Shawn Dastmalchi

Cofounder, Apixio

Search every verified Shawn Dastmalchi interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Shawn Dastmalchi, cofounder of Apixio and CEO of Gratia Health, discussed his company's approach to addressing nurse retention and labor costs in a November 2024 podcast appearance. He described Gratia Health's incentive programs, stating that the company calculates return on investment for clients and reported an average return of 10 to 15 times for every dollar spent on such programs. He also cited data from the company's initial product, claiming that nurses who achieve a tier through incentives for picking up additional shifts are five times more likely to stay through the next quarter. In the same conversation, Dastmalchi addressed broader industry challenges, noting that average hospital turnover rates in the U.S. are 18 percent and that each nurse replacement costs approximately $56,000, which he said amounts to an $18 billion annual burden on hospitals. He also spoke about his leadership philosophy, emphasizing open communication with team members and the importance of fostering motivation and positive energy, stating that information is becoming commoditized and that team cohesion is central to success.