AMN Healthcare Services - AMN STOCK NEWS

AMN Healthcare, the leading healthcare workforce solutions company, is launching Televate™, a new teletherapy platform for K-12 students. Set to debut in the 2024-2025 school year, Televate aims to increase access to therapy services in underserved areas. The platform offers unique features designed for high-quality therapy and evaluation services, including:

• Virtual therapy rooms
• Scheduling and document management
• Individual and group sessions
• Second camera integration
• Collaborative tools like whiteboard and greenscreen
• Integrated materials and assessments from leading publishers

AMN Healthcare will provide training to school districts and clinicians, and plans to make further enhancements based on user feedback throughout the school year.

AMN Healthcare has launched the Manager Hub app, a new feature of its ShiftWise Flex™ workforce management platform. This mobile app empowers healthcare organizations with on-the-go workforce management capabilities, simplifying how they manage their staff. The app provides access to a detailed dashboard with critical insights into workforce operations, including orders, staff details, shifts, and assignments.

Key features of the Manager Hub app include the ability to handle shift management tasks, manage timecards, fill orders, create shifts, monitor assignments, and manage staff compliance. According to Krishna Charan of Everest Group, ShiftWise Flex has become a frontrunner in the healthcare VMS space, with its integration with the AMN Passport mobile app and improved reporting functionalities positioning it as a major contender in the global and North America VMS market.

AMN Healthcare Services (NYSE: AMN) announced it will hold a conference call on August 8, 2024, at 5:00 p.m. ET to discuss its Q2 2024 financial results and Q3 2024 outlook.

The company will release its earnings report after market close at approximately 4:15 p.m. ET the same day. A live webcast of the call can be accessed on AMN Healthcare’s investor relations website, and interested parties can participate via telephone by registering through a provided link.

AMN Healthcare is a leading provider of total talent solutions for healthcare organizations in the U.S., offering a comprehensive network of healthcare professionals through various recruitment and staffing services. The company aims to optimize workforce management to reduce complexity, increase efficiency, and improve patient outcomes.

For more information, visit the investor relations section of AMN Healthcare’s website.

AMN Healthcare has appointed Jim Hinton to its board of directors effective July 22, 2024. Hinton brings a wealth of experience in healthcare leadership, having served as CEO of both Baylor Scott & White Health and Presbyterian Health Services. Currently an Operating Partner at Welsh, Carson, Anderson, and Stowe, Hinton also serves on the boards of McKesson and Health Management Academy. His extensive background in governance and operational excellence is expected to bolster AMN’s strategic vision and support its mission to deliver high-quality, flexible, and cost-effective healthcare workforce solutions.

AMN Healthcare's 2024 Allied Healthcare Professional Revenue and ROI Report reveals that allied health professionals, such as radiology technologists and therapists, can generate significant net revenues for their facilities. Cath lab technologists top the list, generating an average of $2.8 million per year after staffing costs. Vascular sonographers, nuclear medicine technologists, and radiation therapists also contribute substantially, with annual revenues of $1.37 million, $1.27 million, and $1 million respectively. General radiology technologists generate $626,825 annually. Allied radiology professionals also enable radiologists to generate over $2 million annually through diagnostic imaging. Physical therapists, occupational therapists, and speech language pathologists collectively generate $225,000 annually. The report underscores the important revenue contribution of allied health professionals in healthcare.

AMN Healthcare has launched Market Insights, a new feature integrated into the ShiftWise Flex platform, aimed at enhancing healthcare workforce management with live market intelligence. This tool provides daily updates on bill rate pricing, market datasets, and configurable market comparisons. Key features include side-by-side analyses of client and market data, data segmentation by skillset and geography, historical data comparisons, bookmark and subscription options, and exportable data tables. Market Insights aims to help healthcare organizations optimize workforce strategies and cost by offering up-to-date information for informed decision-making.

AMN Healthcare Services, Inc. announced its first quarter 2024 financial results with revenue of $820.9 million, a decrease of 27% from the previous year. The GAAP EPS was $0.45, and adjusted EPS was $0.97. The company saw progress in various business segments, including language services, allied therapy, imaging, and schools. However, nurse staffing revenue declined significantly. The company remains focused on managing expenses amidst lower demand, aiming to enhance long-term value for stakeholders.

The majority of nurses surveyed by AMN Healthcare believe that 2024 will provide little improvement for nurses compared to 2023. Over one-third of nurses are extremely likely to change jobs this year, with many citing concerns about compensation and workload. Despite the challenges, nurses remain dedicated to their profession, although many feel their impact on patient care is hindered by time and resource constraints. The survey highlights the need for the healthcare industry to address nurse wellness, job satisfaction, and retention as a top priority.