THMED, a nationwide leader in permanent and temporary healthcare recruitment, completed a strategic acquisition of Colorado-based CV Staff Solutions, a niche healthcare staffing solutions company. No financial terms were disclosed.
PRESS RELEASE Dallas, April 15, 2019 – THMED, a New Capital Partners (NCP) portfolio company, today announces that it is has acquired CV Staff Solutions, a specialty inpatient locums and perfusion staffing company. The acquisition accelerates THMED’s vision of providing more access to qualified medical professionals for current and new clients and expands CV Staff Solutions services on a national scale.
Founded in 2014, CV Staff Solutions specializes in optimizing the inpatient cardiovascular service line efficiency through long term coverage arrangements. CV Staff Solution’s roster of highly qualified cardiovascular surgeons, cardiologists, perfusionists, and other cardiovascular specialists offer continuity of care and help stabilize a financially critical service line to hospitals. CV Staff Solutions has been successful in recruiting and retaining providers, as well as clients, because of their personalized approach, understanding of the clinical needs, and deep network in the space.
Dr. John R. Mehall, CEO and founder of CV Staff Solutions, said, “We are thrilled to partner with and join THMED. We will be able to leverage THMED’s infrastructure, experience and expertise to bring our services to more hospitals around the country. THMED’s extensive team of recruiters will enable us to serve clients across a broader spectrum of subspecialties.”
John Martin, CEO and founder of THMED, added, “The CV Staff Solutions team has consistently delivered medical staff augmentation solutions that resonate with locum providers as well as client hospitals. We are elated to partner with them and look forward to expanding their service delivery model. Our partnership increases value for clients in a high-demand, ever- changing market.”
About CV Staff Solutions: CV Staff Solutions is a niche healthcare staffing provider based in Colorado Springs, Colorado. The company focuses on providing cardiovascular surgeons, cardiologists and non-physician providers, including perfusionists, to inpatient care facilities. CV Staff Solutions helps clients address ever-changing healthcare staffing challenges while at the same time offering medical professionals the opportunity to supplement their existing salary and gain flexibility over their schedules. For more information, please visit https://cvstaffsolutions.com.
About THMED: THMED is a leading healthcare staffing firm focused on locum tenens and permanent placement. Celebrating its 10th year of business and recognized amongst the best for company growth, THMED provides its clients with a complete staffing solution that relies on the latest technology, proven search strategies, and expert consultation. Focused on helping its clients provide quality health care to their communities THMED’s consultants serve hospitals, medical groups and other healthcare facilities across the United States. For more information, please visit us at www.thmedstaffing.com.
About New Capital Partners: New Capital Partners (NCP) is a private equity firm headquartered in Birmingham, Ala. NCP makes investments in niche, tech-enabled services companies in the healthcare, financial and business services industries. Because of the firm’s extensive operational experience, the firm seeks to gain significant value in portfolio companies by focusing on one core goal: building great companies. For more information, please visit www.newcapitalpartners.com.
Human nature makes it so we gravitate to people and things who most remind us of ourselves. However, in hiring that practice can result in poor recruiting results. The data shows that more diverse teams produce better results and are better for the bottom line. Despite this information, it can be difficult to overcome our candidate bias when hiring for healthcare. Many professional or practitioner roles in healthcare are experiencing shortages, so the companies who can overcome their bias and hire more diverse teams will do better to beat these challenges. A big misconception when it comes to hiring is that diversity hiring hurts productivity. One of the perpetrators of this line of thinking is the idea of cultural fit. One recent survey found that more than 80 percent of employers worldwide named cultural fit as a top hiring priority. But cultural fit has changed from an effort to create more employee engagement into a way to marginalize those who the manager does not get along with.
“Subliminal tendencies often discard the right candidates and bring in the ones that hiring managers have some type of affinity for. Leaning toward preconceived notions of what the ideal recruit should be spells trouble.” – Thomas Tracy
Here are three common myths about different cohorts among physicians and how you can overcome your candidate bias to hire better:
Myth: Female physicians can’t treat patients as well as their male counterparts.
While paid less, patients treated by female physicians are less likely to die. In 2016, Harvard researchers found that female doctors who care for elderly hospitalized patients get better results. Previous research has shown that female doctors are more likely to follow recommendations about prevention counseling and to order preventive tests like Pap smears and mammograms. The study’s authors estimate “that approximately 32,000 fewer patients would die if male physicians could achieve the same outcomes as female physicians every year.”
Myth: Older physicians are a liability.
The age of a physician does not always negatively impact patient care outcomes. In a study comparing cognitive functioning of surgeons age 60 and older with younger surgeons, 78% of practicing surgeons aged 60-64 performed within the range of younger surgeons on computerized cognitive tasks measuring visual sustained attention, reaction time and visual learning and memory.
Myth: Millennial physicians will not work as hard as previous generations.
The definition of hard work has really evolved, and nothing magnetizes this more than when you compare older generations and millennials’ ways of working. Millennial physicians are actually most different in their approach to collaborative care. A 2016 report, Millennial Mindset: The Collaborative Clinician, released by health agencies GSW, inVentiv Health PR Group, shows that millennial physicians understand pharma ads are out there to educate patients, but rely less than their older counterparts to use pharma marketing to inform their decisions, and they rely mostly on their peers, online resources for advice. To build a truly great patient care team in healthcare, it requires bringing together a diverse group of people who can each bring their own empathy and experiences to the care model.
The next time you are hiring for a healthcare professional or practitioner, think to the future of medicine and the next decade of challenges facing your patients’ ability for a healthy life. Then, you must realize that the best way to provide for that healthy life is to offer a care team that can treat a broader population of patients through their own collective experience and collaboration.
Technology was supposed to free us from the chores of work and give us more time in the day. More time to enjoy the better things in life. We all believed that we would be so much more productive with all of this technology. Why do we sometimes feel like we have less time than ever before?
Maybe technology was not the promise that we expected. The truth is that we have become slaves to this technology that promised almost endless possibilities. You can now write an email, check Twitter, send a snap and all while sitting in the back row during a training session. The most common response given to this madness is “I am multi-tasking.”
THERE IS NO SUCH THING AS ‘MULTI-TASKING’. To do two things at once is to do neither. – Publilus Syrus
Of course, some things can be done together – you can eat and watch TV, or chew gum and walk at the same time. When it comes to high demand, cognitive or intellectual activities; these simply cannot occur simultaneously.
Attention management is as important in the workplace today as time management was in the previous era. Productivity is achieved through managing attention rather than managing time. How many times have you faced a day when a hundred things needed to be completed before heading to the airport? As you settle in to your comfortable and spacious seat on the airplane, are you amazed at how much you were able to get done? This was accomplished through attention management. I would bet that there are days when you effectively completed more tasks in four hours than you completed on a day when you spent ten hours in the office.
When you manage your attention – time becomes inconsequential and results are all that really matter. Understanding and managing attention is now the single most important determinant of success. When you put all your attention towards what is important you will see the reward.
***This was a guest post from one of our recruiting team members. We encourage our staff to share their insights and training with others. Learn more about our culture at http://thmedstaffing.com/thmed-careers/
Did you miss our webinar last week? Our Chief Information Officer, Sepi McDonnell, examined the current and future shifts in the physician workforce. Learn how to expand your candidate pool to increase activity and how to create balance by diminishing stereotypes when hiring.
First, why “breaking stereotypes”? In our experience as a staffing partner for hospitals and medical groups, we see the good, bad and the ugly of hiring manager’s candidate parameters. We conduct profiles of opportunities, and ultimately the question comes up, “what is your ideal candidate?” We all know what they are not supposed to say, but ultimately some bias sneaks into every answer. That’s where stereotypes come in. It may not come in the initial candidate profile, but it comes up when considering applicants and during the interview process. It also can affect the way you market and source for jobs.
We focused on 3 groups of physicians and how to overcome the stereotypes or misconceptions. Here are 3 important facts we shared:
While paid less, patients treated by female physicians are less likely to die: In 2016, Harvard researchers have found that female doctors who care for elderly hospitalized patients get better results. Previous research has shown that female doctors are more likely to follow recommendations about prevention counseling and to order preventive tests like Pap smears and mammograms. The study’s authors estimate “that approximately 32,000 fewer patients would die if male physicians could achieve the same outcomes as female physicians every year.” Learn More
The age of a physician does not always negatively impact patient care outcomes: In a study comparing cognitive functioning of surgeons age 60 and older with younger surgeons, 78% of practicing surgeons aged 60-64 performed within the range of younger surgeons on computerized cognitive tasks measuring visual sustained attention, reaction time and visual learning and memory.
Millennial physicians are most different in their approach to collaborative care: A 2016 report, Millennial Mindset: The Collaborative Clinician, released by health agencies GSW, inVentiv Health PR Group, shows that millennial physicians understand pharma ads are out there to educate patients, but rely less than their older counterparts to use pharma marketing to inform their decisions, and they rely mostly on their peers, online resources for advice.
Want more data on trends in the physician workforce and how to avoid stereotyping when hiring? Watch a recording of the webinar and download our slides by following the link below:
THMED continues to be recognized as one of the fastest growing staffing firms. On September 15th, THMED held an ice cream social for its employees to celebrate the company’s recognition for the first time on the Staffing Industry Analyst Fastest Growing US Staffing Firms and the second year on the Inc. 5000 Fastest Growing Private Companies. THMED has grown 128% in just three years!
The ice cream social in our Dallas, Texas location included ice cream sandwiches from Pokey O’s, photo booth fun and minute-to-win-it games stemming around THMED’s core values. Our core values are communication and transparency, want to win and have fun, customer centric, and continuous improvement. Playing games themed around our core values encourages company-wide support of our strong internal culture at THMED.
In our California office, we celebrated in true West Coast fashion with a BBQ on the beach in Dana Point. We also held a silent auction benefiting our corporate cause, Alex’s Lemonade Stand Foundation, and we raised over $700 for childhood cancer research.
We appreciate our employees and their hard work, always making a priority to celebrate the successes. It is because of them we are able to be recognized on these lists and continue to grow!
THMED held a charity bowling tournament on November 10th and used the opportunity to participate in the #MannequinChallenge. Our bowling tournament benefited Alex’s Lemonade Stand Foundation, which raises money for funding for childhood cancer research. To date, the THMED family of companies have raised over $20,000 for ALSF and continue to find ways to incorporate it into our company events. We had 14 teams consisting of THMED employees from all divisions compete in the event. At the end we gave away prizes for 1st place team, best male and female bowler, and the “toilet bowler” for the lowest score.
Pictured: Arthur Cooper, President; Mark McGuire, CFO; John Martin, CEO; Michael Douglas, COO
On Thursday, October 27th, the Dallas Business Journal announced its 2016 honorees for CFO of the Year. THMED’s CFO, Mark McGuire, was among those recognized. We are so proud of Mark and his contributions to our company.
The CFO of the Year Awards are given to the chief financial officers and their teams who deliver the most outstanding performances for their companies. A panel of independent judges, drawn from the region’s top financial leaders, determined the winners based on criteria that included:
Demonstrated financial growth during the year
Success in overcoming significant business challenges or barriers
Examples of team leadership and superior management
Other factors may include a chief financial officer’s contributions to the community (such as social, nonprofit or charitable giving)
Demonstrated commitment to the company’s financial best practices and accounting standards, or success as a strategic visionary for the enterprise
Mark is well-versed in various facets of accounting and financial analysis and has a noted list of accomplishments. He holds a Master of Science degree in Accounting and Information Management from The University of Texas at Dallas, and is a licensed CPA from the Texas State Board of Public Accountancy. Having served as a Financial Analyst at a large healthcare corporation and a Director at another reputable physician staffing firm, Mark brings over ten years of focused, strategic experience to the THMED family of companies. He has managed the financial planning and operational reporting for companies with over $50 million in annual revenue, and he has established efficient practices to address accounting needs. During his years in this industry, Mark worked extensively with budgeting, profit planning and projection, operations analysis, as well as cost accounting, government compliance, and taxes of all types.
Mark credits his father with spurring him towards a career in finance, and, when he was 22 years old working as an accountant, he made a list of the goals he wanted to achieve.
Congratulations, Mark! We are so proud to have you on our team!
Next Monday is Labor Day. It traditionally honors the American labor movement and the contributions that workers have made, and unofficially signifies the end of summer. How fitting that we scheduled a week of fun events to honor our employees and highlight some of our recent accolades.
On Tuesday, our California office celebrated THMED’s recognition in the Inc. 5000 Fastest Growing Private Companies with a delicious Mexican food buffet, Spotify tunes, and photo booth shenanigans. The California office is primarily Fidelis Partners recruiters covering the Western United States and members of our Accounting and Marketing Communications teams.
On Wednesday, the Medestar division took the day off to attend a Texas Rangers baseball game. The team organized a successful donation stand near the stadium, where our own Dan Rixon played guitar for baseball fans walking by. We successfully raised over $350 to fund childhood cancer research before enjoying a day at the ball park. It’s amazing to see everyone’s dedication to our charity partner, Alex’s Lemonade Stand Foundation.
On Thursday, the entire Texas Office was treated to an ice cream social to celebrate their recognition as a Best Place to Work in North Texas and the Inc. 5000 Fastest Growing Private Companies. We had a photo booth, ice cream sandwiches from pokey o’s and watched a particularly entertaining video of our CEO on Love Connection. It’s always a hit!
One of our core values is “Want to Win and Have Fun.” We know that the key to building a growing and admirable sales organization is the level of engagement and empowerment the employees feel when coming to work every day. That is why our leadership team seeks to create and foster a culture that celebrates hard work, achievement and camaraderie. Check out some photos from our week full of celebrations and end-of-summer fun!
Want to join our growing team? Send us your resume, chat about career goals, or just stay hi: firstname.lastname@example.org
Inc. magazine today ranked THMED, LLC NO. 2,810 on its 35th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.
“It’s an incredible honor to be listed among the fastest growing companies nationally,” said John Martin, Chief Executive Officer, “For seven years, our family of companies made the delivery of needed healthcare services possible through the recruitment of qualified medical professionals. We are proud to be part of these communities and hope to continue growing to serve even more.”
The annual Inc. 5000 event honoring all the companies on the list will be held from October 18 through 20, in San Antonio, TX. Speakers include some of the greatest entrepreneurs of this and past generations, such as best-selling author and strategist Tony Robbins, SoulCycle co-founders Elizabeth Cutler and Julie Rice, Cornerstone OnDemand founder, president and CEO Adam Miller, Marvell Technology Group director and co-founder Weili Dai, and New Belgium Brewing co-founder and executive chair Kim Jordan.
The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies. THMED posted a 124% growth in three years!
We are excited to annouce that THMED, LLC is named as one of the Best Places to Work in North Texas 2016 by the Dallas Business Journal.
“It’s a great honor to have been named one of the Best Places to Work in North Texas,” said THMED’s Chief Executive Officer, John Martin. “One of our core values sets to create a culture that celebrates hard work, achievement and camaraderie. I’m grateful for the leaders in our organization and their dedication to making our customers and employees happy.”
THMED experienced tremendous growth this past year, and introduced new programs to engage employees. “We’ve partnered with Alex’s Lemonade Stand Foundation to encourage our employees to give back to their communities, expanded our office space and amenities here in Dallas, and rewarded employees with great events like attending the Byron Nelson golf tournament,” explained THMED President, Arthur Cooper.
Best Places to Work showcases North Texas organizations in five different categories: micro, small, medium, large and extra-large. One hundred companies made the cut for this year’s Best Places to Work, and there were over 400 nominations. Winners were determined through a survey administered by Quantum Workplace, an independent research firm.