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External Risks and Associated Factors for Nurse Staffing Companies

In: Business and Management

Submitted By Arheta3
Words 3093
Pages 13
External Conditions and Associated Risk Factors
Sarah A.T. Harris

HiNursing
Hawaii Nursing LLC (HiNursing) is a nurse staffing company that operates under HiHealthcare, which is a subsidiary of The Hawaii Group family (HiGroup). HiNursing is a legacy of Scott Craun, RN and the company he started, Island Nurses, which was acquired by HiGroup on December 1st, 2012 (Silverstein, 2012). The company provides registered nurses (RN), certified nursing assistants (CNA), and medical assistant (MA) positions statewide to places like hospitals, clinics, assisted living facilities, hotels, schools, insurance companies, and correctional facilities (HiHealthCare, 2014).
A staff of six people currently work underneath the umbrella of HiHeathcare and oversee HiNursing and HiHomecare, its sister company. HiNursing currently has a highly dynamic compliment of approximately 25 nurses that they use to staff various facilities throughout Hawaii. When the company was first acquired in 2012 they had 73 nurses available for placement around the islands (Silverstein, 2012). The company saw approximately $1 million in revenue for 2012 and an estimated $2 million in 2013 (Silverstein, 2012). None of the companies under HiGroup is publicly traded.
HiNursing is still trying to build a brand name but they are committed to fulfilling the last wishes of Scott Craun who established a fund that annually sends Multiple Myeloma cancer patients to the mainland for treatment. Every year HiNursing participates in the kickball tournament and fundraises for the Scott S. Craun Foundation. (HiHealthCare, 2014).
The Potential for Economic Recession in the United States and its Effect on HiNursing
Extent of the Risk
If a recession transpires in the U.S., hopefully in the distant future, the nursing market will undoubtedly feel the repercussions much like it experienced during the most recent…...

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