AMN Healthcare Services, Inc. (AMN) added 3.64% or $1.97 to its stock price on Wednesday. Stock’s weekly performance was 6.17% on the day while it was up 1.76% for the month. Quarterly performance was also in the green with 24.18% but was -25.78% in the red when we see it for the past six month.
Weekly performance established after news emerged that AMN launched the latest version of its mobile app AMN Passport. The app is a user friendly and practical mobile app developed especially for health professionals. It enables them to get, book and easily manage their professional tasks on the go. The app will provide the healthcare industry with comprehensive and easy to use application on their handsets.
Launching newer version of AMN Passport is likely to be helping the company enhancing its wide-range services.
The application significantly helps healthcare professionals to make their job preferences specific. The app also help them managing and updating their professional profiles. That results in an improved experience for healthcare professionals.
AMN Healthcare focuses mainly to provide clinicians with enhanced experience. It remained developing AMN Passport for healthcare professionals to get most out of it for their assignments.
In June 2020, when stay-at-home policies relaxed, AMN Healthcare launched a dedicated and technology based healthcare service for businesses and organization. It service so introduced helped businesses to make sure the health and safety protection of their staff returning back to their jobs. The solutions provide by AMN was equipped to handle all sort of safety and protection measures. The services like temperature checks, clinical support at workplaces, testing for COVID-19, quarantine management and provision of telehealth system were included in those solutions by AMN.
An Allied Market Research report estimated that the health IT (HCIT) market in 2015 was worth $125 billion. The market is estimated to reach nearly $297 billion in next 2 years for growing at annual rate of 13.2%.
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Demand for high quality medical services as well as IT solution have been increasing. Also governments around the world are aligning their health policies proactively and more people are now accepting and shifting towards mHealth and telehealth platforms. All these pushed the HCIT market globally to grow at significantly high pace.
In this scenario, launching a new version of its mobile app by AMN is not only another step forward but also well timed.