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AMN Healthcare Launches WorkWise: A Comprehensive Workforce Management & Talent Sourcing Technology

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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 ha lanciato WorkWise, una suite tecnologica innovativa che unifica le sue tecnologie in un'unica offerta. Questa soluzione completa affronta l'efficienza del personale, migliora la pianificazione finanziaria e aumenta l'efficienza operativa nei sistemi sanitari. WorkWise combina capacità per quantificare la domanda di personale, programmazione predittiva, gestione automatizzata della forza lavoro e coinvolgimento migliorato dei clinici utilizzando la tecnologia AI.

Il sistema integrato consente agli ospedali di ottimizzare il personale per diversi tipi di lavoro, attingendo a pool di talenti sia interni che esterni. Mira a ridurre i costi e prevedere le necessità di personale con maggiore precisione. WorkWise sfrutta automazione e analisi dei dati per fornire informazioni e costruire reti di talenti coinvolti, aumentando la rapidità nel soddisfare le esigenze di personale.

Questa soluzione è progettata per creare una forza lavoro più reattiva, efficiente e centratain sul paziente, portando a un miglioramento della fornitura di assistenza sanitaria. Offre vantaggi come maggiore efficienza del personale, riduzione del burnout e del turnover, e miglioramento della pianificazione finanziaria.

AMN Healthcare ha lanzado WorkWise, una suite tecnológica innovadora que unifica sus tecnologías en una única oferta. Esta solución integral aborda la eficiencia del personal, mejora la planificación financiera y optimiza la eficiencia operativa en los sistemas de salud. WorkWise combina capacidades para cuantificar la demanda de personal, programación predictiva, gestión automatizada de la fuerza laboral y mejora del compromiso del clínico utilizando tecnología de inteligencia artificial.

El sistema integrado permite a los hospitales optimizar el personal para diversos tipos de empleos, obteniendo talento tanto de fuentes internas como externas. Su objetivo es reducir costos y predecir las necesidades de personal con mayor precisión. WorkWise aprovecha la automatización y el análisis de datos para proporcionar información y construir redes de talento comprometido, aumentando la velocidad para cubrir las necesidades de personal.

Esta solución está diseñada para crear una fuerza laboral más receptiva, eficiente y centrada en el paciente, lo que conduce a una mejora en la entrega de atención médica. Ofrece beneficios como mayor eficiencia del personal, reducción del agotamiento y la rotación, y mejora en la planificación financiera.

AMN Healthcare는 WorkWise를 출시했습니다. 이는 자사의 기술을 통합한 혁신적인 기술 제품군입니다. 이 종합 솔루션은 인력 효율성을 개선하고,재정 계획을 강화하며,운영 효율성을 향상시킵니다. WorkWise는 AI 기술을 활용하여 인력 수요 정량화, 예측 스케줄링, 자동화된 인력 관리, 향상된 clinician 참여의 기능을 결합합니다.

이 통합 시스템은 병원이 다양한 직무 유형에 대해 인력을 최적화할 수 있도록 하며, 내부 및 외부 인재 풀에서 인재를 조달합니다. 이 시스템의 목표는 비용 절감인력 요구 예측을 더 정확하게 수행하는 것입니다. WorkWise는 자동화 및 데이터 분석을 활용하여 통찰력을 제공하고 참여하는 인재 네트워크를 구축하여 인력 필요의 충원 속도를 높입니다.

이 솔루션은 더 유연하고 효율적이며 환자 중심의 인력을 만들어 의료 서비스 제공을 향상시킬 수 있도록 설계되었습니다. 더 큰 인력 효율성, 소진 및 이직률 감소, 개선된 재정 계획과 같은 혜택을 제공합니다.

AMN Healthcare a lancé WorkWise, une suite technologique innovante qui unifie ses technologies en une seule offre. Cette solution complète vise à améliorer l'efficacité du personnel, à renforcer la planification financière et à améliorer l'efficacité opérationnelle dans les systèmes de santé. WorkWise combine des capacités pour quantifier la demande en personnel, planification prédictive, gestion automatisée de la main-d'œuvre, et engagement accru des cliniciens grâce à la technologie AI.

Le système intégré permet aux hôpitaux de maximiser le personnel pour différents types d'emplois, en s'approvisionnant à la fois dans des bassins de talents internes et externes. Il vise à réduire les coûts et à prévoir les besoins en personnel avec plus de précision. WorkWise exploite l'automatisation et l'analyse des données pour fournir des informations et construire des réseaux de talents engagés, augmentant ainsi la rapidité de remplissage des besoins en personnel.

Cette solution est conçue pour créer une main-d'œuvre plus réactive, efficace et centrée sur le patient, conduisant à une amélioration de la prestation des soins de santé. Elle offre des avantages tels qu'une meilleure efficacité du personnel, une réduction de l'épuisement et du turnover, et une amélioration de la planification financière.

AMN Healthcare hat WorkWise eingeführt, eine innovative Technologielösung, die ihre Technologien in ein einheitliches Angebot zusammenführt. Diese umfassende Lösung adressiert die Effizienz des Personals, verbessert die finanzielle Planung und steigert die betrieblichen Effizienz in Gesundheitssystemen. WorkWise kombiniert Funktionen zur Quantifizierung des Personalbedarfs, vorausschauenden Planung, automatisierten Arbeitskräfteverwaltung und verbesserten Einbindung der Kliniker unter Verwendung von KI-Technologie.

Das integrierte System ermöglicht es den Krankenhäusern, das Personal für verschiedene Berufsfelder zu optimieren, indem es sowohl interne als auch externe Talentpools nutzt. Ihr Ziel ist es, die Kosten zu senken und den Personalbedarf präziser vorherzusagen. WorkWise nutzt Automatisierung und Datenanalyse, um Erkenntnisse zu liefern und engagierte Talentnetzwerke aufzubauen, was die Schnelligkeit bei der Besetzung von Personalbedarfen erhöht.

Diese Lösung ist darauf ausgelegt, eine reaktionsschnelle, effiziente und patientenzentrierte Arbeitskraft zu schaffen, die zu einer verbesserten Gesundheitsversorgung führt. Sie bietet Vorteile wie höhere Personaleffizienz, geringere Ermüdung und Fluktuation sowie verbesserte finanzielle Planung.

Positive
  • Launch of WorkWise, a comprehensive workforce management and talent sourcing technology
  • Integration of multiple capabilities to address complex workforce challenges
  • Potential for cost reduction and improved staffing efficiency
  • Enhanced predictive analytics for staffing needs
  • Automation and AI integration for improved workforce management
Negative
  • None.

Insights

AMN Healthcare's launch of WorkWise represents a significant advancement in healthcare workforce management technology. This comprehensive suite integrates multiple functionalities, including demand quantification, predictive scheduling and AI-driven clinician engagement, addressing critical pain points in the healthcare staffing sector.

The potential impact on operational efficiency and cost management for healthcare systems is substantial. By optimizing staffing across various employment types (permanent, per diem, contract) and sourcing channels (internal and external), WorkWise could significantly reduce labor costs, which typically account for 50-60% of a hospital's operating budget.

The predictive analytics component is particularly noteworthy, as it could help mitigate the persistent challenges of staff shortages and burnout in healthcare. By enabling more precise staffing forecasts, hospitals may be able to reduce overtime costs and improve employee satisfaction, potentially leading to lower turnover rates.

While the immediate financial impact on AMN Healthcare is not quantified, this product launch positions the company competitively in the evolving healthcare technology market. It aligns with the industry trend towards data-driven decision-making and could potentially create a new revenue stream for AMN, diversifying its offerings beyond traditional staffing services.

The launch of WorkWise is a strategic move that could significantly impact AMN Healthcare's financial performance and market position. While specific revenue projections are not provided, this product has the potential to diversify and expand AMN's revenue streams beyond traditional staffing services.

For context, AMN Healthcare reported $3.8 billion in revenue for 2022, with a significant portion from staffing services. WorkWise represents an opportunity to tap into the growing healthcare IT market, estimated to reach $167.4 billion by 2028, according to Grand View Research.

The integrated nature of WorkWise could lead to higher client retention rates and potentially larger contract values. By offering a comprehensive solution, AMN may be able to capture a larger share of client budgets and create stickier, long-term relationships.

Investors should monitor adoption rates and the impact on AMN's revenue mix in upcoming quarters. If successful, WorkWise could improve AMN's profit margins, as software solutions typically carry higher margins than staffing services. This could lead to improved earnings quality and potentially a higher valuation multiple for AMN's stock.

Addresses staffing efficiency, enhances financial planning, and improves operational efficiency in healthcare systems through all-in-one technology solution to manage internal and external talent.

DALLAS, Oct. 02, 2024 (GLOBE NEWSWIRE) -- AMN Healthcare today launched WorkWise, an innovative technology suite that unifies its technologies into one single technology offering. By combining the capabilities of quantifying staffing demand with predictive scheduling, automated workforce management, and enhanced clinician engagement using AI technology, it is designed to streamline workforce processes, empowering healthcare systems to efficiently source the right talent at the right time, while effectively managing costs.

Completely integrated with healthcare organizations’ internal systems, hospitals will be able to optimize personnel for any type of job (permanent, per diem, contract), sourcing from internal and external talent, to reduce costs and predict staffing needs with greater precision. This solution leverages automation and data analysis to provide insights and build engaged talent networks for effective workforce management and increased speed-to-fill for staffing needs.

“WorkWise is an integrated solution with multiple capabilities that work together to address complex workforce challenges in the healthcare industry,” said Nishan Sivathasan, Division President, Technology and Workforce Solutions at AMN Healthcare. “Together they provide a full end-to-end solution for hospitals and healthcare systems, built to adapt and evolve with their needs." 

As health systems work toward shaping the future of healthcare, WorkWise empowers them with predictive workforce analytics, enabling the creation of a more responsive, efficient, and patient-centered workforce, leading to enhanced healthcare delivery. This innovation brings multiple benefits: greater staff efficiency, reduced burnout and turnover, and improved financial planning. By leveraging cutting-edge technology to streamline operations, hospitals can focus more on providing exceptional patient care, while WorkWise helps optimize processes and improve overall efficiency in healthcare settings.

For more information about WorkWise and how it can benefit your organization, please visit www.workwise.amnhealthcare.com.

About AMN Healthcare  

AMN Healthcare is the leader and innovator in total talent solutions for healthcare organizations across the United States. Through a steadfast partnership approach, we solve the most pressing workforce challenges to enable better clinical outcomes and access to care. We provide a comprehensive network of quality healthcare professionals and deliver a fully integrated and customizable suite of workforce technologies. 

Media Contact
Corporate Communications
AMN Healthcare
AMN-PR@amnhealthcare.com
Investor Contact
Randle Reece
Senior Director, Investor Relations & Strategy
AMN Healthcare
(866) 861-3229
investorrelations@amnhealthcare.com

FAQ

What is AMN Healthcare's WorkWise and when was it launched?

WorkWise is an innovative technology suite launched by AMN Healthcare on October 2, 2024. It unifies AMN's technologies into a single offering, designed to streamline workforce processes and enhance staffing efficiency in healthcare systems.

How does WorkWise (AMN) aim to improve healthcare workforce management?

WorkWise aims to improve healthcare workforce management by combining capabilities for quantifying staffing demand, predictive scheduling, automated workforce management, and enhanced clinician engagement using AI technology. It helps optimize personnel for various job types and sources talent from both internal and external pools.

What are the key benefits of AMN Healthcare's WorkWise for healthcare systems?

The key benefits of WorkWise for healthcare systems include greater staff efficiency, reduced burnout and turnover, improved financial planning, enhanced predictive workforce analytics, and the ability to create a more responsive, efficient, and patient-centered workforce.

How does AMN's WorkWise technology integrate with existing hospital systems?

WorkWise is designed to be completely integrated with healthcare organizations' internal systems. This integration allows hospitals to optimize personnel for any type of job (permanent, per diem, contract) and source from both internal and external talent pools.

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