Healthcare Staffing Company Signs New Contracts, Expands Existing Agreements
December 03 2003 - 4:19PM
PR Newswire (US)
Healthcare Staffing Company Signs New Contracts, Expands Existing
Agreements DEERFIELD BEACH, Fla., Dec. 3 /PRNewswire-FirstCall/ --
STAT Medical Services, a 15-year-old medical staffing and employee
leasing business under agreement to be acquired by iBX Group Inc.,
(BULLETIN BOARD: IBXG) has experienced a dramatic upsurge in demand
for its cost-effective temporary healthcare staffing services,
company officials reported today. The increase in business is a
direct result of an aggressive three month marketing campaign and
nurse recruitment drive launched earlier this fall, according to
Joe Manick, Managing Director of the STAT Medical Services
division. "Our recent recruitment campaign, which targeted
approximately 10,000 nurses throughout west Georgia and east
Alabama, allowed us to add hundreds of per diem nurses to our
network," Manick said. "The increase in personnel has opened the
door for expansion of our relationships with several current
clients as well as sign new contracts with facilities not
previously under agreement". Terms of these agreements were not
disclosed. STAT Medical Services recently agreed to provide
temporary personnel at a 292-bed hospital in Columbus, Ga., that
provides state-of-the-art cardiac care, as well as an 82-bed
hospital/nursing facility in Valley, Ala. In addition, the company
has become the main outsource provider for healthcare staffing at
several other hospitals and nursing homes in the area. "Several of
our existing clients have elevated us to first-call status, meaning
we have the opportunity to fill many more shifts than we did
before," Manick said. "These facilities outsource an average of 100
shifts a week, and as the main outsource provider, we have the
opportunity to fill 70 to 80 of those shifts before the client will
contact another company. The increased visibility has also allowed
us to begin negotiating with several other facilities, and we plan
to announce additional contracts in the coming weeks." During the
past decade, an average 10 percent vacancy rate for nursing
positions has forced hospitals and nursing homes to rely on
temporary staffing agencies to fill shifts. The per diem staffing
industry is now estimated to be a $4 billion-a-year business. Based
in Deerfield Beach, Florida, iBX Group Inc. develops and deploys
creative, cost-effective methods for integrating financial,
administrative and information services for the healthcare
industry. iBX is a results-oriented company, consisting of five
divisions -- iBX Technologies, which enables healthcare
organizations to maximize their accounts receivables; Florida
HealthSource, a network of physical therapy and wellness centers;
MediCompliant Solutions, which ensures medical practices'
compliance with today's complex legal requirements; iBX
Transcription Services, which offers physicians quick turn-around
and Web-accessible progress reports; NursesSTAT, a revolutionary
temporary staffing solution; SportshealthNet.com and
TheNetDigest.com, interactive Web portals providing patients with
comprehensive healthcare information and advice, and increasing
physician referrals. Media Relations Contact: Andrew M. Rose,
954-428-2678 or This release is comprised of interrelated
information that must be interpreted in the context of all of the
information provided and care should be exercised not to consider
portions of this release out of context. This release contains
certain "forward-looking statements and information" (as defined in
the Private Securities Litigation Reform Act of 1995) concerning
iBX Group, Inc. that are based on the beliefs of iBX Group, Inc.'s
management, as well as assumptions made by and information
currently available to iBX Group, Inc. Investors are cautioned that
all forward-looking statements involve risks and uncertainties,
including those risks and uncertainties detailed in iBX's filings
with the Securities and Exchange Commission. DATASOURCE: iBX Group
Inc. CONTACT: Andrew M. Rose, +1-954-428-2678 or , for iBX Group
Inc.
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