes registered nurses (RNs), licensed practical nurses (LPNs), certified nursing assistants (CNAs), and allied health professionals. The firm initially focused on CNAs for long-term care facilities and has since expanded upward into acute-care nursing roles for hospital systems.
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