Incredible Health secures $80 million to help nurses do well in permanent jobs

ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, August 18 — A fifth of health care workers quit their jobs during the pandemic, due to insufficient pay, burn out and other issues.

San Francisco-based Incredible Health helps nurses find jobs they love and provide them with the support they need to do well. More than 600 hospitals, including Stanford Health Care, NYU Langone Health and Northwestern Medicine, use the company’s online marketplace to find nursing talent.

Incredible Health says it reduces the average hiring time to 14 days compared to the industry standard of 82 days. More than 10,000 nurses join Incredible Health’s platform each week.

Investing in health

Oakland-based Kaiser Permanente, which oversees nearly 40 hospitals and 65,000 nurses, is one of Incredible Health’s biggest customers. The health care company invested in the Series B round alongside Andreessen Horowitz, the NBA player Andre Iguodala, Workday CEO Chano Fernando, Rethink Impact and others.

Black-led venture fund Base10 Partners, which is donating half of a $250 million dollar fund’s carried interest to create STEM scholarships at HBCUs, led the round. Base10 and Incredible Health will work together to create a scholarship program for nursing students.

Three out of every four nursing student graduates cite staffing shortages as their main concern in entering the field.

Support system

“Nurses are the backbone of the U.S. healthcare system,” said Incredible’s Iman Abuzeid, an immigrant born in Saudi Arabia who co-founded the company with Rome Portlock in 2017. “They deserve well-staffed teams and tools to not only succeed, but also feel fulfilled in their careers.”

The company plans to support nurses and other healthcare workers with upskilling, relocation and cross-training support and more.

Companies like ShiftMed, Clipboard Health and FleetNurse are connecting nurses and other health workers to shorter-term and contract gigs.