1142750--3/13/2006--AMN_HEALTHCARE_SERVICES

related topics

{regulation, government, change}

{personnel, key, retain}

{cost, operation, labor}

{acquisition, growth, future}

{loss, insurance, financial}

{tax, income, asset}

{product, liability, claim}

{operation, natural, condition}

{system, service, information}

{capital, credit, financial}

If we are unable to continue to recruit and retain healthcare professionals for our healthcare staffing business at reasonable costs, it could increase our operating costs and negatively impact our business. Our operations may deteriorate if we are unable to continue to attract, develop and retain our sales and operations personnel. We operate in a highly competitive market and our success depends on our ability to remain competitive in obtaining and retaining hospital, healthcare facility and physician practice group clients and demonstrating the value of our services. Our business depends upon our ability to secure and fill new orders from our hospital, healthcare facility and physician practice group clients because our temporary healthcare staffing business does not have long-term, exclusive or guaranteed contracts with them, and economic conditions may adversely impact the number of new orders and contracts we receive. The demand for our services, and therefore the profitability of our business, may be adversely affected by changes in the staffing needs due to fluctuations in hospital admissions or staffing preferences of our healthcare facility clients. The ability of our hospital, healthcare facility and physician practice group clients to retain and increase the productivity of their permanent staff may affect the demand for our services. We operate in a regulated industry and changes in regulations or violations of regulations may result in increased costs or sanctions that could reduce revenue and profitability and may impact our ability to grow and operate our business. Our profitability is impacted by our ability to leverage our cost structure. The variation in pricing of the healthcare facility contracts under which we place temporary and permanent healthcare professionals impacts our profitability. We may not be able to successfully implement our strategic growth, acquisition and integration strategies. Difficulties in maintaining our management information and communications systems may result in increased costs that reduce our profitability. The challenge to the classification of certain of our healthcare professionals as independent contractors could adversely impact our profitability. The impact of medical malpractice and other claims asserted against us could subject us to substantial liabilities. Terrorist threats or attacks may disrupt or adversely affect our business operations. If we are unable to carry out our business strategy our profitability could be negatively impacted. The loss of key officers and management personnel could adversely affect our ability to remain competitive. We have a substantial amount of goodwill on our balance sheet that may have the effect of decreasing our earnings or increasing our losses in the event that we are required to recognize an impairment to goodwill. We have a substantial accrual for self-insured retentions on our balance sheet, and any significant adverse adjustments in these accruals may have the effect of decreasing our earnings or increasing our losses.

Full 10-K form ▸

1142750--3/13/2006--AMN_HEALTHCARE_SERVICES_INC