Profile: AMN Healthcare Services Inc (AHS)
21 Aug 2014
AMN Healthcare Services, Inc. (AMN Healthcare), incorporated on November 10, 1997, is the healthcare workforce solutions and staffing services to healthcare facilities. The Company manages services programs, recruitment process outsourcing, consulting services, and placement of physicians, nurses and allied healthcare professionals into temporary and permanent positions enable its clients to successfully reduce complexity, increase efficiency and improve patient outcomes within the rapidly evolving healthcare environment. The Company's clients include acute and sub-acute care hospitals, government facilities, community health centers and clinics, physician practice groups, and several other healthcare settings. The Company's number of hospital, healthcare facility and other clients provides the Company with the opportunity to offer clinical positions typically in all 50 states and in a variety of work environments and clinical settings. In November 2013, AMN Healthcare Services, Inc announced the acquisition of ShiftWise. Effective March 17, 2014, AMN Healthcare Services Inc acquired an undisclosed minority stake in PipelineRx, a developer of telepharmacy software.
The Company uses distinct brands to market its different services to its two client bases: healthcare organizations and clinicians and physicians. The Company markets its managed services solutions and travel nurses and allied recruitment services to hospitals and healthcare facilities generally under one brand, AMN Healthcare , as a single managed services provider with access to clinicians through multiple recruitment brands. The Company markets its locum tenens and physician permanent placement services to healthcare organization clients as an AMN Healthcare company under brand names, including Staff Care and Merritt Hawkins . The Company uses a multi-brand recruiting strategy to attract clinicians and physicians. Specifically, the Company primarily markets its employment and career opportunities to healthcare professionals under the brands: American Mobile Healthcare, Nursefinders , Medical Express , NurseChoice , NursesRx , Med Travelers , Club Staffing , Rx Pro Health , O'Grady Peyton International , Staff Care , Linde Healthcare , Kendall & Davis and Merritt Hawkins .
Nurse and Allied Healthcare Staffing Segment
The Company through its nurse and allied healthcare staffing segment, the Company provides hospital and other healthcare facilities with a range of clinical workforce solutions, including managed services workforce solution in which the Company can manage all of the contingent needs for a client; a recruitment process outsourcing program that leverages and supports systems to replace or complement a client's existing internal recruitment function for permanent staffing needs, and more traditional staffing service solutions of local, short- and long-term assignment lengths.
The Company provides a range of nurse specialties and disciplines, most of whom is registered nurses, for temporary assignments throughout the United States. Assignments in acute-care hospitals, including teaching institutions, trauma centers and community hospitals comprise the majority of the Company's assignments. The Company also offers local staffing. Local staffing involves the placement of locally based healthcare professionals on daily shift work on an as-needed basis. Hospitals and healthcare facilities often give only a few hours notice of their local staffing assignments, which require a turnaround from their staffing agencies of generally less than 24 hours.
Locum Tenens Staffing Segment
Under the Company's Staff Care and Linde Healthcare brands, the Company places as independent contractors physicians of all specialties, certified registered nurse anesthetists, nurse practitioners, physician assistants and dentists on a temporary, or locum tenens, basis with all types of healthcare organizations throughout the United States, including hospitals, medical groups, occupational medical clinics, individual practitioners, networks, psychiatric facilities, government institutions, and managed care entities. The Company recruits these professionals nationwide and typically places them on multi-week contracts with assignment lengths ranging from a few days up to one year.
Physician Permanent Placement Services Segment
The Company provides physician permanent placement services under its Merritt Hawkins and Kendall & Davis brands to hospitals, healthcare facilities and physician practice groups throughout the United States. Using a distinct consultative approach that the Company believes is more client-oriented, the Company performs the majority of its services on a retained basis, through its Merritt Hawkins brand, for which the Company is generally paid through a blend of retained search fees and variable fees tied to work performed and placement. The Company also performs its services on a contingent basis, exclusively through its Kendall & Davis brand, for which fees are paid once physician candidates are ultimately hired by its clients. The Company's broad specialty offerings include over 70 specialist and sub-specialist opportunities such as internal medicine, family practice and surgery. The Company offers clinicians and physicians placement opportunities and provides staffing solutions to its clients throughout the United States. The Company typically generates revenue in all 50 states.
The Company competes with CHG Healthcare Services, Cross Country Healthcare, Maxim Healthcare, Jackson Healthcare, On Assignment, Parallon and MedAssets.
AMN Healthcare Services Inc
Suite 100, 12400 High Bluff Driv
SAN DIEGO CA 92130