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5/4/2022
before am I hearing that right and would you say that's mainly because what you're seeing with respect to patient volumes with respect to nurses retiring nurses trying to move away from the acute setting what would be the driver of that if that is true well I think what we're saying is we're actually going to see volume growth quarter over quarter into second quarter and right I
And AJ, I think if your question is about the rates, so you're right. I think that the rates, we called out what we're expecting for Q2 in that kind of high single-digit, I'll call it, range. And as the rates are coming down, it does take time, especially in travel with longer-term assignments, right? These are 13-week assignments. So the impact is not as significant in the second quarter, but we're still projecting them to come down. So I'd say if you were to seasonalizes throughout the year. Probably the third quarter is where we'll see the larger sequential drop and then a smaller drop in the fourth quarter, but all within the range we called out, that low double-digit kind of sequential declines into the balance of the year. So it's really about the sequencing and the timing of when the rates come down, and it's a function of whether the assignments that have the higher bill rates are canceling and or being replaced at new bill rates. So The bill rate on open orders is down. We have seen that already begin, but the rate at which it's bleeding into the revenue stream because of how it trends off, it takes a little bit more time for that to be seen.
Okay. And to the extent that you're a little more positive on the placement going into the second quarter, is that being driven by patient volumes or nurses at the facility level stepping back or what?
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