Takeaway: We remain long AMN on the Hedgeye Health Care Position Monitor.

Overview

AMN is well-positioned for the next phases of the COVID-19 pandemic as labor demand will continue to remain high near-term with cases surging and hospitals short-staffed, the need to staff vaccination sites, and then in the subsequent rebound of in-person care demand should remain especially strong. JOLTS data for Openings reflects the accelerating demand which is near all-time highs. The combination of the decline in Healthcare employment plus Job Openings has recovered to zero on a year-over-year basis. We expect the COVID-19 sequence playing out from here to support significant volume and wage growth for AMN and other staffing companies. 

 AMN | Job Listings Tracker 

AMN | Labor Demand Update | AMN Tracker and Health Care Labor Demand Model - lu4

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AMN | Travel Wages Tracker

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Health Care Labor Demand Model  

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AMN | Labor Demand Update | AMN Tracker and Health Care Labor Demand Model - lu3

For New Subscribers | Where the Insured Medical Consumer model defines the customers, the U.S. Medical Economy is made up of the doctor offices, pharmacies, and the myriad of places where medical consumers receive care. In this model, we map and measure both public and proprietary data that reflects the ebb and flow of medical consumers in the system. 

All data available upon request. Please reach out to  with any inquiries.

Thomas Tobin
Managing Director


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William McMahon
Analyst


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Justin Venneri
Director, Primary Research


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