BIG” Healthcare Staffing Companies in Trouble?
Posted on Friday, April 16th, 2010 at 8:52 pm.
Staffing Industry Analysts (SIA) held its healthcare staffing summit this last week. Jack Terrana of Tempworks and Jason Lander of StaffingRobot commented that the attendance was down but not dreadfully so and that the presentations were top notch as is usual for SIA shows.
A look at the income statement from Cross Country sums up the struggle of “BIG” health care staffing companies in light of the weakening economy: $200 million in loss on $730 million in revenue. Several Mid size companies like Meridian Medical Staffing, I’m happy to report are bucking that trend by eliminating almost all overhead with our outsourced processing solutions. Since they’re not worrying or spending time on administration, they can give clients that extra TLC that keeps them ahead of national competitors like CCRN.