Archives     Advertise     Editorial Calendar      Advertiser Index     Subscribe     Contact Us    


Wall Street Analysts Deliver 2020 Health Care Predictions at Signature Council Event


 
Photo credit: (c) 2020, Donn Jones.

More than 600 health care executives gathered at the Nashville Health Care Council's signature event, "Wall Street's View on Prospects for the Health Care Industry," to hear top health care industry analysts discuss the investment outlook for the coming year.

The conversation was moderated by Milton Johnson, retired chairman and CEO, HCA Healthcare, and included Frank G. Morgan, managing director, RBC Capital Markets; Ralph Giacobbe, equity research analyst, Citigroup; and A.J. Rice, managing director, Credit Suisse. Collectively the analysts have 73 years of health care experience.

View event photos on Flickr.

Photo credit: (c) 2020, Donn Jones.

The esteemed analysts predicted the direction of popular health care trends, investment risk and M&A activity with focus on the potential impacts of health care legislation and the outcomes of the 2020 election. Johnson led exploration of various health care topics, including consumerism, telemedicine, drug pricing, home health, and managed care. Overall, analysts agreed the outlook for health care stock performance in 2020 is positive.

Addressing market risk around the current political climate, analysts acknowledged small market responses to changing political headlines, significant interest around the uncertain passage of Medicare for All and the impact of these issues on the market.

"Medicare for All is of key interest to investors," said Rice. "The candidates promoting it will have their moment in the sun between now and March 3, Super Tuesday. Our period of maximum volatility is probably in the next four to six weeks."

The panelists identified several trends to watch, including the evolution of telemedicine as a resource for monitoring chronic conditions and the rising value of transparency and education to patients. Panelists agreed lower cost settings of care and increased consumer engagement will be trends that continue for years.

"I agree, there need to be more tools for consumers," said Giacobbe. "The goal is to focus on transparency and education. The challenge I think about is that consumers shop for the services their physician wants. There are many other health care services that are not shoppable. So, tools that integrate the physician with transparency, rather than just focusing on the consumer, will grow much more."

Morgan noted that in addition to telemedicine other emerging technologies are improving the quality and efficiency of care. "Technologies like wearable devices may be a growing area of technology helping patients better manage chronic conditions. For example, Dexcom has glucose monitoring technology that can examine someone as young as two years old."

Johnson asked the panel their opinion on names like Amazon, Google and Walmart entering the health care realm and the impact they might have on the industry. The analysts were in consensus that potential disruption caused by large companies outside of health care is still in the early stages.

"We don't want to be dismissive of how disruptive these companies can be. But, if you look at what they have done, it looks a lot like what others are doing in managed care. It's still very early to tell," said Morgan.

"The mentality of big tech is openness and sharing of information. They've been challenged to fully understand HIPAA compliance and the confidentiality of patient information," said Rice. "Health care has its own culture, and if a company doesn't grow up around sensitivity to compliance, it's hard to ingrain that in a different culture."

Panelists also identified their top sector picks for 2020 some of which include Cigna, UnitedHealth Group, HCA Healthcare and Surgery Partners.

As the Council's 25th anniversary approaches in 2020, Hayley Hovious, president of the Council commented on the future for Nashville's health care community.

"Wall Street analysts agree that Nashville is on the front lines of the continued development of the industry and that, with the talent pool that exists here, significant opportunities are ahead. The Council is proud to be involved in this forward-looking conversation and facilitate the collaboration throughout our booming industry," said Hovious.

Bass, Berry & Sims served as presenting sponsor of the program with Alvarez & Marsal, Cumberland Pharmaceuticals, First Horizon, GE Healthcare, Gresham Smith, and Jarrard Phillips Cate & Hancock as supporting sponsors. The program's media sponsor was Modern Healthcare.

 
Share:

Related Articles:


Recent Articles

New Study Identifies Gaps in Treatment for Opioid Use Disorder as Overdose Emergencies Soar

Opioid overdose deaths have reached record highs and emergency physicians have a vital role in potentially saving these patients by prescribing Medication Assisted Treatment (MAT) such as buprenorphine, and by prescribing naloxone, a rapid-acting medicine to reverse an overdose.

Read More

HealthStream Acquires Rievent Technologies

Leveraging its hStream open architecture, HealthStream expands its ecosystem with a powerful continuing education management and delivery application

Read More

INTERNATIONAL VOLUNTEER DAY: LOCAL PEDIATRICIAN TERRI WHITE DEDICATES TIME TO HELP CHILDREN WORLDWIDE

International Volunteer Day is a global celebration of volunteers. It takes place every year on December 5 to shine a light on the impact of volunteer efforts everywhere.

Read More

Tivity Health Takes Meaningful Steps to Keep Seniors Engaged, Connected

At first glance, SilverSneakers might appear to be 'just' a fitness class ... but dig a bit deeper, and it's clear this class is actually a community keeping participants active and engaged.

Read More

AMA Adopts Policy to Combat Public Health Disinformation by Health Care Professionals

New policy aims to address spread of rampant disinformation amid COVID-19 pandemic

Read More

AMA Adopts Policy Aimed at Strengthening U.S. Public Health Infrastructure, Opposing Limits Placed on Public Health Officials

New policy calls for consistent, sustainable funding, a robust public health workforce, and data modernization

Read More

Managing Risk of Cyber Incidents

Cyber threats are here to stay -- and they continue to be one of the topics keeping senior management up at night. With breaches and ransomware attacks still occurring at high rates, the healthcare industry continues to be significantly impacted.

Read More

American Cancer Society, Meharry Team Up to Change the Narrative

Meharry Medical College is one of four HBCUs partnering with the American Cancer Society.

Read More

Navigating Cancer Care

Nashville startup Thyme Care is proving to be an innovator in the cancer navigation space.

Read More

ONcology Rounds

New treatments, research and leadership - Middle Tennessee has a lot going on in oncology care.

Read More

Email Print
 
 

 

 


Tags:
None
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: