AMN Healthcare Services reports developments in healthcare workforce solutions and staffing services for healthcare organizations across the United States. Recurring updates cover quarterly results, earnings calls, revenue trends, gross margin, cash flow, debt, and outlook commentary across Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.
Company news also tracks travel nurse staffing, labor disruption staffing, allied staffing, international nurse placement, search, managed service provider activity, language services, workforce technology, and market demand from healthcare systems. AMN's common stock trades on the New York Stock Exchange under the symbol AMN.
AMN Healthcare's latest report reveals that orthopedic surgeons command the highest average starting salary among physicians at $565,000, an increase from last year's $546,000. Other specialties like urologists and gastroenterologists also saw salary rises to $510,000 and $474,000, respectively. The report indicates a rising demand for medical specialists, particularly due to an aging population and increased chronic conditions, shifting focus away from primary care. In the past year, 34% of AMN's physician search engagements were for academic medical centers.
AMN Healthcare Services, Inc. (NYSE: AMN) has announced a conference call scheduled for August 4, 2022, at 5:00 p.m. Eastern Time, to discuss its Q2 2022 financial results and Q3 2022 outlook. The earnings release will be issued after market close at approximately 4:15 p.m. Eastern Time. Investors can access the live webcast on AMN Healthcare's website. The company is recognized as a leader in total talent solutions for healthcare, serving various healthcare facilities across the United States.
The Board of Directors of AMN Healthcare Services (NYSE: AMN) has authorized an additional $250 million for its stock repurchase program, raising the total repurchase capacity to approximately $326.3 million. The company has repurchased 6.76 million shares at an average price of $77.44 since 2016, amounting to $523.5 million. Recent repurchases include 1.88 million shares at $92.65 for $173.8 million. This program allows flexibility in share purchases based on market conditions and company performance.
Summary not available.
AMN Healthcare has been awarded the Prime Supplier of the Year title by the Western Regional Minority Supplier Development Council for its commitment to partnering with Minority-owned Business Enterprises (MBEs). In 2021, AMN spent $190 million with diverse businesses, emphasizing its dedication to diversity, equity, and inclusion. The company also supports minority-owned businesses through its Vendor Development Program, facilitating MBE Certification for 100 firms, including 50 Black-Owned businesses. This recognition underscores AMN's role in promoting equitable opportunities and improving socio-economic health.
AMN Healthcare (NYSE: AMN) has been recognized as the top healthcare Managed Services Program (MSP) in the HRO Today 2022 Baker’s Dozen Customer Satisfaction Ratings for seven consecutive years. In this year's rankings, AMN placed fifth in Overall Leaders and third in Quality of Service Leaders among all MSPs globally. This accolade is based on client feedback, affirming AMN's role in addressing healthcare talent shortages and enhancing service quality. AMN's MSPs improve efficiency and deliver value across leading health systems, utilizing advanced recruitment strategies.
AMN Healthcare (NYSE: AMN) has announced the acquisition of Connetics USA, a recruitment firm specializing in international nursing and allied health placements. This strategic move aims to enhance AMN's capacity to address the growing shortage of healthcare professionals in the U.S., which is expected to persist for years. The acquisition will utilize Connetics USA's expertise in immigration and licensure processes, expanding AMN’s international pipeline of healthcare talent and allowing better service to clients, including hospitals and long-term care facilities.
AMN Healthcare Services, a leader in healthcare talent solutions, reported Q1 2022 revenue of $1.553 billion, up 75% year-over-year, with net income soaring 107% to $146 million and GAAP diluted EPS at $3.09. Adjusted diluted EPS reached $3.49, a 105% increase. The company placed a record number of healthcare professionals and saw strong demand across all segments. Operating cash flow was robust at $200 million. Share repurchases totaled $228 million during the quarter. Despite operational challenges, AMN remains optimistic about future growth driven by workforce shortages in the healthcare sector.
Summary not available.
AMN Healthcare Services, Inc. (NYSE: AMN) will hold a conference call on May 5, 2022, at 5:00 p.m. ET to discuss its Q1 2022 financial results and provide Q2 2022 outlook. The earnings news release is anticipated after market close at 4:15 p.m. ET. A live webcast will be available on the company's website, and participants can join via telephone. Replay options for the call will begin at 8:00 p.m. ET on the same day, lasting until 11:59 p.m. ET on May 19, 2022.