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Healthcare Staff Recruitment Agencies in the US - Industry Market Research Report

  • ID: 2510484
  • Report
  • December 2020
  • Region: United States
  • 44 pages
  • IBISWorld
In Good Health: Continued Growth in the Healthcare Sector is Expected to Boost Industry Revenue

FEATURED COMPANIES

  • CHG Healthcare Inc.

Healthcare Staff Recruitment Agencies

The Healthcare Staff Recruitment Agencies industry exhibits a low level of market share concentration. The top four industry operators are estimated to account for 27.1% of revenue in 2019. Additionally, only two industry operators, AMN Healthcare Services Inc. (AMN) and CHG Healthcare Services are forecast to account for over 5.0% of individual market share. Other operators such as Cross Country Healthcare Inc.(Cross County) and Maxim Healthcare Services Inc. maintain smaller market segments. Over the five years to 2019, these companies have expanded their influence on the industry, increasing their market share year over year.

Large operators take on local feel

- Many companies operate through a variety of bands, localizing their operations to a region, state or county, or specializing their services to a select business segment. One example is AMN. AMN operates through various brand names, each with a diversified focus and market strength. This enables it to provide specialized nursing services or localized services for a hospital network.

Operators seek expansion through mergers and acquisitions

- While many industry operators have focused on organic growth in recent years, some operators have sought expansion through merger and acquisition activity. Cross Country has been the predominant participant in this activity, acquiring the Medical Staffing Network in 2014 and Mediscan, a California-based healthcare staff recruitment company in 2015. These acquisitions are a main driver for the company's rapid growth within the industry.

Competition drives industry

- Industry operators compete on the basis of price, service quality, reputation and market need. Operators that are closer to markets with high demand for industry services might have greater success in gaining and maintaining clients. Additionally, service quality and reputation for success are extremely important. Recruitment agencies that develop a personal relationship with clients and understand their client's needs tend to outperform other players in the industry.

Healthcare staff recruitment agencies list employment vacancies for individuals that work to improve others’ physical well-being and social functioning capacity. These companies also refer and place applicants for employment. Individuals that are referred or placed are not employees of the agencies. While temp workers remain employees of the recruitment agency, these agencies do not directly supervise their employees at the clients’ work sites.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • CHG Healthcare Inc.
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
  • AMN Healthcare Services Inc.
  • CHG Healthcare Inc.
Note: Product cover images may vary from those shown

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