VeloSource
VeloSource is a St. Louis-based locum tenens healthcare staffing firm that places physicians, CRNAs, physician assistants, and nurse practitioners at hospitals, health systems, universities, and physician groups nationwide. Backed by Interlock Equity since September 2025, the company expanded its platform in June 2026 through the acquisitions of Quest Locum Tenens and Syncx.
- Company typePrivate
- Founded2015
- HeadquartersSt Louis, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What VeloSource does
VeloSource is a privately held, St. Louis-headquartered healthcare staffing firm founded in 2015 by Jeff Schaal and Patrick Donovan. The company specializes in locum tenens placement, matching physicians, CRNAs, physician assistants, and nurse practitioners with hospitals, health systems, universities, and physician groups across the United States. Service breadth spans more than 15 medical specialties including Anesthesiology, Emergency Medicine, Cardiology, OBGYN, Surgery, Radiology, and Hospitalist coverage. The firm operates a sales-led, enterprise-field model: account managers develop direct relationships with healthcare facilities and serve as a single point of contact, while internal recruiters run outbound candidate acquisition against a proprietary database. Approximately 40% of the provider roster is sourced via word-of-mouth referral from existing clinicians, and the average assignment duration of one year indicates clients use VeloSource for continuity of care rather than spot coverage.
The underlying technology stack combines a proprietary internal credentialing system covering medical licenses, DEA registrations, and board certifications with the Syncx vendor-neutral workforce management platform acquired in June 2026. Syncx contributes a physician float pool model that automates scheduling and replaces manual workflows such as whiteboards and spreadsheets, alongside candidate matching and vendor management capabilities. Pricing is quote-based and negotiated per assignment according to specialty, duration, geography, and provider credentials, with revenue earned on a transaction-fee basis per successful placement.
VeloSource reported $46 million in annual revenue for FY2024 and has compounded revenue at over 20% year-over-year for multiple consecutive years, reaching an implied FY2025 run-rate in the high-$50M range. The company received a strategic growth investment from Los Angeles-based private equity firm Interlock Equity in September 2025, with proceeds earmarked for regional office buildout, specialty depth, and technology investment. Founder Jeff Schaal transitioned from President to CEO as part of the transaction, with co-founder Patrick Donovan moving to the board. In June 2026, VeloSource completed its first major M&A, simultaneously acquiring Quest Locum Tenens (a nationwide clinical placement firm) and Syncx (the workforce management technology platform) to assemble a unified healthcare workforce solutions platform. As of 2025-2026 the firm has earned Staffing Industry Analysts "Best Staffing Firm to Work For" recognition in consecutive years and counts two inaugural NALTO Hall of Fame inductees on its leadership bench.
VeloSource firmographics
Firmographics- Name
- VeloSource
- Legal name
- VeloSource LLC
- Website
- https://velosource.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- VeloSource is a St. Louis-based locum tenens healthcare staffing firm that places physicians, CRNAs, physician assistants, and nurse practitioners at hospitals, health systems, universities, and physician groups nationwide. Backed by Interlock Equity since September 2025, the company expanded its platform in June 2026 through the acquisitions of Quest Locum Tenens and Syncx.
- Ownership category
- akta.pro rank
VeloSource industry classification
Industry- Product category
- Healthcare Staffing Services
- SIC
- Services-Help Supply Services (7363)
- akta.pro primary industry
- Clinical Operations & Monitoring FSP (CRA/CTM/Start-up) (HLAGAOAA)
- akta.pro secondary industries
- Manufacturing, MSAT & Operations Staffing (API/Biologics/Cell & Gene) (HLAGAOAL), Commercial, Sales & Field Medical (MSL) Staffing FSP (HLAGAOAO)
Keywords
Where VeloSource is headquartered
LocationHeadquarters
- HQ city
- St Louis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
VeloSource business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Locum Tenens Staffing Services: VeloSource provides locum tenens staffing services to healthcare facilities, placing physicians, CRNAs, physician assistants, and nurse practitioners. The company earns fees for successful placements of temporary healthcare professionals to hospitals, health systems, universities, and physician groups nationwide.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Custom staffing solutions based on facility needs |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
VeloSource product offering
Product offeringCore offering
VeloSource is a healthcare staffing firm that provides locum tenens staffing services, placing physicians, CRNAs, physician assistants, and nurse practitioners into temporary assignments at hospitals, health systems, universities, and physician groups nationwide. Following its June 2026 acquisitions of Quest Locum Tenens and Syncx, the company operates as a unified healthcare workforce solutions platform combining its locum tenens staffing services with Syncx's vendor-neutral workforce management technology and Quest's nationwide clinical placement capabilities.
Product overview
VeloSource is a unified healthcare workforce solutions platform offering locum tenens staffing services through its core platform, augmented by acquired brands Quest Locum Tenens (nationwide clinical placement) and Syncx (vendor-neutral workforce management technology). The platform connects healthcare facilities with temporary clinicians including physicians, CRNAs, physician assistants, and nurse practitioners. Syncx's technology automates scheduling and replaces manual workflows, while Quest extends VeloSource's national reach and clinician network.
Differentiator
Problem solved
Functional benefit
Brands
- Quest Locum Tenens: Nationwide clinical placement services for physicians and other medical professionals; acquired by VeloSource in June 2026 and continues operating as its own brand
- Syncx
Products and services
- VeloSource Locum Tenens Staffing Services
- Quest Locum Tenens
- Syncx Vendor-Neutral Workforce Management Platform
Quantifiable outcome
- 40% of current providers are referred by fellow providers, demonstrating customer satisfaction and quality of service
- +3 more outcomes
Companies that use VeloSource
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles2 records
VeloSource technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
VeloSource partnerships and signals
Strategic signalScale indicators7 records
Recent moves7 records
Expansion highlights6 records
VeloSource competitors and assessment
Company assessmentBroad incumbents
- AMN Healthcare: Largest publicly traded US healthcare staffing company with a locum tenens division (Staff Care) alongside nurse, allied, and physician permanent placement. Directly comparable on locum tenens physician/AP staffing but operates at far larger scale and broader portfolio.
- Cross Country Healthcare: Publicly traded diversified healthcare staffing firm with a locum tenens and physician staffing segment. Comparable on locum tenens service line but broader in nurse, allied, and non-clinical staffing, and at larger scale.
- HealthTrust Workforce Solutions: Healthcare staffing and workforce solutions arm of HCA Healthcare, with locum tenens and contract staffing offerings for hospitals. Comparable in addressing hospital-system contingent labor needs but at much larger scale via HCA's hospital footprint.
Direct peers
- CHG Healthcare: Parent of CompHealth and Weatherby Healthcare, two of the largest locum tenens brands in the US. Closest direct competitor to VeloSource across physician, CRNA, NP, and PA locum tenens placement, with broader specialty coverage and enterprise reach.
- Jackson Healthcare: Privately held, Atlanta-based healthcare staffing company with significant locum tenens and permanent placement operations for physicians and advanced practitioners. Comparable mid-market private competitor with similar provider-base focus.
- LocumTenens.com: Specialized locum tenens agency with a strong digital sourcing platform serving physicians, CRNAs, NPs, and PAs. Highly comparable to VeloSource on provider mix, specialties, and transaction model.
- Aya Healthcare: Large healthcare staffing and workforce solutions firm with a physician/AP locum tenens offering alongside its core travel nursing business. Comparable technology-enabled GTM motion, particularly relevant given VeloSource's Syncx acquisition.
- Hayes Locums: Specialty-focused locum tenens staffing firm placing physicians and advanced practitioners across the US. Closely comparable in size, scope, and specialty mix to VeloSource's core locum tenens offering.
- Weatherby Healthcare: Operating brand under CHG Healthcare focused exclusively on physician locum tenens. Most directly comparable single-specialty competitor to VeloSource, especially in anesthesia, emergency medicine, and hospitalist coverage.
- CompHealth: Flagship locum tenens and physician staffing brand under CHG Healthcare. Direct competitor to VeloSource across virtually all specialties and provider types VeloSource serves, with deeper enterprise relationships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
VeloSource social profiles
Digital presenceVeloSource financial estimates
Financial estimateRevenue estimate
Valuation estimate
VeloSource leadership team
Management profileNumber of profiles
Profiles9 records
VeloSource subsidiaries and ownership
Company hierarchySubsidiaries2 records
VeloSource funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VeloSource M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VeloSource
What does VeloSource do?
VeloSource is a healthcare staffing firm that provides locum tenens staffing services, placing physicians, CRNAs, physician assistants, and nurse practitioners into temporary assignments at hospitals, health systems, universities, and physician groups nationwide. Following its June 2026 acquisitions of Quest Locum Tenens and Syncx, the company operates as a unified healthcare workforce solutions platform combining its locum tenens staffing services with Syncx's vendor-neutral workforce management technology and Quest's nationwide clinical placement capabilities.
Is VeloSource a public or private company?
VeloSource is a private company. It is classified as private equity controlled and is currently operating.
When was VeloSource founded?
VeloSource was founded in 2015. It employs 51 to 100 people.
Where is VeloSource based?
VeloSource is headquartered in St Louis, United States, in the North America region.
How does VeloSource make money?
One revenue line is on record: locum Tenens Staffing Services.
Who are VeloSource's main competitors?
Broad incumbents on record are AMN Healthcare, Cross Country Healthcare and HealthTrust Workforce Solutions. Direct peers are CHG Healthcare, Jackson Healthcare, LocumTenens.com, Aya Healthcare, Hayes Locums, Weatherby Healthcare and CompHealth.
Does VeloSource have an API?
No public API is recorded for VeloSource.
What industry is VeloSource in?
VeloSource's product category is Healthcare Staffing Services. Its primary akta.pro industry code is HLAGAOAA, Clinical Operations & Monitoring FSP (CRA/CTM/Start-up), with a secondary code of HLAGAOAL, Manufacturing, MSAT & Operations Staffing (API/Biologics/Cell & Gene). Its SIC code is 7363.