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Draft:Vivian Health (company)

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Vivian Health
FormerlyNurseFly (Late 2017 – May 2021)
Company typeSubsidiary
IndustryOnline healthcare jobs marketplace
FoundedLate 2017 as NurseFly / May 2021 as Vivian Health (Late 2017 as NurseFly / May 2021 as Vivian Health)
FounderParth Bhakta, Eric Conner
HeadquartersSan Francisco, California
Area served
United States
Key people
Parth Bhakta, (CEO), Eric Conner, (CTO), Alec Stillman, (Chief of Staff), Adam Greenburg, (CFO), Bill Kong, (CMO), Ved Sinha, (CPO)
ServicesHealthcare jobs marketplace
Number of employees
128 in 23 states
ParentIAC/InterActiveCorp
Websitewww.vivian.com

Vivian Health, formerly known as NurseFly, Inc., is based in San Francisco, California, with additional offices in Denver, Colorado. The online healthcare-exclusive marketplace posts jobs in nursing and allied health for healthcare staffing agencies and healthcare systems across the United States. Job listings include staff positions, travel contracts, local contracts, per diem/PRN jobs and locum tenens roles in various disciplines and specialties. As of July 2023, over 1 million clinicians were registered to use Vivian’s job search platform.[1] Vivian Health is owned by IAC, Inc. (NASDAQ: IAC), an American holding company that owns brands in 100 countries.

History[edit]

NurseFly was founded in late 2017 by Parth Bhakta[2] and Eric Connor[3]. The duo initially created the company to provide an online jobs marketplace for travel nurses seeking short-term positions at facilities with staffing shortages or seasonal needs, connecting them with the appropriate staffing agency or health system.

In August 2019, IAC, Inc. acquired NurseFly for a reported $15 million.[4] NurseFly co-founders Bhakta and Conner continued to lead NurseFly post-acquisition as Chief Executive Officer and Chief Technology Officer, respectively.

During 2019, NurseFly added allied health roles, an expanded set of healthcare disciplines, to its job search platform.

Between May 2020 and May 2021, NurseFly grew to fill nearly 10% of all travel nursing positions across the United States.[5] After learning from health systems that filling permanent staff roles was often more challenging than filling travel positions, the company spent three months rebuilding its platform to serve a broader range of healthcare professionals and employers.

In May 2021, NurseFly rebranded to Vivian Health[6], also called Vivian, and expanded its services[7][8] after building a proprietary data set of healthcare industry information using the 1.7 million jobs it had previously run through its systems. Some news outlets began touting it as the LinkedIn for healthcare.[9]

In April 2022, Vivian Health received a $60 million equity investment led by Thoma Bravo LP,[10] an American private equity and growth capital firm. The funding round drew in other investors, including IAC and Collaborative Fund. Vivian Health earmarked the newly raised capital to speed up the company’s growth and expansion, with some reserved for future M&A activities.[11][12]

In late April 2022, Vivian reported facilitating 15% of travel nursing placements,[13] representing $1.5 billion in annualized labor spend. It further noted that more than 700,000 clinicians used its platform.[14]

In March 2023, Vivian Health had over 225 employer partners and more than one million healthcare professionals registered on its marketplace. At this point, it had facilitated more than 3 million job applications through its marketplace.[15]

Vivian’s employees have the option to work fully remote. As of March 29, 2023, the company had 124 full-time employees working across 22 states. Adding in part-time roles, the company had 128 employees across 23 states. However, it currently has payroll set up in 29 states.

In late 2023, Vivian introduced the Vivian AI Copilot[16] at the SIA conference, including early access for certain clients, to assist with staffing challenges.

Rebranding[edit]

NurseFly was originally launched strictly for travel nurses. During its rebranding to Vivian Health, the digital job marketplace[17] extended its reach to include job listings for permanent positions, per diem shifts and local openings[7]. The expansion also included adding all types of allied health jobs to its marketplace, employer reviews and a salary database to its website.

Along with a new name and logo, Vivian Health rolled out a new product experience.[5] Vivian.com went live on the web and via mobile applications on iOS and Android devices on May 4, 2021, with new tools and capabilities for clinicians to promote a smooth user experience,[18] including:

  • Job Matching with new machine-learning technology that analyzes profiles and job information to match healthcare professionals to job opportunities.
  • Pay Analysis Tools using Vivian’s proprietary pay database that provides detailed salary information across positions and locations.
  • Employer Reviews that provide details on healthcare employers, including employer responsiveness, work environments, benefits and other aspects.
  • Resume Builder that lets healthcare workers design and download a professional resume generated from their Vivian Universal Profile.

Healthcare employers, including hospitals, health systems and staffing agencies, gained access to recruiter templates, real-time messaging and AI-based matching to help them cut down on time-consuming tasks common in the healthcare recruiting industry.

Acquisitions[edit]

In September 2022, Vivian Health announced an agreement with Lume,[19] a banking platform for healthcare workers, allowing Vivian to leverage Lume’s technology to create new banking and financial services for the registered clinicians on its platform.

As part of the agreement, Lume co-founders Christopher Chang and Shantanu Joshi joined Vivian Health to lead product and engineering efforts to develop new financial products and value-added services that directly benefit healthcare professionals.

Awards[edit]

2021:

  • No. 9 on Built In Colorado's 100 Best Places to Work in Colorado list[20]
  • No. 2 on Built In Colorado's 50 Best Small Companies to Work for in Colorado list[21]
  • No. 9 on Built In Colorado's 50 Best Paying Companies in Colorado list[22]
  • No. 40 on Built In Colorado's 50 Companies with the Best Benefits in Colorado list.[23]

2022:

  • No. 27 on Built In's 100 Best Places to Work in Denver list[24]
  • No. 5 on Built In's 50 Best Small Companies to Work in Colorado list[25]
  • No. 22 on Built In's 50 Best Paying Companies in Colorado list.[26]

2023:[27]

  • No. 12 on Built In's 50 Best Startups to Work for in the U.S. 2023 list[28]
  • No. 32 on Built In's 100 Best Fully Remote Places to Work 2023 (All Sizes) list[29]
  • No. 6 on the 50 Best Fully Remote Startups to Work for 2023 list[30]

Key Executives[edit]

  • Parth Bhakta, Founder and CEO
  • Eric Conner, Co-Founder and Chief Technology Officer
  • Adam Greenberg, Chief Financial Officer[31]
  • Ved Sinha, Chief Product Officer[32]
  • Bill Kong, Chief Marketing Officer[33][34]
  • Tim Needham, SVP Revenue and Sales Operations

References[edit]

  1. ^ "Vivian Health Hits One Million Healthcare Workers Served". Business Wire. February 28, 2023. Retrieved March 28, 2023.
  2. ^ "Parth Bhakta, Founder and CEO, Vivian Health". Staff Industry Analysts. 2023. Retrieved August 2, 2023.
  3. ^ "People at Vivian Health". wellfound: formerly AngelList Talent. Retrieved August 2, 2023.
  4. ^ Ha, Anthony (August 20, 2019). "IAC acquires nursing marketplace NurseFly for $15M". TechCrunch+. Retrieved March 28, 2023.
  5. ^ a b "IAC's NurseFly becomes Vivian Health – The Leading Healthcare Jobs Marketplace Transforming How America's Healthcare Professionals Find Work". Business Wire. May 4, 2021. Retrieved March 28, 2023.
  6. ^ "Vivian Brand Design Team". In-House In-Focus. May 22, 2023. Retrieved August 18, 2023.
  7. ^ a b Shu, Catherine (May 4, 2021). "IAC's NurseFly rebrands to Vivian Health as it expands its healthcare jobs marketplace". TechCrunch+. Retrieved March 28, 2023.
  8. ^ "Travel Nurse Platform NurseFly Rebrands to Vivian Health, Expands Services". SIA Staff Industry Analysts. May 12, 2021. Retrieved August 18, 2023.
  9. ^ Pringle, Sarah (April 27, 2022). "$60M for LinkedIn for health care". Axios. Retrieved August 18, 2023.
  10. ^ Weitman, Aaron (May 9, 2022). "Thoma Bravo has ambitious plans for Vivian Health, including an IPO one day". PE Hub. Retrieved August 18, 2023.
  11. ^ Gubagaras, Mark Anthony (April 26, 2022). "Thoma Bravo leads $60M investment in IAC unit Vivian Health". S&P Global Market Intelligence. Retrieved March 28, 2023.
  12. ^ Graham, Patrick (April 27, 2022). "IAC, Collaborative Fund and Thoma Bravo Invest in Vivian Health". Mergers & Acquisitions. Retrieved March 28, 2023.
  13. ^ Torrence, Rebecca (April 28, 2022). "Vivian Health snags $60M for healthcare job marketplace". Fierce Healthcare. Retrieved August 18, 2023.
  14. ^ "Funding Rounds: Vivian Health Raises $60 Million; Clipboard Health Raises 430 Million". Staffing Industry Analysts (SIA). May 10, 2022. Retrieved March 28, 2023.
  15. ^ "Brands – Vivian". IAC. 2023. Retrieved March 28, 2023.
  16. ^ Young, Shannon (December 18, 2023). "Vivian Health's Parth Bhakta says health staffing woes likely to continue in 2024". Retrieved February 21, 2024.
  17. ^ Hudson, MSN, Jane (April 18, 2023). "Vivian Health Travel Nursing Review 2023". BetterNurse.Org. Retrieved August 18, 2023.
  18. ^ Ostrowski, Stephen (January 27, 2022). "Why This Lead UX Engineer's Favorite Design Trend Has Been 'Decades in the Making'". Built In Colorado. Retrieved March 28, 2023.
  19. ^ HRTech News Desk (September 15, 2022). "Vivian Health Acquires Use of Lume Technology To Further Empower And Support Healthcare Workers". HRTech Series. Retrieved March 28, 2023.
  20. ^ "100 Best Places to Work in Colorado 2021". Built In Colorado. January 2013. Retrieved March 28, 2023.
  21. ^ "50 Best Small Companies to Work for in Colorado 2021". Built In Colorado. January 2020. Retrieved March 28, 2023.
  22. ^ "50 Best Paying Companies in Colorado 2021". Built In Colorado. January 1993. Retrieved March 28, 2023.
  23. ^ "50 Companies with the Best Benefits in Colorado 2021". Built In Colorado. January 2005. Retrieved March 28, 2023.
  24. ^ "100 Best Places to Work in Denver 2022". Built In Colorado. January 2008. Retrieved March 28, 2023.
  25. ^ "50 Best Small Companies to Work for in Colorado 2022". Built In Colorado. January 2018. Retrieved March 28, 2023.
  26. ^ "50 Best Paying Companies in Colorado 2022". Built In Colorado. January 1993. Retrieved March 28, 2023.
  27. ^ "Built In Honors Vivian Health in Its Esteemed 2023 Best Places To Work Awards". Business Wire. January 11, 2023. Retrieved March 28, 2023.
  28. ^ "50 Best Startups to Work for in the U.S. 2023". Built In Colorado. January 2006. Retrieved March 28, 2023.
  29. ^ "100 Best Fully Remote Places to Work 2023". Built In Colorado. January 2016. Retrieved March 28, 2023.
  30. ^ "50 Best Fully Remote Startups to Work for 2023". Built In Colorado. January 2006. Retrieved March 28, 2023.
  31. ^ "Vivian Health Appoints C-Suite Executives". SIA Staffing Industry Analysts. March 6, 2023. Retrieved August 18, 2023.
  32. ^ "Adam Greenberg, Ved Sinha, Vivian Health". Modern Healthcare. 2023. Retrieved August 18, 2023.
  33. ^ "People on the Move: Adecco, Dexian, Vivian, Randstad, Robert Half, More". SIA Staffing Industry Analysts. August 4, 2023. Retrieved August 18, 2023.
  34. ^ "Vivian Health Appoints Bill Kong as Chief Marketing Officer". Business Wire. August 1, 2023. Retrieved August 18, 2023.

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