Archives     Advertise     Editorial Calendar     Subscribe     Contact Us    


Council's Annual Wall Street Panel Looks at Predictions for an Unpredictable Year


 
Photo credit: Donn Jones Photography
Photo credit: Donn Jones Photography
Photo credit: Donn Jones Photography
Photo credit: Donn Jones Photography
Photo credit: Donn Jones Photography

The day before Donald J. Trump was sworn in as the 45th president of the United States, the Nashville Health Care Council welcomed 650 members to hear top investment analysts discuss 2017 predictions for the healthcare industry at the annual "Wall Street's View on Prospects for the Health Care Industry" program.

The discussion was moderated by Wayne T. Smith, chairman and CEO, Community Health Systems, and included Whit Mayo, managing director, Robert W. Baird; A.J. Rice, managing director, UBS; Chris Rigg, senior managed care and healthcare facilities analyst, Deutsche Bank; and Paula Torch, senior research analyst, Avondale Partners.

With questions about the Affordable Care Act looming large, Trump's priorities for his first 100 days and the Republicans' promise of "repeal and replace" served as an underlying theme for the discussion. Within days of the inauguration, both Trump and Congress had taken first steps to pave the way for repeal, while the 'when' and 'how' to replace remained unclear.

"The next couple of weeks are probably the worst time to try to make predictions of what is going to happen in the market. My sense is that they are pushing to give more healthcare control back to states. It is unclear exactly how this is going to play out, but change won't happen overnight," Rigg said. "Regardless, healthcare companies have to figure out how to do more for less."

The analysts offered perspectives on a variety of sectors, including healthcare facilities, behavioral health, outpatient services, managed care, home care and more. The analysts identified HCA, Acadia, United Health Group and Envision Healthcare as specific companies to watch in 2017. They also agreed industry sectors that are not particularly sensitive to decisions related to ACA repeal and replace are the ones more likely to grow in 2017.

"There will be outperformance in areas that are a little more immune to the ACA decisions, including behavioral healthcare," said Torch. "Many sub-sectors of behavioral health, including companies that serve those with intellectual disabilities, eating disorders and opioid addiction, are poised for growth," he continued.

"The election threw us a curve ball, but there are some pockets of opportunity. The areas of ambulatory services and physician practice management will see growth moving forward," Mayo predicted.

The panel discussed the effects of industry trends on the market, including M&A activity, consumerism, value-based purchasing and emerging technology.

"When it comes to M&A, it used to be the little guy merging with the big guy, or two big guys merging together. But now, we see more untraditional partnerships, more vertical collaborations," Rice said. "Companies are looking to partner with others who can help them take the next step and increase efficiency, whether that's revenue cycle management or understanding patient behavior."

Trends on Wall Street have a direct impact on the Nashville MSA as the are is headquarters to 18 publicly traded healthcare companies, which employ 500,000 people throughout the world and see $78 billion in annual revenue. "There is no other health =care community like Nashville, and many of the people in this room today are developing solutions that will improve healthcare in the years to come," Smith said. "We are thankful to the Council for bringing us all together to learn and connect with one another."

WEB:

Nashville Health Care Council

 
Share:

Related Articles:


Recent Articles

Cancer Care on the Cutting Edge

Nashville physician-scientists are helping lead the way in advancing cancer care.

Read More

The Evolution of Senior Living

The senior living industry is undergoing a makeover as baby boomers shift focus from medical-directed care to hospitality-driven services.

Read More

When Basic Science Becomes a Breakthrough

Noted immunologists joined forces at the recent International Cancer Immunotherapy Conference to discuss the importance of fostering and funding basic science.

Read More

Dr. Meredith McKean Brings New Hope, More Options for Melanoma Patients

Oncologist Meredith McKean, MD, MPH, overseeing Sarah Cannon's Melanoma Research Program

Read More

ONcology Rounds

News of note in cancer research, treatment and partnerships.

Read More

Ascension Saint Thomas Opens Cancer Center

Ascension Saint Thomas recently celebrated the grand opening of their comprehensive new cancer center on the Midtown campus.

Read More

NMGMA 10 Minute Takeaway

Medicare Part B representative from Palmetto GBA offered updates and resources to navigate compliance.

Read More

Improving Quality, Lowering Cost of Care for Seniors

Five years into the Medicare Shared Savings Program, more and more ACOs are beginning to demonstrate the ability to improve quality while lowering costs.

Read More

Planning Ahead: Patients & Power of Attorney

The time to think about a durable power of attorney is long before it's needed. Barbara Moss discusses the importance of the document in healthcare.

Read More

Council on Aging Honors Middle Tennesseans

The Council on Aging (COA) of Middle Tennessee hosted their 27th Annual Sage Awards on Oct. 29. With a belief that aging should be celebrated and embraced and that older adults have a lifetime of wisdom and experience to offer communities, the Sage Awards are presented each year to older adults who have made outstanding contributions to Middle Tennessee.

Read More

Email Print
 
 

 

 


Tags:
A.J. Rice, ACA, Affordable Care Act, Avondale Partners, Chris Rigg, Deutsche Bank, Nashville Health Care Council, Paula Torch, Publicly Traded Healthcare Companies, Repeal and Replace, Robert W. Baird, UBS, Wall Street View on Prospects for Health Care, Wayne Smith, Whit Mayo
Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: