Cross Country Staffing Selected by Child Health Corporation of America to Provide Nurse Staffing Services to CHCA's Owner Pediatric Hospitals.Business Editors/Health/Medical Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Jan. 5, 2004 Cross Country Healthcare, Inc. (Nasdaq:CCRN CCRN Critical Care Registered Nurse CCRN Certification In Critical Care Nursing ) announced today that its Cross Country Staffing unit has entered into an agreement with Child Health Corporation of America (CHCA CHCA Cincinnati Hills Christian Academy (Cincinnati, OH) CHCA Child Health Corporation of America (Shawnee Mission, KS) CHCA Canadian Home Care Association CHCA Community Health Centers of Arkansas, Inc. ) to exclusively provide travel nurse and allied healthcare professional staffing services to 40 CHCA children's hospitals This is a list of children's hospitals. See also Pediatric Care. International
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An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. children's hospital A children's hospital is a hospital which offers its services exclusively to children. The number of children's hospitals proliferated in the 20th century, as pediatric medical and surgical specialties separated from internal medicine and adult surgical specialties. and health care systems. Under the two-year agreement that took effect January 1, 2004, Cross Country Staffing will utilize its suite of services to assist CHCA Owner Hospitals in managing the travel portion of their supplemental staffing program. The Company will also provide healthcare education and training services. Of the top 25 pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. hospitals in the most recent annual listing by US News & World Report, 15 are CHCA hospitals and include the top two pediatric hospitals. CHCA is the only group purchasing organization A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors. representing children's hospitals in the U.S. A listing of CHCA Owner Hospitals can be obtained at http://www.chca.com/member.html. "Cross Country is proud to have been selected by CHCA as its exclusive travel nurse staffing supplier. Supporting the staffing needs of children's hospitals has always been one of our strengths and this unique program is a natural extension of our capabilities to provide high quality pediatric nurses to CHCA owner hospitals," said Joseph A. Boshart, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cross Country Healthcare, Inc. "We continue to focus our attention and resources toward obtaining preferred and exclusive provider relationships in order to better position the Company for market share growth." "Providing our Owner Hospitals with access to one of the nation's largest and quality-oriented nurse staffing companies in the U.S. is extremely important to CHCA as our Owner Hospitals continue to look to us for assistance in meeting their staffing challenges. Cross Country offers a range of nurse staffing solutions that can provide great value to our Owner Hospitals in meeting their critical work force requirements," said Don Black, President of Child Health Corporation of America. About CHCA CHCA, headquartered in Shawnee Mission, KS, is a business alliance of 41 of the leading children's hospitals in the U.S. and Canada. CHCA provides a range of products and services designed to reduce costs, increase revenue and enhance the competitive position of children's hospitals. Programs and services include group purchasing and supply Purchasing and Supply can have several different definitions. According to the Institute for Supply Management (ISM) [1], purchasing is defined as a major function of an organization that is responsible for acquisition of required materials, services, and equipment. chain management, pediatric data management, performance improvement and patient safety initiatives, web-based training programs and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. . CHCA represents more than 20,000 physicians, 98,000 employees, $11 billion in revenue and $1.8 billion in overall medical/surgical and pharmaceutical products. CHCA Owner Hospitals include many of the nation's largest and best-known not-for-profit children's hospital and health care systems in the United States and Canada. About Cross Country Cross Country Staffing has more than 25 years experience in the healthcare staffing industry. It works closely with healthcare management across the U.S. to develop solutions for both chronic and seasonal staffing demands in a variety of disciplines, including, nursing, allied and advanced practice. As one of the leading providers of temporary and permanent healthcare professionals, Cross Country Staffing supplies cost-effective staffing and workforce management Workforce Management (WFM) encompasses all the responsibilities for maintaining a productive and happy workforce. Sometimes referred to as HRMS systems, or even the larger ERP systems (Oracle, PeopleSoft, SAP). There are many software vendors within this space. solutions to more than 1,000 healthcare facilities in all 50 states, including many of the nation's top 100 hospitals. Cross Country Staffing is a unit of Cross Country Healthcare, Inc. (Nasdaq:CCRN), a leading provider of healthcare staffing services in the United States. Copies of this and other news releases as well as additional information about Cross Country can be obtained online at http://www.crosscountry.com. Shareholders and prospective investors can also register at the corporate Web site to automatically receive the Company's press releases, SEC filings and other notices by e-mail. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are predictive in nature, that depend upon or refer to future events or conditions or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates" and similar expressions are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results and performance to be materially different from any future results or performance expressed or implied by these forward-looking statements. These factors include the following: our ability to attract and retain qualified nurses and other healthcare personnel, costs and availability of short-term leases for our travel nurses, demand for the healthcare services we provide, both nationally and in the regions in which we operate, the functioning of our information systems, the effect of existing or future government regulation and federal and state legislative and enforcement initiatives on our business, our clients' ability to pay us for our services, our ability to successfully implement our acquisition and development strategies, the effect of liabilities and other claims asserted against us, the effect of competition in the markets we serve, and other factors set forth under the caption "Risk Factors" in the Company's 10-K for the year ended December 31, 2002. |
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