Summary

Grapefruit Health is addressing the massive staffing shortage in healthcare by creating a workforce exclusively composed of clinical students.

Background

Grapefruit Health recruits, trains and manages clinical healthcare students to work remotely on behalf of healthcare organizations through the use of a proprietary, web-based application called the Grove. Grapefruit also helps their clients recruit for their workforce as students near graduation.

Why Cashmere Fund Invested

• Founder-Market Fit: Eric Alvarez is the founder and CEO of Grapefruit Health. He has a master’s in Health Systems Management from Rush University, where he also serves as adjunct faculty. After working as a hospital administrator and COO of an acquired SaaS enterprise healthcare solutions company, Eric was motivated to found Grapefruit Health from his firsthand experience with the challenges presented by healthcare staffing shortages.

• Impact on healthcare organizations and clinicians: Grapefruit is addressing the 3.2 million workforce shortage across US healthcare systems. Not only does their proprietary software platform address the staffing challenges, Grapefruit also helps clinical students find rewarding employment opportunities, as students and beyond. Because of their novel approach, Grapefruit has built a community of 4,000 students and a nation-wide customer base that spans health systems, national provider organizations and vendors in the value-based care space who are all invested in Grapefruit’s success.

Other Active Investors

Hustle Fund, Antler, Village Capital

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