Nomad Health

Nomad Health was founded in 2015 by Dr. Alexi Nazem (CEO), Dr. Ryan Grant, Dr. Maxwell Laurans, Kevin P. Ryan (Chairman), and Zander Pease in New York City.[6][7][8] From its outset, Nomad Health was built to connect physicians and medical facilities directly online for clinical temporary work, also known as locum tenens.[1][9] The firm is a member of the Grand Central Tech startup accelerator program for the class of 2016 - 2017.[10][1] In July 2016, Nomad raised $4 million in Series A funding that valued it at nearly $20 million.[6][2] First Round Capital and RRE Ventures led the funding round, with participation from .406 Ventures.[1][11][5]

The healthcare technology startup was mentioned in Fortune’s 2017 list of 21 companies driving the digital health revolution.[12]

In February 2018, Nomad raised $12 million in Series B funding led by Polaris Partners. Existing investors First Round Capital, RRE Ventures, and 406 Ventures also participated.[13][14] In August 2019, Nomad raised $34 million in Series C funding led by Icon Ventures.[15]

Nomad Health operates in the temporary medical outsourcing industry, in a marketplace in which medical facilities and clinicians can find each other.[2][4] It makes money by charging commission fees to employers when people are hired as contractors, and competes with employment agency recruiters by setting its commission lower than theirs.[4][8]

In July 2017, Nomad Health expanded its platform to include nurses in addition to physicians.[16][17] Then in November 2017, Nomad Health expanded to include telemedicine.[18][19]

In February 2018, over 30,000 clinicians and 1,500 medical facilities were using Nomad Health.[13] As of August 2019, over 100,000 clinicians and over 4,000 healthcare facilities are using Nomad Health.[20]

• Nomad Health