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Provident Healthcare Partners Provident Healthcare Partners

Q1 2024 Healthcare Staffing Update

Provident Healthcare Partners
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Q1 2024 Healthcare Staffing Update

As has been the case in the healthcare staffing sector the better part of the past 12 months, the firms placing candidates within niche care settings continue to receive elevated interest from acquirers. A good illustration of this would be Aya’s recent acquisition of ID Medical. Investors continue to be cautious regarding firms strictly offering travel nurse services through MSPs and vendor management systems. Other areas of diligence or skepticism include volume, bill rates, and proprietary technology. Provident however continues to monitor the sector and believes that travel nurse M&A could stabilize in Q3 or Q4 of this year. As a result of a slower M&A environment in the sector, many groups are seeking technology and AI for growth initiatives. Technology solutions include job matching, chatbots, and automating other scheduling components. Hospitals are also starting to adopt AI solutions to help clinicians improve productivity and limit administrative tasks. The goal of these solutions are to predict patient demand and how that impacts staffing needs, allowing clinicians to better manage their schedules.

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

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