AMN Healthcare Services, Inc. (NYSE: AMN) launched an innovative technology suite, WorkWise, last Wednesday. The suite is expected to unify the company's technologies into one single technology offering.
Per AMN Healthcare, WorkWise has been designed to streamline workforce processes by combining the capabilities of quantifying staffing demand with predictive scheduling, automated workforce management and enhanced clinician engagement using AI technology. The technology suite will likely empower healthcare systems to efficiently source the appropriate talent, while effectively managing costs.
The latest launch is expected to significantly boost AMN Healthcare's Technology and Workforce Solutions business and solidify its foothold in the healthcare space.
Likely Trend of AMN Stock Following the News
Following the announcement on Oct. 2, shares of the company moved nearly 2.8% south to $38.64 at yesterday's close.
Historically, the company has gained a high level of synergies from its product launches. Although the latest launch is likely to be beneficial for AMN's top-line growth going forward, the stock declined overall since the announcement despite a slight gain yesterday.
AMN Healthcare currently has a market capitalization of $1.47 billion. It has an earnings yield of 8.3%, higher than the industry's 3.6%. In the last reported quarter, AMN delivered an earnings surprise of 30.7%.
Significance of the Launch of AMN Healthcare's ...
