AMN Healthcare Services, Inc. (NYSE:AMN) Q4 2019 Earnings Conference Call - Final Transcript

Feb 13, 2020 • 05:00 pm ET


AMN Healthcare Services, Inc. (NYSE:AMN) Q4 2019 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to AMN Healthcare Fourth Quarter and Full Year 2019 Earnings Call. At this time, all participants are in a listen-only mode, And later you will have an opportunity to ask questions. Instructions will be given at that time. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Randy Reece. Please go ahead.

Randy Reece

Good afternoon, everyone. Welcome to the AMN Healthcare's fourth quarter and full year 2019 earnings call. A replay of this webcast will be available at following the conclusion of this call. Details for the audio replay of the conference call also are in our earnings release issued this afternoon.

Various remarks we make during this call about future expectations, projections, plans, events or circumstances constitute forward-looking statements. These statements reflect the company's current beliefs based upon information currently available to it. Our actual results may differ materially from those indicated by these forward-looking statements as a result of various factors, including those identified in our most recent Form 10-K and subsequent filings with the SEC. The company does not intend to update the guidance or any forward-looking statements provided today prior to its next earnings release. This call contains certain non-GAAP financial information. Information regarding and reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in our earnings release and on our Financial Reports page at

On the call today are Susan Salka, Chief Executive Officer; Brian Scott, Chief Financial Officer; Kelly Rakowski, President of Leadership and Search; Ralph Henderson, President of Professional Services and Staffing; and Dan White, President of Workforce Solutions.

I will now turn the call over to Susan.

Susan Salka

Thanks so much, Randy, and welcome, everyone, to our fourth quarter and full year 2019 earnings call. The team at AMN is very excited to be entering this new decade in such a strong position and in a promising market.

We continue to see the effects of an unprecedented demographic change, resulting in increased demand for healthcare services and significant workforce shortages. We help healthcare organizations successfully navigate this high demand era with our total talent solutions. At the same time, the AMN commitment to social responsibility and good governance aligns with our clients, and other stakeholders' initiatives and enables us to make a greater positive impact in our communities.

Our team has worked hard to become the most trusted innovative expert in total talent solutions. Working together with healthcare organizations and professionals, we are always ready when our clients and their patients need us most. Our strategy progressed in 2019 with the June acquisition of Advanced Medical, an innovative provider of therapy and nurse staffing to both healthcare facilities and schools. This acquisition provided us important capabilities and capacity to address the growing labor needs of our clients across multiple settings. Eight months into the integration, things are going very smoothly, and we continue to be