AMN Executives: Staffing Market Ready to Enter New Growth Cycle

At the recent J.P.  Morgan conference, CEO Cary Grace said clients are, after the turmoil of the COVID era, back to focusing more on combining efficient spending with finding and keeping talent.
Jan. 27, 2026
3 min read

The healthcare staffing market is ready to grow again after several years of retreats from its pandemic-era peak, executives of one of the industry’s biggest players said recently.

Driving the change, leaders of AMN Healthcare Services Inc. said at the 44th Annual J.P. Morgan Healthcare Conference earlier this month, are several factors: The sector has worked its way back to its pre-2019 growth trend and is now worth about $40 billion annually versus $24 billion seven years ago. That in turn has brought compensation trends into a more normal range. And lastly, President and CEO Cary Grace and CFO Brian Scott told J.P. Morgan attendees, many of AMN’s roughly 2,000 clients are coming to the company with needs that are different from recent years, when the focus was on stability after the upheavals of the COVID era.

“The questions we’re now getting from a number of our clients are really shifting back to, ‘How do I more sustainably bend the cost curve on my workforce costs and at the same time still be able to attract and retain top talent?” Grace said. “It’s coming back to analytics, data, tech enablement and having access to a very strong and deep supply.”

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Grace said those trends—and the emergence of some patient access challenges due to staffing—and a broader market upswing helped AMN post the best quarter for its nurse and allied-professionals business since late 2021. That unit accounted for about 60 percent of AMNs $2.7 billion in revenues in the 12 months that ended on Sept. 30 and Grace said winter orders were up 16 percent from the same time a year earlier. On top of that, AMN’s leaders expect the company’s international nurse work to grow by at least 15 percent this year and are seeing signs of growth in its unit focused on physician and leadership searches.

“We have a lot of potential, as we’ll exit 2026, to really have all of our businesses back to a growth cycle,” Scott said.

Scott told the J.P. Morgan gathering that average hours worked among clients have been historically low of late but are poised to grow—and benefit AMN’s financial results when they do. Many providers, he said, are shifting away from a heavy focus on restraining their use of contract labor to a healthier mix of labor spending that ties into longer-term goals.

AMN executives aren’t the only ones seeing the staffing market turn up this year. The leaders of Omaha-based Medical Solutions LLC say healthcare providers are facing new pressure points as the healthcare system evolves. Those trends, they said in a recent blog post, mean staffing shortages won’t go away even as demand become more difficult to predict.

Echoing what Grace and Scott said they’re hearing from many clients, Medical Solutions says a key to staffing success is to leave behind the COVID-era scrambling and think of the longer term: “Flexible staffing works best when it is intentional, budgeted, and supported by healthcare workforce management solutions, not treated as a temporary workaround.”

About the Author

Geert De Lombaerde

A native of Belgium, Geert De Lombaerde has more than two decades of business journalism experience and writes about markets and economic trends for Endeavor Business Media publications Healthcare InnovationIndustryWeek, FleetOwner, Oil & Gas Journal and T&D World. With a degree in journalism from the University of Missouri, he began his reporting career at the Business Courier in Cincinnati and later was managing editor and editor of the Nashville Business Journal. Most recently, he oversaw the online and print products of the Nashville Post for more than a decade and reported primarily on Middle Tennessee’s finance sector as well as many of its publicly traded companies.

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