National provider of medical staffing services headed by Industry Veterans with a team of subject matter experts is raising capital for infrastructure and expansion plans. Will have a presence in 700 markets across the US. Projected to hit $1B annual revenue year 2.
CHALLENGE- Effective Healthcare Workforce Management, Employee Satisfaction & Increase the Profitability of each Hospital and Facility we serve by eliminating cost factors and increase revenue center/ generating opportunities. Provide unparalleled, flexible employment opportunities for Nursing professionals, Allied Health Therapists, and Technicians, as well as Practitioners across every clinical and non-clinical specialties in every healthcare professional setting/ facility across each of the 50 states. Solve the employment burnout and employment dissatisfaction rate across the healthcare labor force. Our ultimate goal is to provide world-class labor force stability; growth; workforce development/ training; increased positive outcomes and excellence in patient care. At weCARE we care for those caring for our loved ones 24/7 live. Secondly, we will become our facility clients’ trusted strategic partner in eliminating operational and clinical inefficiencies in the following areas; workforce management solutions[EOR, RPO, VMS, Contingent workforce, Permanent Placement, Contract
and Travel employment, Credentialing and CVO (credentialing verification organization)], as well as provide world-class technology to effectively manage; recruitment, onboarding, competency evaluations, credentials, mandatory education, benefits, payroll, and retention programs.
SOLUTION- Strategic partnership and alliances with industry leaders and solving the revenue loss operational challenge in the healthcare sector of the economy by building a strong, happy and healthy workforce, while improving patient outcomes and achieving the highest patient care approval ratings in the industry. We are industry veterans who thoroughly understand the challenges healthcare professionals face every day while on the job. We have perfected the business model since 1993 and are poised to answer the call in becoming the world’s most respected employer in the healthcare sector across every healthcare discipline and setting/ facility. We and our world-class strategic partners will solve the employment burnout and dissatisfaction rates by providing flexible life/ work balance; environment options; best employment benefits available; excellent compensation packages; inclusion and diversification. We have developed the required tools and technology necessary to improve patient outcomes by delivering excellent patient care, while maintaining the highest employment satisfaction, and retention rates through the employment of best practices of Labor Force Retention programs designed to continuously address each, and every
challenge in the healthcare sector of the economy.
MARKET- Acute Care Providers; Short Term and Long-Term Rehabilitation Providers; Home Health Providers; PPO, POS, HMO, EPO Insurance Organizations, Private, Public and Federal Healthcare programs and healthcare providers. The US has the greatest healthcare spending, sitting at $10,224 per capita. There are 784,626 companies in the US healthcare sector. McKesson is the biggest US healthcare company with an annual revenue of $208.3 billion. 64% of physicians believe the IoT can help reduce the burden on nurses and doctors. Healthcare Staffing Revenue is projected to reach $47.5B in 2027. Healthcare Staffing Revenue for 2019 was $18.1B
MILESTONES- We have secured unlimited payroll funding, A/R, Collections, back-office through strategic alliance with Industry leader. Developed all software needs/ integrations and required technological solutions prior to launch. Cut and eliminated 95% of all office space, expansion costs by securing A+ office space through the new turnkey approach in commercial office space needs. Each Pre-Go-Live checklist has been completed. We have outsourced and streamlined all non-essential roles within our organization.
BUSINESS/REVENUE MODEL- Revenue sources will result from each staffing vertical; Nursing, Allied Health, Locums, Direct Hire. Revenue will also result from client onsite management via; RPO, VMS, MSP, CVO, HIM. Revenue year; 1- $700M, 2- $1,2B, 3- $1.4B, 4- $1.8B, 5- $2B. DSO will be addressed with discount incentive programs to resolve the unique revenue sales cycle of the healthcare industry. We project to maintain an average 45-day DSO. We project to maintain a 26% GPM across all verticals. We project to maintain 17% EBITDA.
COMPETITORS- Largest Healthcare Staffing firms in the US are: (according to latest data reports)
Aya Healthcare $5.7B 12% AMN Healthcare $3.5B 7% Medical Solutions $2.3B 5% CHG Healthcare Services $2B 4% Jackson Healthcare $1.7B 4% Cross Country Healthcare $1B 3%
COMPETITIVE ADVANTAGE- We hire leadership teams in each geographical/ clinical market we serve to respond to each client’s uniquely specific needs with a true sense of urgency. Our proprietary/ unmatched technology solution & response systems are unparalleled.
EXIT- The Healthcare market is growing at a 20% YOY rate and is projected to accelerate in the next 20+ years. Plan to file for IPO in 2025, however, future company acquisition interest will come from Investment Firms and top players in healthcare sectors.
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