Cross Ctry Healthcare Inc Stock Price, News & Analysis

Cross Country Healthcare (NASDAQ: CCRN) has been named in the 2024 Most Loved Workplaces® for Wellness by Newsweek and the Best Practice Institute (BPI). This recognition highlights organizations worldwide that prioritize employee well-being initiatives.

Colin McDonald, Chief Human Resource Officer of Cross Country, expressed pride in the recognition, emphasizing the company's commitment to the physical, mental, and emotional well-being of their employees. He stated that wellness is integral to Cross Country's culture, contributing to the company's success.

Cross Country Healthcare is known for its workforce solutions and tech-enabled staffing, recruitment, and advisory services. The company's core values include treating employees, healthcare professionals, and clients with respect, integrity, and decency.

Cross Country Healthcare (NASDAQ: CCRN) has released a survey highlighting the urgent need for healthcare providers to adopt digital solutions to address ongoing staffing challenges. The survey, conducted with Healthcare Innovation, reveals insights from healthcare leaders across the US on staff shortages, burnout, and the potential of technology-driven workforce management strategies.

Key findings include:

• Nearly 90% of respondents are concerned about high turnover and burnout
• 38% spend over 20 hours weekly on recruiting
• 91% find scheduling and staff planning tools helpful
• Digital staffing solutions are important for controlling costs and optimizing resources

The survey emphasizes the importance of integrated digital platforms for streamlining workforce management across all aspects, from recruitment to retention. Cross Country is leading this digital transformation, offering innovative solutions to help healthcare providers build a more resilient and adaptive workforce.

Cross Country Healthcare's CEO, John A. Martins, has been named to Newsweek's Most Loved Workplaces CEO list for 2024. This recognition, in collaboration with the Best Practice Institute (BPI), highlights leaders who create exceptional workplace cultures. The ranking is based on extensive employee surveys across various industries, focusing on areas such as Systemic Collaboration, Positive Vision of the Future, Alignment of Values, Respect, and Outstanding Achievement.

Martins expressed his honor, attributing the success to the collective efforts of the Cross Country team in creating a supportive and empowering environment. The award reflects the company's commitment to fostering a culture of innovation, collaboration, and respect. This recognition underscores Cross Country Healthcare's position as a leading provider of workforce solutions and tech-enabled staffing, recruitment, and advisory services.

Cross Country Healthcare (NASDAQ: CCRN) has been certified as a Most Loved Workplace® for 2024 by the Best Practice Institute (BPI). This recognition, received for the second year, highlights the company's dedication to creating a workplace where employees feel valued and inspired. The certification is based on BPI's Spark Model, which evaluates areas such as collaboration, vision, values alignment, respect, and achievement.

John A. Martins, President and CEO of Cross Country, emphasized the company's commitment to exceeding expectations and ensuring employees thrive. Louis Carter, CEO of BPI, noted that Cross Country's certification reflects its focus on employee well-being and satisfaction in a competitive job market. Cross Country Healthcare is a tech-enabled workforce solutions provider with 38 years of industry experience, offering data-driven insights to help clients address complex labor-related challenges.

Cross Country Healthcare (Nasdaq: CCRN) has announced its participation in two upcoming investor conferences. The company will attend the Morgan Stanley 22nd Annual Global Healthcare Conference on September 5, 2024, in New York City, where CEO John Martins and VP of Investor Relations Josh Vogel will engage in one-on-one investor meetings. Additionally, CCRN will participate in the 17th Annual Barrington Research Virtual Fall Investment Conference on September 12, 2024, with CFO William J. Burns and Josh Vogel conducting investor meetings.

Both events will focus on private investor meetings, with no formal presentations scheduled. These conferences provide CCRN with opportunities to connect with investors and discuss the company's performance and outlook in the healthcare staffing industry.

Cross Country Healthcare (CCRN) reported Q2 2024 financial results with revenue of $339.8 million, down 37% year-over-year and 10% sequentially. The company posted a net loss of $16.1 million or $0.47 per diluted share. Adjusted EBITDA was $14.2 million, or 4.2% of revenue. Despite challenges in core nurse and allied staffing, Physician Staffing and Homecare Staffing saw growth. Cash flow from operations was strong at $82.4 million, driven by robust collections. The company maintains a solid balance sheet with $70 million in cash and no debt. For Q3 2024, CCRN expects revenue between $305-$315 million and Adjusted EBITDA of $10-$13 million.

Cross Country Healthcare (Nasdaq: CCRN) will host its Q2 2024 earnings conference call on Wednesday, July 31, 2024, at 5:00 PM ET. The company will release its financial results after market close the same day. Interested parties can access the live webcast on the company's website or by phone using the provided dial-in numbers. A replay of the webcast will be available on the website until August 14, 2024, and the conference call replay will be accessible by phone with the specified passcode.

Cross Country Healthcare (Nasdaq: CCRN) announced its scheduled participation in the Citizens JMP Medical Devices and Healthcare Services Forum on June 20, 2024, at the Boston Harbor Hotel. The company's President & CEO, John Martins, and VP of Investor Relations, Josh Vogel, will engage in one-on-one investor meetings. There will be no formal presentation during the event.

Cross Country Healthcare's Chief Human Resource Officer, Colin McDonald, has been honored on the SIA’s 2024 DE&I Influencer List. This recognition celebrates leaders promoting diversity, equity, and inclusion within the workforce solutions sector. McDonald has been celebrated for his dedication to creating an inclusive workspace through initiatives like employee-led councils and diversity training programs. His influence extends beyond Cross Country as he advocates for diversity goals and advanced recruitment strategies in the broader business community. McDonald has also received multiple accolades, including being named one of the top talent acquisition leaders globally.