Bureau of Labor Statistics projects that healthcare and social assistance will “add the most jobs of all industry sectors”-around 3.3 million over the next ten years-as aging Baby Boomers need more care and the number of Americans with chronic conditions continues to rise. “I wanted to build and create things that would have an impact on a large scale. Abuzeid expects the company might eventually serve doctors, physical therapists and pharmacists. Nurses are just a starting point, Abuzeid explains, with the long-term goal to be the “market leading company in healthcare labor.” The company is looking to expand to customers beyond hospitals in the future to urgent care, surgical centers, skilled nursing facilities and home health. That slow-and-steady strategy has helped the company move into 21 states profitably, and Abuzeid plans to go national in 2022. Each state has its own rules on healthcare licensing, making expansion slower in this business than it would be in a less regulated one, and Incredible Health is careful to line up enough employers and nurses to make the marketplace work in each state before moving on to the next one. Unlike most venture-backed startups, Incredible Health is profitable-“accidentally profitable,” as Abuzeid likes to say. That growth helped Incredible Health gain a spot on this year’s Next Billion-Dollar Startups list, one of 25 companies we think most likely to reach a $1 billion valuation. Revenue is expected to reach $16 million this year, triple last year’s $5 million. Hospital customers pay for annual subscriptions with tiered pricing, based on the number of nurses they plan to hire. The company focuses on filling permanent jobs, rather than short-term travel nursing or contract gigs. Since its 2017 launch in California, more than 500 hospitals have signed up for Incredible Health, including HCA Healthcare and Stanford Health Care, in addition to Kaiser. “The biggest challenge now is chasing the demand for nurses,” says Jordan, who sits on Incredible Health’s board. To help hospitals find nurses, San Francisco-based Incredible Health flips traditional hiring on its head with hospital customers essentially paying to pitch themselves to nurses who join for free. Soon after, it also had inked a deal to work with Kaiser, which encompasses 39 hospitals and is now one of her company’s biggest customers.
#Kaiser new grad residency program series
Within a month of that barbecue, San Francisco-based Incredible Health, which Abuzeid cofounded with chief technology officer Rome Portlock, 41, had landed Jordan’s firm as the lead investor of its $15 million Series A round. Incredible Health cofounder and chief technology officer Rome Portlock Incredible Health