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A workflow platform that helps hospitals coordinate medical residency interviews and hiring.
The wedge was not a new hiring theory: it was turning a chaotic, email-and-phone interview season into a schedulable workflow hospitals could adopt one program at a time.
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Jason Reminick and cofounder Susie Karen started Thalamus in 2013 after Reminick's own residency interview season was disrupted by Hurricane Sandy. The cloud SaaS replaces manual email and phone coordination with an application that imports applicants, invites candidates, books interview slots in real time, and gives hospital programs tools to score candidates and manage decisions. The business sells annual licenses: small programs pay hundreds to thousands of dollars, while hospital systems can pay tens or hundreds of thousands. The founder put an average hospital license at roughly $50,000–$75,000 annually. The interview reports more than 2,000 residency and fellowship programs across 200-plus hospital systems, a 2020 first $1 million year, and rapid growth after adding its own virtual interview product during the pandemic. Revenue statements conflict: the founder says $4M–$5M, then corrects the interviewer that revenue is lower, while the closing recap says above $3M ARR. Treat the scale as substantial but imprecise.
For Thalamus, the first buyers are residency program directors and coordinators who feel the interview-season burden every day, while the budget may sit with a department or hospital system.
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Data credibility: Founder interview with host-reported framing. The founder describes more than 2,000 residency and fellowship programs across 200-plus hospital systems, annual license ranges, a 2020 first $1 million year, and current revenue around $4M–$5M before correcting that figure downward. The closing recap says above $3M ARR; the earlier arithmetic suggesting $10M was explicitly rejected. These statements are inconsistent and unaudited. The $50K–$75K average annual license and the customer counts are founder-reported. The video describes a $1.5M seed in 2019, roughly $1.5M earlier funding, and an $8M Series A described as closing. Auto-captions garble the company name in places; Thalamus is supported by the host's title and video description.
The revenue model is annual licensing, with price scaled to the size of a residency program or hospital system. That structure fits an institutional workflow better than charging applicants: hospitals pay to manage recruiting, and candidates receive a smoother booking experience.
Thalamus gained momentum when the product expanded from scheduling into virtual interviewing during the pandemic. That addition handled video links and interview-day logistics as programs moved online, making the platform more central to the full recruiting workflow.
A hospital workflow company can spend months hearing polite interest without getting a budget owner, especially when the buying cycle is tied to a once-a-year recruiting season.
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