Trusted Health Company Profile

Background

Overview

Trusted Health, founded in 2017 and headquartered in San Francisco, California, is a digital employment platform dedicated to connecting healthcare professionals, particularly nurses, with flexible job opportunities. The company aims to modernize the healthcare staffing industry by providing a transparent, efficient, and user-friendly experience for clinicians seeking employment.

Mission and Vision

Trusted Health's mission is to empower clinicians by offering them greater control over their careers through innovative technology and personalized support. The company's vision is to create a healthcare workforce that is flexible, efficient, and capable of meeting the evolving demands of the industry.

Primary Area of Focus

The company's primary focus is on revolutionizing the healthcare staffing process by eliminating traditional intermediaries and providing clinicians with direct access to job opportunities. This approach aims to address issues such as staffing shortages, clinician burnout, and the need for more flexible work arrangements in the healthcare sector.

Industry Significance

Trusted Health plays a significant role in the healthcare industry by addressing critical staffing challenges. By leveraging technology to streamline the hiring process, the company contributes to improving patient care and operational efficiency within healthcare facilities. Its innovative approach has set new expectations for the industry, particularly in the realm of nurse staffing.

Key Strategic Focus

Core Objectives

Empowering Clinicians: Providing healthcare professionals with the tools and support needed to manage and advance their careers effectively.

Enhancing Flexibility: Offering flexible job opportunities that cater to the diverse needs and preferences of clinicians.

Improving Healthcare Staffing: Streamlining the staffing process to address shortages and improve the quality of patient care.

Specific Areas of Specialization

Digital Employment Platform: Developing a user-friendly platform that connects clinicians directly with job opportunities, eliminating the need for traditional recruiters.

Employer-of-Record Services: Providing comprehensive employment services, including benefits, payroll, onboarding, and compliance, across all 50 states and the District of Columbia.

Key Technologies Utilized

Artificial Intelligence (AI): Implementing AI-powered tools to match clinicians with suitable job opportunities based on their skills, preferences, and career goals.

Data Analytics: Utilizing data-driven insights to optimize staffing solutions and improve operational efficiency for healthcare facilities.

Primary Markets or Conditions Targeted

Healthcare Facilities: Hospitals, clinics, and other healthcare institutions seeking efficient staffing solutions.

Clinicians: Nurses and allied health professionals looking for flexible and fulfilling job opportunities.

Financials and Funding

Funding History

Trusted Health has raised a total of $175 million in funding over multiple rounds. The most recent funding round was a Series C, raising $94 million in November 2021.

Notable Investors

Craft Ventures

Felicis Ventures

Founder Collective

StepStone Group

Texas Medical Center

Mercy Health

Intermountain Ventures

Town Hall Ventures

Healthbox

Intended Utilization of Capital

The capital raised is intended to enhance the company's technological infrastructure, expand its service offerings, and support its growth initiatives, including the development and scaling of its proprietary staffing platform, Works.

Pipeline Development

Key Pipeline Candidates

Works Platform: An AI-powered staffing platform designed to help healthcare facilities create on-demand nursing workforces and manage clinical staffing needs efficiently.

Stages of Development

Launch: The Works platform was launched in 2020, marking a significant advancement in the company's service offerings.

Target Conditions

Healthcare Staffing Challenges: Addressing issues such as staffing shortages, fluctuating demand, and rising labor costs within healthcare facilities.

Relevant Timelines for Anticipated Milestones

Expansion: Plans to expand the Works platform's capabilities and reach, including the addition of new features and integration with more healthcare systems.

Technological Platform and Innovation

Proprietary Technologies

Works Platform: An AI-driven staffing solution that enables healthcare facilities to build and manage on-demand nursing workforces, providing predictive insights and recommendations to optimize staffing levels.

Significant Scientific Methods

Predictive Analytics: Utilizing data analytics to forecast staffing needs and optimize workforce management.

Machine Learning Algorithms: Employing machine learning to match clinicians with suitable job opportunities based on various factors, including skills, preferences, and career goals.

Leadership Team

Key Executive Profiles

Lennie Sliwinski: Co-Founder & CEO. Lennie has been instrumental in leading Trusted Health's growth and strategic direction.

Jennifer Byrne: Chief Financial Officer. Jennifer leads the Finance, People, Legal, and Operations teams, bringing over 20 years of experience in finance, consulting, and interim management across various healthcare sub-sectors.

Leadership Changes

Sue Nallapeta: Appointed Chief Technology Officer in March 2023, Sue brings extensive experience in technology leadership to Trusted Health.

Kate Kline: Joined as President in January 2023, Kate is responsible for overseeing the company's operations and strategic initiatives.

Competitor Profile

Market Insights and Dynamics

The healthcare staffing industry is experiencing significant growth due to increasing demand for healthcare services and a shortage of qualified professionals. Companies like Trusted Health are leveraging technology to address these challenges by providing flexible staffing solutions and improving workforce management.

Competitor Analysis

Nomad Health: Founded in 2015, Nomad Health offers a digital marketplace connecting healthcare professionals with job opportunities, similar to Trusted Health's model.

AMN Healthcare: Established in 1985, AMN Healthcare is a leading provider of healthcare staffing services, offering a wide range of workforce solutions across various healthcare settings.

Incredible Health: Founded in 2017, Incredible Health focuses on matching healthcare workers with permanent roles, utilizing technology to streamline the hiring process.

Strategic Collaborations and Partnerships

Trusted Health has formed strategic partnerships with healthcare organizations such as Texas Medical Center, Mercy Health, and Intermountain Ventures, enhancing its service offerings and expanding its reach within the healthcare industry.

Operational Insights

By leveraging its proprietary Works platform, Trusted Health differentiates itself from competitors by offering a comprehensive, AI-driven solution for healthcare staffing, addressing the industry's challenges more effectively.

Strategic Opportunities and Future Directions

Strategic Roadmap

Trusted Health plans to continue expanding its platform's capabilities, integrating with more healthcare systems, and enhancing its AI-driven features to provide more personalized and efficient staffing solutions.

Future Business Directions

Geographic Expansion: Extending services to additional regions to meet the growing demand for flexible healthcare staffing solutions.

Service Diversification: Introducing new services and features to support a broader range of healthcare professionals and facilities.

Opportunities for Expansion

The company aims to capitalize on the increasing demand for flexible staffing solutions by expanding its platform's reach and capabilities, positioning itself as a leader in the healthcare staffing industry.

Competitive Advantages

Trusted Health's AI-driven platform, comprehensive employer-of-record services, and strategic partnerships provide a strong foundation for its continued growth and success in the healthcare staffing market.