Amazon revolutionized retail, Uber turned the transportation market on its head, Airbnb transformed travel lodging - and now tech innovators want to see the healthcare industry follow in the footsteps of those disruptors.
The New York-based startup called Nomad Health is a prime example; the company aspires to minimizing the medical practitioner shortage that's been running rampant at U.S. hospitals through the inception of an online-based marketplace for clinical jobs.
“There is a huge shortage of doctors in the U.S., along with nurses and other health-care professionals,” said Nomad's CEO, Alexi Nazem, Nomad’s CEO, who in 2015 co-founded the company.
The high cost of hospital administration combined with the staffing shortage is in part due to an age-old system implemented by the healthcare system called locum tenens - a Latin phrase that roughly translates to "to hold a place". The locums market has been going for fifty years strong, and relies on brokers and recruiters to pick and choose medical staff to match with hospitals to get a finder's fee as a return.
Nomad, however, is hoping to change the archaic middle-man function.
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