What is ShiftWizard?
ShiftWizard by HealthStream specializes in streamlining workforce management for hospitals and healthcare facilities. Its user-friendly software facilitates comprehensive scheduling, enhances communication, and optimizes the workforce, ultimately leading to improved patient care. The solution is designed for a broad spectrum of healthcare organizations, from national health systems to regional skilled nursing facilities. ShiftWizard's core mission is to improve staff work-life balance and reduce scheduling-related stress, a commitment reflected in its impressive customer retention rate exceeding 99%.
How much funding has ShiftWizard raised?
ShiftWizard has raised a total of $3.4M across 2 funding rounds:
Private Equity
$3M
Debt
$350K
Private Equity (2016): $3M with participation from Resolute Venture Partners
Debt (2020): $350K led by PPP
Key Investors in ShiftWizard
Resolute Venture Partners
Resolute Venture Partners is an early-stage investment firm that leads pre-seed and seed funding rounds, backing determined founders with strong visions. They focus on providing comprehensive support through community, mentorship, and fostering health and wellness among their portfolio companies.
What's next for ShiftWizard?
The substantial enterprise-level funding and recent strategic investment indicate ShiftWizard is poised for accelerated growth and market penetration. This capital infusion is likely to fuel further development of its advanced scheduling and workforce optimization tools, potentially expanding its service offerings to address broader healthcare operational challenges. The company's focus on customer partnership and high retention rates suggests a stable foundation for scaling its operations and increasing its market share within the competitive healthcare technology sector. Future strategic initiatives may involve deeper integration with existing hospital systems and enhanced analytics capabilities.
See full ShiftWizard company page
