There is a doctor shortage in the United States, and the problem is only expected to get worse. According to the Association of American Medical Colleges, the U.S. will suffer a shortage of up to 104,900 doctors by 2030.
New York City-based Nomad Health is on the mission to address that problem with its online marketplace for connecting doctors with freelance clinical work that has just been launched in California and Texas. In both states, the need for temporary doctors is particularly dire: six of nine regions in California have too few primary care doctors; while 35 counties in Texas have no practicing doctors at all, and 80 more counties have 5 or fewer doctors.
Founded in 2015, Nomad Health has developed a platform to dramatically improve the efficiency of the $15 billion temporary healthcare staffing industry. The company is the first digital service to eliminate third-party recruitment brokers from the process and directly connect doctors with the medical institutions that hire them. Its cloud-based platform drives substantial time and cost savings for both sides of the marketplace.
“We built Nomad to make healthcare hiring a cinch so that doctors can spend more time at the bedside and less time trying to get in the door to see patients,” co-founder and CEO, Dr. Alexi G. Nazem, who is a Harvard and Yale trained internal medicine doctor, said in a statement. “We are thrilled with the interest and enthusiasm we have seen since launching on the East Coast and are looking forward to welcoming doctors and facilities in California and Texas, both among the country’s largest and most understaffed healthcare markets.”
Nomad Health raised $4 million Series A round of funding in July 2016 from First Round Capital, RRE Ventures, and .406 Ventures, and has grown to offer its services all along the East Coast. Today, it is being used by more than 5,000 doctors and 300 healthcare facilities.