WEEKLY POSITION MONITOR UPDATE
While we continue to work on ideas which have been in our pipeline, we followed up with the CFO of a large academic hospital system and spoke with a core lab director at a major genome and academic research center to further develop our outlook on the "Other Side" of COVID-19. We plan to augment our COVID series with the insights from these experts, as well as, those of our featured speaker, Dr. Kari Nadeau, next week. On Monday’s Health Care Check Up, we will cover:
- Outlook for Post-COVID | We have quantified the level of spending by age, payor, and patient health status to take a look at the potential of at-risk patients staying away to impact growth in the back half of 2020. For hospitals, the mix of these patients is significant.
- HRC | Despite a roughly 2% tailwind from COVID-19 “pull forward” demand, Surgical Solutions experienced a -3% decline in core revenue growth. Our forecast identified this incremental demand in 2Q20 and predicts a deceleration in 3Q20.
- GH | We will discuss our updated claims data that shows solid tumor has yet to make a big impact on claims volume. Lung cancer continues to account for a large and as of yet stable, percentage of the total volume.
- Hospital Trends and TXG | We followed up with the CFO of a large, West Coast hospital network concerning his outlook on the post-COVID recovery that is happening unevenly across departments, but faster than expected. TXG may be an expensive stock with a niche product.
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Hedgeye Health Care Check- Up | Outlook for Post-COVID, HRC, GH, Hospital Trends, TXG Please join us on Monday, June 22, 2020 @ 2:30 PM ET - Add to Outlook Calendar Public: CLICK HERE for event details (includes video link and materials link) will be posted here. |
RECAP OF Recent EVENTS
Field Note | Hospital CFO, Post COVID Trends | "We're At 104% Of Pre-COVID" In Outpatient Department
CLICK HERE to access the associated note.
Field Notes | TXG, Liquid Biopsy, Grail | "A Knock Off Is Not The Hard Part"
CLICK HERE to access the associated note.
Field Notes | TDOC, ONEM, FB, ZM | Senate Hearing on Making Permanent Telehealth Emergency Waivers
CLICK HERE to access the associated note.
The Path to A COVID-19 Vaccine: An Interview With Dr. Kari Nadeau
CLICK HERE to access the associated note.
Health Care's Race Problem; A Conversation with Marcus Whitney
CLICK HERE for event details (includes video link and materials link).
Health Care Check- Up | Robin Hood, #SecondWave, COVID Testing, Screen Results Hill-Rom
CLICK HERE for event details (includes video link and materials link).
All data available upon request. Please reach out to with any inquiries.
Thomas Tobin
Managing Director
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