Nomad Health is an

online marketplace An online marketplace (or online e-commerce marketplace) is a type of e-commerce website where product or service information is provided by multiple third parties. Online marketplaces are the primary type of multichannel ecommerce and can be a way ...

that directly connects

physicians A physician (American English), medical practitioner (Commonwealth English), medical doctor, or simply doctor, is a health professional who practices medicine, which is concerned with promoting, maintaining or restoring health through th ...

nurses Nursing is a profession within the health care sector focused on the care of individuals, families, and communities so they may attain, maintain, or recover optimal health and quality of life. Nurses may be differentiated from other health ca ...

, and

medical facilities A health facility is, in general, any location where healthcare is provided. Health facilities range from small clinics and doctor's offices to urgent care centers and large hospitals with elaborate emergency rooms and trauma centers. The nu ...

for

healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

jobs, without the involvement of third party

employment agencies An employment agency is an organization which matches employers to employees. In developed countries, there are multiple private businesses which act as employment agencies and a publicly-funded employment agency. Public employment agencies One ...

. Nomad Health is based in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

Company history

Nomad Health was founded in 2015 by Dr. Alexi Nazem (

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

), Dr. Ryan Grant, Dr. Maxwell Laurans,

Kevin P. Ryan Kevin P. Ryan is an American investor and entrepreneur who has founded several New York-based businesses, including Gilt Groupe, ''Business Insider'' and MongoDB. Ryan helped grow DoubleClick from 1996 to 2005, first as president and later as CE ...

(

Chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

), and Zander Pease in

. From its outset, Nomad Health was built to connect

and

directly online for clinical

temporary work Temporary work or temporary employment (also called gigs) refers to an employment situation where the working arrangement is limited to a certain period of time based on the needs of the employing organization. Temporary employees are sometimes ...

, also known as

locum tenens A locum, or locum tenens, is a person who temporarily fulfills the duties of another; the term is especially used for physicians or clergy. For example, a ''locum tenens physician'' is a physician who works in the place of the regular physician. ...

. The firm is a member of the Grand Central Tech startup accelerator program for the class of 2016 - 2017. In July 2016, Nomad raised $4 million in

Series A funding A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchan ...

that valued it at nearly $20 million.

First Round Capital First Round is a venture capital firm that specializes in providing seed-stage funding to technology companies. Founded by Josh Kopelman Joshua Kopelman is an American entrepreneur, venture capitalist, and philanthropist. Kopelman is best k ...

and

RRE Ventures RRE Ventures is an American Venture capital, Venture Capital firm based in New York City. The firm primarily invests in Seed money, seed, Series A round, series A and series B rounds and focuses on companies operating in the software, internet, c ...

led the funding round, with participation from .406 Ventures. The healthcare technology startup was mentioned in

Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck * Luck * Wealth * Fortune, a prediction made in fortune-telling * Fortune, in a fortune cookie Arts and entertainment Film and television * ''The Fortune'' (1931 film) ...

’s 2017 list of 21 companies driving the digital health revolution. In February 2018, Nomad raised $12 million in

Series B funding Venture capital financing is a type of funding by venture capital. It is private equity capital that can be provided at various stages or funding rounds. Common funding rounds include early-stage seed funding in high-potential, growth companies ( ...

led by

Polaris Partners Polaris Partners is a venture capital firm active in the field of healthcare and biotechnology companies. The company has offices in Boston, Massachusetts, New York, NY and San Francisco, California. History Polaris Partners was founded in 1996 ...

. Existing investors

, RRE Ventures, and 406 Ventures also participated. In August 2019, Nomad raised $34 million in Series C funding led by Icon Ventures.

Service

Nomad Health operates in the temporary

medical outsourcing Medical outsourcing is a business process used by organizations like hospitals, nursing homes, and healthcare provider practices to obtain physician, nursing, healthcare technician, or other services in a managed services model. Physicians Outsourc ...

industry, in a marketplace in which medical facilities and clinicians can find each other. It makes money by charging commission fees to employers when people are hired as contractors, and competes with

employment agency An employment agency is an organization which matches employers to employees. In developed countries, there are multiple private businesses which act as employment agencies and a publicly-funded employment agency. Public employment agencies One ...

recruiters by setting its commission lower than theirs. In July 2017, Nomad Health expanded its platform to include

in addition to

physician A physician (American English), medical practitioner (Commonwealth English), medical doctor, or simply doctor, is a health professional who practices medicine, which is concerned with promoting, maintaining or restoring health through th ...

s. Then in November 2017, Nomad Health expanded to include telemedicine. In February 2018, over 30,000

clinicians A clinician is a health care professional typically employed at a skilled nursing facility or clinic. Clinicians work directly with patients rather than in a laboratory or as a researcher. A clinician may diagnose, treat, and otherwise care for pat ...

and 1,500

were using Nomad Health. As of August 2019, over 100,000 clinicians and over 4,000 healthcare facilities are using Nomad Health.

References

External links

Nomad Health
Companies based in Manhattan American companies established in 2015 Online marketplaces of the United States Medical outsourcing companies of the United States {{US-internet-company-stub