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

Integrating AI in Healthcare

Technology has advanced to a point where AI in healthcare is increasingly common. Now the challenge is utilizing data in a way that is not only predictive but also prescriptive to improve health and outcomes.

Read More

AMA Advances New Principles to Put AI into Practice

AHIP isn't the only national organization focused on how AI might be effectively deployed to improve patient engagement, care and interaction with the broader healthcare system.

Read More

State of Technology

Nashville HIT leaders address challenges, accomplishments of the region's thriving healthcare IT market.

Read More

Helping Children and Athletes Breathe Easier

Experiencing shortness of breath during exercise can be extremely distressing, particularly when it occurs in a child, teen or young adult.

Read More

PHYSICIAN SPOTLIGHT: Between Medicine and Technology

When it comes to rolling out new systems, Neal Patel, MD, said listening to users and understanding concerns are critical to success.

Read More

Navigating the Risks of New Healthcare Technologies

New technologies in healthcare hold great promise, but with that promise come risks that must be considered and addressed.

Read More

Tech Talk

Recent news of note in Middle Tennessee's health tech sector.

Read More

Enhancing Access to Care through Technology

Innovative technology allows patients, health plans to schedule appointments online.

Read More

Reimaging Residency

A joint project between Vanderbilt and Ole Miss was one of eight selected by the American Medical Association to reimagine residency programming.

Read More

Tips & Traps: Expert Insights from NMGMA Leadership

NMGMA's president and president-elect share insights borne of experience to help practice managers enhance success.

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: