AMN Healthcare Services, Inc.

Overview

AMN Healthcare Services, Inc. is a U.S.-based provider of total talent solutions for the healthcare sector. The company helps healthcare organizations optimize workforce performance by combining staffing, talent planning, and technology to support caregivers and patient care.

Reportable segments

• Nurse and Allied Solutions: staffing and related services for nurses and allied health professionals.
• Physician and Leadership Solutions: locum tenens, physician permanent placement, interim leadership, and executive search.
• Technology and Workforce Solutions: technology-enabled services including language interpretation and vendor management systems (VMS), plus related services and analytics.

Core service lines and offerings

• Workforce Staffing

  • Nurse Staffing: travel nurse staffing (typical 13-week assignments), international nurse staffing (24–36 months), international nurse permanent placement, crisis/rapid response staffing, labor disruption staffing, and local nursing staffing.
  • Allied Staffing: physical therapists, respiratory therapists, occupational therapists, technologists, lab personnel, speech pathologists, pharmacists, and others; includes school teletherapy via Televate.
  • Revenue Cycle Solutions: remote medical coding, clinical documentation, case management, clinical data registry, auditing, and advisory services.
  • Physician and Advanced Practice Staffing: locum tenens (independent contractor basis) and physician/permanent placement across specialties.
  • Interim Leadership Staffing: executive and clinical leadership interim placements.
  • Executive Search and Academic Leadership: C-suite and academic medical leadership searches.

• Talent Planning & Acquisition

  • Managed Services Programs (MSP): management of client contingent staffing using internal or third-party staffing and vendor management tools.
  • Recruitment Solutions (RPO): permanent recruitment outsourcing with data analytics and pay-for-performance options.
  • Staff Planning: consulting to optimize staffing and scheduling spend.

• Technology

  • Language Interpretation (AMN Language Services): video, phone, and onsite interpretation with proprietary platforms and interoperability with telehealth and EMRs.
  • Vendor Management Systems (VMS): vendor-neutral platforms (ShiftWise Flex, Medefis, b4health) to help clients manage contingent labor, including analytics and reporting.
  • Other technology-enabled services: AMN Passport (clinician mobile app) and the Event Management System (EMS) for large-scale labor disruption events.

Customers and revenue concentration

• Kaiser Foundation Hospitals and affiliates accounted for about 22% of consolidated revenue in 2025 and about 32% of nurse and allied solutions segment revenue.
• No other single client accounted for more than 5% of consolidated revenue in 2025.
• AMN generates revenue in all 50 states; the largest state concentrations in 2025 were California, New York, and Texas.

Workforce and people

• Corporate team members: 2,664 (full-time and part-time) as of December 31, 2025.
• Healthcare professionals (average during Q4 2025):
  • 8,722 nurses, allied, and other healthcare professionals
  • 234 executive and clinical leadership interim staff
  • 2,670 medically qualified interpreters
  • These counts exclude independent contractors such as locum tenens and contract interpreters.
• AMN Passport: over 340,000 registered users as of January 2026 (mobile app for booking, managing assignments, and credentialing).

Technology and platform developments

• WorkWise: launched in 2024 to quantify staffing demand, provide predictive scheduling, and manage workforce/vendor relationships.
• ShiftWise Flex: next-generation VMS, integrated with AMN Passport for clinician management and credentialing.
• EMS (Event Management System): expanded in 2025 to cover AMN-sourced clinicians and external suppliers for labor disruption events.
• Ongoing investment in automation and advanced analytics tools to improve recruiting, credentialing, and engagement.

Spend under management and revenue framework

• MSP spend under management: approximately $1.8 billion in 2025.
• VMS spend under management (vendor-neutral): approximately $1.4 billion in 2025.
• Total spend under management: approximately $3.3 billion in 2025.
• About 48% of consolidated revenue in 2025 flowed through MSP relationships.

Financial highlights (as disclosed)

• Total indebtedness: about $767.1 million at December 31, 2025.
• Impairments: goodwill impairment of $109.5 million and long-lived assets impairment of $18.3 million in 2025.
• Leases: principal leased facilities include Dallas, TX (92,420 sq. ft.) and San Diego, CA (50,519 sq. ft.); corporate offices also listed in Boca Raton, FL and Atlanta, GA.
• The company leases all properties and has pledged substantially all leasehold interests to lenders under its credit agreement.

Geographic and market positioning

• Operations are primarily in the United States, with revenue generated in all 50 states. Major state concentrations in 2025 were California, New York, and Texas.

Notable brands and affiliations

• Recruiting brands: AMN Healthcare, Nursefinders, O’Grady Peyton International, Connetics, and B.E. Smith.
• Technology and service brands/platforms: AMN Language Services, ShiftWise Flex, Medefis, b4health, AMN Passport, and EMS.

Governance and risk management

• The Board, through the Audit Committee, oversees information and cybersecurity as part of enterprise risk management.
• The company invests in data analytics, privacy and security programs, and ongoing technology risk management.

Summary

AMN Healthcare Services, Inc. is a large, technology-enabled healthcare staffing and workforce solutions provider with three core segments: nurse and allied staffing, physician and leadership staffing, and technology-enabled workforce solutions. The company manages substantial MSP and VMS spend, supports a growing clinician and interpreter workforce, and continues to develop digital tools and platforms to support staffing and operational needs.