Takeaway: Moving TDOC to the Top Active Long, ONEM to the Long Bench, and Narrowing the Short Bench on the Hedgeye Health Care Position Monitor.

Position Monitor | COVID-19 Treatments, TDOC Consumer Survey Results, Nurse Demand Accelerating - positonmon0320

Position Monitor Weekly Presentation

Topics include:

  • COVID-19 Cures
  • Tele-health Consumer Survey
  • Nurse Demand

CLICK HERE to access the associated video replay (20min)

CLICK HERE to access the associated slides.

OVERVIEW |   As the Quad 4 macro backdrop and the COVID-19 pandemic spread, at each step, we've had trouble catching up. As of today, the one thing we're pretty confident about is the duration and depth is much worse than what we were thinking a few weeks ago. As this relates to our Position Monitor, we've made some significant changes, mostly to focus on what we can do now on both the long and short side.  We added TDOC to the active longs and ONEM to the long bench, and we narrowed the short bench to HCA and DVA. 

TDOC |  Everyone knows telemedicine is going to increase rapidly, but how much and for how long?  In terms of how much, we surveyed a panel of consumers and based on their responses, a very big amount.  3.5% of our survey were already regular users of telemedicine in the period, very similar to the current utilization rate reported by TDOC.  Another 5% of respondents  had tried it for the first time in the last 30 days, or 150% more utilization.  In addition, over 40%+ of respondents were open to trying telemedicine.  With the federal government's opening access for providers and patients during the COVID-19 pandemic, a longer period of restricted movement, TDOC numbers are moving much higher from here.

Position Monitor | COVID-19 Treatments, TDOC Consumer Survey Results, Nurse Demand Accelerating - tdoc survey

AMN | Nurse demand, but especially ICU nurse demand, is accelerating rapidly in cities and states with the biggest outbreaks.  So far the impact of restrictions on movement and shutting in of health care provider capacity has not diminished the demand trend.

Position Monitor | COVID-19 Treatments, TDOC Consumer Survey Results, Nurse Demand Accelerating - amnicu

COVID-19 | We've begun collecting county data on a daily basis.  The pattern in case development among less populated counties implies increasingly tighter social distancing policies are coming to more states such as Florida and Texas sooner than later.  Lack of control on the spread puts increasing pressure to find a therapeutic that can reduce case severity and mortality and release the pressure on the health system.

Position Monitor | COVID-19 Treatments, TDOC Consumer Survey Results, Nurse Demand Accelerating - coviddrug  

Call or email with questions.

Thomas Tobin
Managing Director


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