However, according to a July 27 report from The Wall Street Journal, the traveling nurse market may be in decline.
HCA’s Friday release of second-quarter profits that beat Wall Street estimates reaffirmed its full-year outlook, increasing its stock 11 percent. Meanwhile, Tenet Healthcare saw gains of 6 percent after markets closed on Thursday.
HCA CEO Sam Hazen said expenses for temporary staff were down about 22 percent in June compared with April, and HCA CFO Bill Rutherford predicted that “over the course of the year, we’ll continue to see hopefully a reduction in the utilization of that contract labor.”
After HCA and Tenet released their results, Cross Country’s stock plummeted 17 percent while AMN fell 11 percent.
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