Clipboard Health secures USD 80 Million over two funding rounds
Category: #health  By Pankaj Singh  Date: 2022-04-19
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Clipboard Health secures USD 80 Million over two funding rounds

Clipboard Health, an app-based healthcare marketplace, has reportedly secured USD 80 million over two rounds, a Series B round of USD 50 million in 2021 and a Series C round of USD 30 million this year.

These funding rounds will take the valuation of the company to USD 1.3 billion. CEO Wei Deng stated that the funding will be used to execute hiring across all business areas including sales, engineering, and marketing.

Health facilities with staff shortages have been a long-standing problem that was aggravated during the COVID-19 pandemic. Since the beginning of the outbreak in March 2020, the number of people working at hospitals in the United States reduced by more than 2%.

Apart from spiraling administrator costs and worse patient care, short-staffed hospitals led to burnout amongst healthcare professionals.

Credible sources asserted that around 3 in 10 healthcare professionals considered leaving the profession whereas about 6 in 10 workers mentioned mental harm caused by pandemic-related stress.

Commenting on this situation, Deng noted that a drop in the number of healthcare professionals will possibly increase the workload which will result in burnout.

To increase the number of workers in the healthcare sector, there should be viable access to avenues at nursing homes and hospitals. This will be offered by Clipboard which pairs nursing assistants, nurses, and other healthcare workers with facilities short of staff, added Deng.

Currently serving professionals in over 30 U.S. cities, including Philadelphia, Los Angeles, New York, and Chicago, the intention is to introduce Clipboard to more locations by the end of 2022.

For the unversed, Clipboard was founded six years ago by Deng. It is a two-sided healthcare marketplace with tens of thousands of professionals and more than a thousand healthcare facilities as customers.

Clipboard intends to leverage the data generated by its platform to obtain information about the broader healthcare sector.

Source credit:

https://techcrunch.com/2022/04/18/clipboard-health-which-matches-health-workers-with-facilities-raises-80m/



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Pankaj Singh

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Pankaj Singh

Pankaj Singh Develops content for Market Size Forecasters, Algosonline, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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