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AMN Healthcare Services, Inc. (NYSE:AMN), stands as a premier innovator in healthcare workforce solutions across the United States. The company's core focus is on providing comprehensive talent solutions including managed services programs, clinical and interim healthcare leaders, temporary staffing, permanent placement, and executive search. Through strategic recruitment and a vast network of quality clinicians and physicians, AMN Healthcare ensures efficiency and improved patient outcomes.
AMN Healthcare has been at the forefront of utilizing technology to enhance recruitment processes. Their recent innovations include the ShiftWise Flex, a vendor-neutral workforce management platform that integrates with hospitals' talent pools, providing real-time analytics and reports through Market Insights. This platform plays a pivotal role in aiding healthcare systems to manage their internal float pools effectively and adapt to evolving demands.
Financially, AMN has shown resilience amidst market fluctuations. Despite a 27% revenue drop to $818 million in Q4 2023, the company achieved notable milestones such as the acquisition of MSDR, bolstering its locum tenens market presence and the expansion of language services. In Q1 2024, AMN reported $821 million in revenue, with continued focus on expense management and technology advancements.
AMN Healthcare's commitment to diversity and inclusion is reflected in its recognition as one of America’s Greatest Workplaces for Diversity by Newsweek. The company fosters a team that mirrors the diverse communities it serves, ensuring a wide range of perspectives and experiences contribute to its leadership and innovation in healthcare services.
For more details, visit AMN Healthcare or explore career opportunities at AMN Careers.
AMN Healthcare reported Q4 2024 revenue of $735 million, down 10% year-over-year but up 7% from previous quarter. The company posted a Q4 net loss of ($4.90) per share, primarily due to a $222 million non-cash goodwill impairment charge. Adjusted EPS was $0.75.
Key segment performance: Nurse and Allied Solutions revenue was $455 million (down 15% YoY), Physician and Leadership Solutions revenue was $173 million (up 3% YoY), and Technology and Workforce Solutions revenue was $107 million (down 5% YoY).
Full year 2024 results showed consolidated revenue of $2.984 billion, a 21% decrease from 2023. The company reduced debt by $75 million in Q4, bringing full-year repayment to $250 million. Cash flow from operations was $73 million for Q4 and $320 million for the year.
AMN Healthcare's Smart Square® has been awarded the 2025 Best in KLAS Scheduling: Nurse & Staff award, maintaining its highest ranking among competitors throughout 2024. The workforce management technology received top marks in categories including Culture, Operations, and Value according to the 2025 Best in KLAS Awards report.
Smart Square's success is attributed to its ability to provide precise staffing forecasts, enterprise-wide transparency, and continuous improvement guidance. The solution helps healthcare organizations optimize workforce utilization, enhance staff satisfaction, improve outcomes, and achieve cost savings.
Meredith Lapointe, Chief Business Officer at AMN Healthcare, acknowledged the important role of client feedback in achieving this recognition, emphasizing the company's dedication to innovation and excellence in workforce technology. KLAS Research's RCM/Business Solutions Research Director, Niel Oscarson, highlighted how Smart Square empowers healthcare organizations with actionable insights and effective workforce management tools.
AMN Healthcare Services (NYSE: AMN) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for Thursday, February 20, 2025, at 5:00 p.m. Eastern Time. The company plans to release its earnings report after market close at approximately 4:15 p.m. Eastern Time on the same day.
The conference call will be accessible via webcast and telephone, with registration required for dial-in access. The call will discuss financial results and provide outlook for the first quarter of 2025. Following the call, a replay will be available on the company's investor relations website.
AMN Healthcare specializes in total talent solutions for healthcare organizations, offering services including direct staffing, managed services programs, clinical leadership, temporary staffing, permanent placement, and various other healthcare workforce solutions.
AMN Healthcare has announced its commitment to science-based emissions reduction targets approved by the Science Based Targets initiative (SBTi). The company aims to reduce its absolute scope 1, 2, and 3 emissions by 42.8% by 2030 from a 2022 base year, and achieve a 90% reduction by 2050 with net-zero emissions across its value chain. Key initiatives include implementing an internal carbon pricing strategy, purchasing Renewable Energy Credits, developing a Climate Transition Plan, and engaging suppliers through environmental requirements in the Vendor Code of Conduct. The company will report progress through annual Sustainability & Social Impact Reports.
AMN Healthcare reported Q3 2024 financial results with revenue of $688 million, representing a 19% decrease year-over-year. The company posted GAAP EPS of $0.18 and adjusted EPS of $0.61. Net income was $7 million, down 87% from Q3 2023. Despite challenging conditions, performance exceeded expectations with strong cash flow from operations at $67 million. The Nurse and Allied Solutions segment revenue decreased 30% to $399 million, while Physician and Leadership Solutions grew 13% to $181 million. The company reduced debt by $60 million during the quarter, with a net leverage ratio of 2.8:1.
AMN Healthcare (NYSE: AMN) has appointed Tomya Watt as Chief People Officer, effective January 13, 2025. Watt joins from Memorial Sloan Kettering Cancer Center, where she served as interim Chief Human Resources Officer and Chief Diversity Officer, managing a 170-person team in a $6.7 billion, 22,000-employee organization. She previously held senior leadership positions at Kelly Services and Comerica Bank. At Memorial Sloan Kettering, Watt enhanced organizational effectiveness, improved decision-making with real-time people data, reduced talent acquisition costs, and strengthened inclusion initiatives. She holds an MBA from Howard University and a BA in Economics from Spelman College.
AMN Healthcare Services, Inc. (NYSE: AMN) has appointed Brian Scott as Chief Financial Officer and Chief Operating Officer, effective November 21, 2024. Scott, who previously worked at AMN for 17 years, including as CFO and Chief Accounting Officer from 2011 to 2021, will be responsible for finance and enterprise operating functions. During his previous tenure, AMN experienced significant growth, with a fourfold increase in quarterly revenue and a 13x increase in adjusted EBITDA from Q4 2010 through Q2 2021.
Scott's appointment follows the announcement that Jeffrey Knudson will step down as CFO on November 8, 2024. Most recently, Scott served as CFO of Jack in the Box Inc. (NASDAQ: JACK). AMN's CEO, Cary Grace, expressed confidence in Scott's ability to drive increased value for stakeholders, citing his deep knowledge of AMN and industry expertise.
AMN Healthcare has launched WorkWise, an innovative technology suite that unifies its technologies into a single offering. This comprehensive solution addresses staffing efficiency, enhances financial planning, and improves operational efficiency in healthcare systems. WorkWise combines capabilities for quantifying staffing demand, predictive scheduling, automated workforce management, and enhanced clinician engagement using AI technology.
The integrated system allows hospitals to optimize personnel for various job types, sourcing from both internal and external talent pools. It aims to reduce costs and predict staffing needs with greater precision. WorkWise leverages automation and data analysis to provide insights and build engaged talent networks, increasing the speed-to-fill for staffing needs.
This solution is designed to create a more responsive, efficient, and patient-centered workforce, leading to enhanced healthcare delivery. It offers benefits such as greater staff efficiency, reduced burnout and turnover, and improved financial planning.
AMN Healthcare Services, Inc. (NYSE: AMN) announced that Jeffrey Knudson will step down as Chief Financial Officer on November 8, 2024, to pursue an opportunity outside the healthcare staffing industry. The company expects to announce a new leader in an expanded Chief Financial Officer/Chief Operating Officer role before Knudson's departure.
AMN's President and CEO, Cary Grace, thanked Knudson for his leadership over the past three years. Knudson expressed confidence in the team's capabilities and the company's future positioning. AMN also reaffirmed its financial guidance for the third quarter of 2024, which was previously provided on August 8, 2024. The company will report its Q3 2024 financial results on November 7, 2024.
AMN Healthcare Services (NYSE: AMN) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Thursday, November 7, 2024, at 5:00 p.m. Eastern Time. The company plans to release its earnings report after market close on the same day, at approximately 4:15 p.m. Eastern Time. Interested parties can access the live webcast through a provided link or participate via telephone by registering online. A replay of the webcast will be available on AMN Healthcare's investor relations website following the call.
AMN Healthcare is described as the leader and innovator in total talent solutions for healthcare organizations across the United States. The company offers a comprehensive network of healthcare professionals and provides various services including managed services programs, clinical and interim healthcare leaders, temporary staffing, permanent placement, and more.
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