Franchise Deep Dive: i4 Search Group Franchise Costs, Fees, Profit and Data

i4 Search Group aims to provide comprehensive staffing solutions to healthcare facilities while supporting franchisees in building successful businesses.

By Victoria CampisiStaff Writer

8:08AM • 05/09/24

LAST UPDATED: 2/2024

FRANCHISE WEBSITE: https://i4searchgroup.com/franchising/

NUMBER OF LOCATIONS: 30

REPORTED COST TO GET IN: $67,000 - $114,000

REPORTED ROI (Item 19): N/A

i4 Search Group is a national permanent recruiting firm that specializes in providing healthcare talent to top facilities across North America.

How Many i4 Search Group Locations Are There?

Since its founding in 2019, i4 Search Group has grown to 30 locations.

What Is The i4 Search Group Business Model?

The business model of i4 Search Group revolves around permanent placement healthcare recruiting. They act as a mediator between healthcare facilities (hospitals, clinics, medical centers) and healthcare professionals (physicians, nurses, allied health professionals) seeking permanent employment opportunities.

Here's an overview of their business model:

Recruitment Services: i4 Search Group offers recruitment services to healthcare facilities looking to fill permanent positions. They work closely with these facilities to understand their staffing needs and find suitable candidates to fill those positions.
Candidate Sourcing and Screening: i4 Search Group actively sources and screens healthcare professionals to build a pool of qualified candidates. They use various methods — including advertising, networking and referrals — to attract potential candidates. Once candidates express interest, they are screened and evaluated to ensure they meet the qualifications and preferences of the healthcare facilities.
Matchmaking: i4 Search Group matches qualified candidates with job opportunities at healthcare facilities. They consider factors such as skillset, experience, preferences and location to make suitable matches that benefit both the candidate and the facility.
Franchise Model: Franchisees receive training, support, and access to resources to help them establish and grow their businesses within the healthcare recruiting industry.
Revenue Generation: i4 Search Group generates revenue through various channels, including placement fees charged to healthcare facilities for successfully filling positions, franchise fees from aspiring franchisees, and other potential service fees associated with their recruitment process.

i4 Search Group offers franchisees three specialty lines to address specific areas of the healthcare industry and cater to different types of healthcare professionals:

Nursing, Advanced Practice and Administration/Leadership: This specialty line encompasses a wide range of roles within the nursing field, including registered nurses (RNs), licensed practical nurses (LPNs), nurse practitioners (NPs) and certified nursing assistants (CNAs). It also includes advanced practice professionals such as certified registered nurse anesthetists (CRNAs) and certified nurse-midwives (CNMs). Additionally, this specialty line covers administrative and leadership positions within healthcare facilities, including nurse managers (NMs), directors of nursing (DONs) and chief nursing officers (CNOs).
Provider Division: The Provider Division focuses on recruiting healthcare professionals who provide direct medical care to patients. This includes roles such as chiropractors, pharmacists, physicians (including specialists like psychiatrists and psychologists) and other healthcare providers. This specialty line is crucial for healthcare facilities looking to fill positions with qualified medical practitioners across various specialties.
Allied Health Professionals: Allied health professionals play a vital role in supporting patient care and treatment within healthcare settings. This specialty line encompasses a diverse range of roles, including, but not limited to:
- Administrative and leadership positions requiring an allied health degree or background.
- Diagnostic and imaging specialists, such as radiologic technologists, ultrasound technologists, and MRI technologists.
- Other allied health professionals like audiologists, medical assistants, exercise science professionals, paramedics/emergency medical technicians (EMTs), phlebotomists, nutritionists, optometrists, orthoptists, and various therapist positions.

How Much Can i4 Search Group Owners Make?

Earnings for i4 Search Group owners are not publicly available.

How Much Does It Cost to Open an i4 Search GroupFranchise?

i4 Search Group doesn’t publish franchise costs on its own website. However, Entrepreneur reports that costs range from $67,000 to $114,000 and that there are net worth and cash requirements of $150,000 and $65,000 to $95,000, respectively.

What Is the Franchise Fee for i4 Search Group?

The franchise fee ranges from $50,000 to $80,000, according to Entrepreneur.

Who Are the Leaders of i4 Search Group?

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