“Incredible Health is the fastest growing career marketplace for healthcare workers,” says its co-founder & CEO, Dr. Iman Abuzeid, who talks us through what makes the software company’s platform just so appealing to 1-in-4 U.S. nurses - and over 700 American hospitals and health systems - when it comes to matching talent-to-opportunity for permanent nursing positions that save its hospital clients at least $2 million in annual travel nurse costs and help its nurses average a 17% salary increase in their new jobs.
Given the crisis level that the U.S. nursing shortage has hit, and the cost challenges hospital executives are facing as a result, Incredible Health offers a fresh approach to what’s become a supply-and-demand stalemate. “When you really dig into it,” Iman explains, “You realize that the processes, the tools, the technology - just the way hospitals have been hiring - hasn't really changed in 20 years. It's post a job, and hope it all works out.” As it turns out, though, it’s really not working out. It typically takes 82 days of labor-intensive recruiting, credential-checking, and interviewing for a healthcare organization to fill an open nursing position. By comparison, Incredible Health’s new tech-enabled approach is filling positions in 20 days AND nets a one-year retention rate that’s 15% better than the national average.
So, what is this special magic and how does it work? Iman tells us all about Incredible Health’s technology, which relies on the smart use of automation, a robust matching algorithm that connects healthcare employers and nurses on hundreds of job-related preferences, and a unique model flip where healthcare employers apply to nurses, instead of the other way around. Add to that a number of free services and tools for nurses to help with career management and professional development (including free continuing education accredited in all 50 states and a ‘Quora for nurses’ Q&A community) and what makes Incredible Health so sticky is that it goes beyond the “one and done transactional relationship to get a job”-aiming to build relationships with nurses that will last their entire 30-40 year career.
Since no one seems to know job-seeking nurses better than Incredible Health, we get Iman’s take on what matters most to retaining nurses and find out what market forces she thinks are really behind the rising costs of staffing for these important healthcare positions. We also find out what’s ahead for Incredible Health as it adds to its 26-state market and aims to become a “category-defining leader” in “software-enabled career marketplaces in healthcare.” Tune in to find out which healthcare workforce Incredible Health plans to build for next, and how the startup, which was valued at $1.65 billion last year when it announced its $80 million Series B, is headed for further platform expansion and, ultimately, an IPO.
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Jess DaMassa chats it up with the ‘who’s who’ of the health tech and healthcare innovation on 'WTF Health - What's the Future, Health?' Catch 100's of interviews with leading healthcare technology startups and the VC investors, health insurance companies, big pharma co's, and hospital systems helping bring their new ideas into the healthcare establishment. From AI and Big Data to digital health, virtual care, telehealth, digital therapeutics, payment model innovation, and investing, Jessica helps you spot the trends and figure out what’s next.
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