In the U.S., the outsourced healthcare professional staffing market is about $50 billion. And, it is likely to grow because of the complexity of regulations and cost pressures.
Back in 1979, a group of physicians started Team Health, with the focus on hospital emergency departments. Now, the company serves roughly 550 hospital clients and clinics. The network has about 6,000 healthcare professionals (such as physicians, nurse practitioners and physician assistants).
However, Team Health is not just a matchmaker. Instead, it helps with other services like: scheduling, credential coordination, collections, billings, payroll, liability insurance, continuing education and so on. This certainly helps with the retention rate for its network, which ranges between 94% to 98%.
Tom Taulli is the author of various books, including The Complete M&A Handbook.