Since Incredible Health launched in 2018, it has been our mission to radically transform how nurses are hired. Driven by our vision of helping healthcare professionals live better lives, we constantly innovate to ensure nurses find better, more fulfilling roles, while we support healthcare employers to quickly hire the permanent talent they desperately need.
We’re excited to share a few important milestones we’ve recently reached: we have now partnered with 60% of the top-ranked hospitals in the United States and have helped thousands of nurses find their dream roles. Since our Series A funding round 18 months ago, we’ve also:
- Increased revenue 1000%
- Increased nurse job placements 500%
- Retained 100% of our customers, and
- Increased net revenue retention to 200%, as existing customers expand their hiring on the platform
Our path to this milestone
At the end of 2019, Incredible Health was only serving health systems in Texas and California. We now operate in 14 states across the country. We’ve also deepened our presence within Texas and California, the states with the most registered nurses and hospital beds in the U.S, to help fully realize our vision of transforming nurse hiring. 50% of all hospital beds in both Texas and California are in facilities that hire permanent nurses with Incredible Health. We also serve 65% and 70% of the hospital beds in Los Angeles, CA and Dallas, TX, respectively.
Today, more than 350 hospitals nationwide, including Johns Hopkins Health System, HCA Healthcare, Stanford Health Care, Kaiser Permanente, Providence St. Joseph, Jefferson Health, Houston Methodist, Cedars-Sinai Medical Center and many others hire permanent nursing staff with Incredible Health.
Hospitals send an interview request every four minutes on the platform, flipping the script and giving healthcare workers unprecedented control over their careers. We’re honored that so many top hospitals trust Incredible Health with one of their most important drivers of success: hiring enough permanent nurses to deliver high-quality patient care.
David Jones, Chief Human Resources Officer at Stanford Health Care, a longtime partner of Incredible Health, shared:
To do our best work, we need to have the talent to deliver quality care to those in need. With the ongoing shortage, it’s taking our team longer than we’d like to find the ideal specialized, experienced candidates for hard-to-fill positions. With Incredible Health, we consistently hire in permanent roles in under three weeks.David Jones | Chief Human Resources Officer, Stanford Health Care
Continuing to solve the nursing shortage
Even before COVID-19, the U.S. faced a major nursing shortage and nurses experienced higher rates of burnout and stress due to long hours and challenging work environments. The pandemic exacerbated these problems and hospitals are now grappling with unprecedented staff shortages due to astoundingly high turnover rates. Thankfully, nurses hired using Incredible Health have a 15% higher retention rate than nurses hired through traditional channels.
To further support hospitals and healthcare systems, we launched our Pandemic Hiring Suite which allows customers to hire permanent, specialized nurses in less than 12 days, our Nurse Wellness Toolkit, which includes two products to help nurses combat stress and burnout, as well as analytics tools that allow health system talent teams to:
- Benchmark against anonymized peer organizations on hiring speed, utilization, salary data, and other metrics, to ensure their hiring process is competitive
- Accurately forecast future hires to improve workforce planning
- Manage individual recruiter performance and candidate progress through the hiring funnel, so teams can optimize and get the staff they need faster
The number of nurses on our platform grew over 800% in the past 18-months, with thousands of nurses securing permanent roles. On average, Incredible Health saves each hospital we work with at least $2M per year per facility in travel nurse, overtime, and HR costs.
Jeff Jordan, general partner at Andreessen Horowitz and Incredible Health board member, shared:
Incredible Health has done an outstanding job building out both sides of its marketplace. Given the national focus on healthcare infrastructure and the healthcare talent shortage, the company’s platform is quickly becoming the default choice for any hospital looking to recruit and hire permanent nurses.Jeff Jordan | Andreessen Horowitz & Incredible Health Board Member
We started Incredible Health because we believed nurse hiring was fundamentally broken, for both nurses and health facilities. Our rapid growth over the last 18 months shows there is a new way to hire permanent nurses while delivering a delightful experience to both talent and employers.
Nurses are the backbone of our healthcare system. They deserve more control over their professional careers and hospitals deserve the technology to quickly hire the staff they need.
Are you a health system interested in how Incredible Health can increase your permanent nurse hiring to 20 days or less? Sign up for a free consultation here.
Are you a nurse looking to take more control of your career? Sign up here. Our hiring tools are always free for nurses.
Do you want to help healthcare workers find and do their best work? The Incredible Health team is hiring! Take a look at our open roles here.