Nomad Health
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| Company type | Private |
|---|---|
| Industry | Healthcare, Technology, Staffing |
| Founded | 2015 |
| Founder | Alexi Nazem, MD (CEO) Kevin P. Ryan (Chairman) Zander Pease Maxwell Laurans, MD Ryan Grant, MD |
| Headquarters | , |
Area served | United States |
| Services | Hiring |
| Website | nomadhealth.com |
Nomad Health functions as a digital platform that directly connects physicians, nurses, and healthcare institutions for employment opportunities, bypassing traditional intermediary employment agencies. Its main office is located in New York City.
Company history
Established in 2015 in New York City by Dr. Alexi Nazem (who serves as CEO), Dr. Ryan Grant, Dr. Maxwell Laurans, Kevin P. Ryan (Chairman), and Zander Pease, Nomad Health was created to facilitate direct connections between medical professionals and facilities for locum tenens assignments. The company was part of the Grand Central Tech accelerator from 2016 to 2017.
In mid-2016, the company completed a $4 million Series A financing round led by First Round Capital and RRE Ventures, with participation from .406 Ventures, placing its valuation close to $20 million. In 2017, Fortune highlighted Nomad Health as one of the 21 innovators transforming digital healthcare.
The firm raised an additional $12 million during a Series B round in February 2018, spearheaded by Polaris Partners and supported by prior investors including First Round Capital, RRE Ventures, and 406 Ventures. Later, in August 2019, Nomad Health secured $34 million in Series C funding led by Icon Ventures to enhance the scalability of its healthcare job marketplace.
Service
Nomad Health operates within the temporary medical staffing sector by offering a platform where clinicians and healthcare organizations can directly connect. Its business model relies on charging employers a commission fee for contractor placements, maintaining competitive advantages through lower fees compared to conventional employment agency recruiters.
The platform broadened its scope in July 2017 by incorporating nurses alongside physicians. By November that year, it further diversified its offerings to include telemedicine, aligning with advancements in digital health services.
By early 2018, more than 30,000 clinicians and approximately 1,500 healthcare facilities utilized the platform. As of August 2019, Nomad Health’s network had expanded substantially to over 100,000 clinicians and upwards of 4,000 medical institutions, demonstrating robust growth and adoption within the industry.