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Q1-2020 Healthcare Staffing Update

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Q1-2020 Healthcare Staffing Update

Healthcare staffing transaction volume continued to experience strong momentum in the first quarter. Technology continues to play a pivotal role for agencies to help ensure standards for delivering high quality patient care.

Notable Q1 deals include CHG Healthcare’s acquisition of LocumsMart, a Locum Tenens vendor management technology that connects healthcare facilities and physician candidates. Additionally, AMN Healthcare acquired STRATUS video, a remote video interpreting company which provides AMN a strategic advantage in Telehealth. Leveraging IT solutions further illustrates the importance of properly placing individuals into hospitals and other facilities, based upon credentials and skills of the job requisition.

Staffing firms have seen increased demand for nurses, particularly in intensive care units and emergency rooms, as a result of Covid-19. School closures have led to absenteeism as healthcare workers need to care for their children. Doctors and nurses, who are credentialed in other states, are able to practice in certain states without having to apply for licensure within the state as a result of COVID-19. States have also made it easier for retired doctors and nurses to become recertified. As a result, we expect staffing to experience continued momentum in Q2.

To print and download the full Healthcare Staffing Update report, please click below…

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Sources: SEC Filings; Company Press Releases, and Reports; IBISWorld; Capital IQ; PHP Estimates and Research. This document has been compiled with publicly available information. Provident Healthcare Partners, LLC makes no guarantee of its accuracy or completeness. No data or statement should be construed to be a recommendation for the purchase, sale, or retention of any security.