Jan 11, 2003, 02:25 AM
From my understanding NurseFinders is not in very good financial shape and are closing several offices across the country.
Favorite Nurses on the other hand is doing quite well so I've heard. The downside to Favorite is that they are generally on the lower end of the pay scale yet charge the facilities higher hourly rates than almost anyone else. The result can sometimes be two-fold... more frequent cancellations (facilities generally cancel the most expensive agency nurses first) and lower pay.
This sounds kind of stupid, but many times the highest paying agencies are the rinky dink mom and pop ones. They really don't understand profit margins and p&l's and think that if they make a 15% markup on the hourly nurse rate that they are making money. Hardly, that doesn't even cover tax burden! Darn accounting roots showing again... sorry. But take advantage... while they will definately go out of business, another idiot always seems to pop up. Unfortunately, I am not in a big city market anymore, so I can only dream. Kansas City was like that when I lived there. St. Paul, MN was like that too. Topeka, KS on the other hand.... well... Nursefinders, StarMed, Creative Care and Spencer Reed all closed in the last month here! Luckily my primary agency seems to still be going strong still. I have faith in them though. They haven't let me down yet.....
-eddy
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