Cross Country Healthcare reports Q2 adjusted EPS 69c, consensus 61c

Reports Q2 revenue $540.7M, consensus $531.68M. Physician Staffing reported revenue growth of 105% year-over-year and 12% sequentially. The company said, “We are pleased that second quarter results met or exceeded our guidance ranges, reflecting strong execution in an environment where health systems remain focused on managing contingent labor spent. Since the launch of Intellify, our proprietary vendor management system, we have successfully converted nearly half of our Managed Service Programs, saving us millions of dollars annually. Beyond the efficiencies this brings to Cross Country, we are excited about the opportunity that our technology offers clients to optimize their workforce, and to further improve our profitability as we continue to penetrate the vendor neutral space.”