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Position Monitor | MD Top Long | Continued Ramp in Flu | GH and NVTA Claims Index Updates Live Update and Q&A: CLICK HERE for video and presentation materials |
OVERVIEW
We added MD to the active longs a week ago and are presenting the idea today at 2PM ET. We also touched on the update for our claims data for GH and NVTA, both in line with the long and short positioning. Flu continues to ramp across the US and is well above the 2018-2019 season. TDOC, AMN, THC, LH, and their peers should all benefit from a strong flu season.
CALL OUTS
MD | New Best Idea Long | When we adjust same unit volume growth for changes in same unit physician headcount, MD's reported volume was way worse than it looked. However, as management focuses on their attention on the turnaround, 3Q19 by comparison is better than it seems. We will be hosting a call to review the thesis and our outlook TODAY at 2 PM ET. LINK TO INVITE
GH | Patient Volume and Claims Index trending positive for 4Q19. We'll be watching to see if the Medicare final Local Coverage Decision has an impact on volumes by diagnosis code, and a move away from lung cancer patients. LINK TO NOTE
NVTA | Patient Volume and Claims Index are trending below guidance for 4Q19. Congress's decision to delay implementation of PAMA until 2022 is not a game changer but still nice to have. LINK TO NOTE
Thomas Tobin
Managing Director
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Emily Evans
Managing Director – Health Policy
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