Failed 2024
Trusted Health
Travel nurse demand skyrocketed during COVID but crashed when the pandemic ended, taking the startup down with it.
Founded → Closed
2017 → 2024
Funding Raised
$175M
Industry
Healthcare/Staffing
Country
USA
IdeaProof AI Failure Score
62/100
Market Fit Risk
55
Burn Rate Risk
75
Founder Risk
20
Full Analysis
Trusted Health was a healthcare staffing platform that matched travel nurses with hospitals. During COVID-19, demand for travel nurses exploded and Trusted's revenue soared. But post-pandemic, hospital staffing normalized, travel nurse pay rates dropped 50-70%, and demand cratered. The company couldn't adapt its cost structure and shut down in 2024.
Could This Failure Have Been Prevented?
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