ShiftMed Ranks on Inc. 5000 List for Third Consecutive Year
On-Demand Workforce Management Platform secures #622 on the 2023 Inc. 5000 Fastest Growing Private Companies in America
McLean, Va. – August 15, 2023 - Today, Inc. revealed that ShiftMed, one of the largest W-2 healthcare workforce management marketplaces, has ranked number 622 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. For the third year in a row, ShiftMed has continued to climb the ranks of the list, moving from the 1,713th position in 2022 and the 1,396th position in 2021 to secure the 622nd position on this year's list.
ShiftMed employs a pool of over 350,000 certified, W-2 healthcare professionals around the country and partners with over 2,000 healthcare facilities. By serving as the bridge between local healthcare professionals and clinical facilities, ShiftMed fills open shifts in real-time and improves the continuity of patient care amidst the ongoing staffing shortage.
The Inc. 5000 list of 2023 highlights companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added over one million jobs to the economy over the past three years.
On this year’s list, ShiftMed ranked in the top 12% of companies overall and one of the fastest growing in both the healthcare segment and the Washington D.C. metro region.
"We are immensely proud to make our third appearance on the Inc. 5000 list. This achievement showcases the dedication of our remarkable and dynamic team at ShiftMed," said Todd Walrath, CEO and founder of ShiftMed. "In a year where many companies are adjusting to the Post-Covid economy, ShiftMed continues to create value for nurses across the entire spectrum of healthcare including solutions for large health systems.”
For more information about ShiftMed and its innovative healthcare workforce management solutions, please visit https://www.shiftmed.com.
More about Inc. and the Inc. 5000
Methodology:
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings are calculated to four decimal places.
About Inc.:
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com. For more information on the Inc. 5000 Conference & Gala, slated for October 31-November 2 in San Antonio, visit http://conference.inc.com/.
About ShiftMed:
Healthcare facilities are addressing staffing needs and reducing overall expenditures with ShiftMed, which combines innovative workforce technology with the largest W-2 workforce marketplace. ShiftMed connects over 2,000 healthcare facilities to 350,000 credentialed nursing providers and gives facilities the ability to manage an entire workforce ecosystem more efficiently in one platform. For more information, visit www.shiftmed.com.
Media Contact:
Sara Batchelder
AM Public Relations for ShiftMed