WEEKLY POSITION MONITOR UPDATE
On Monday’s Health Care Check Up, we will cover:
- COVID Slowdown | It is unlikely that states head back into lock-down as COVID ramps higher across the country due to economic concerns, political pressure, and constituent morale. What is more likely is that re-acceleration will severely impact volumes across the US Medical Economy. We touched on this in our update last week and will present further analysis on this week’s update.
- Cologuard Market Share (EXAS) | Cologuard took patient share from Colonoscopy and FIT testing during the COVID outbreak. As elective procedures were taken off restriction, screening colonoscopy made a robust recovery. As of the latest data point, screening colonoscopy was off by 150bps versus pre-COVID. As many states focus their time and resources fighting COVID, elective procedures are again being limited. Based on the last few months of data, we expect the broader impact to Cologuard will be limited going forward.
- Claims Data (GH) | Although we do not see any increase from solid tumor testing, total claims volume continues to come in strong for 2Q20. Most testing remains in the lung cancer category.
- Micro Quad Screener | As we continue to develop and refine our screening process for high probability longs and shorts, we have flagged nearly 20 names that are currently screening long. Of these names, we have already begun to concentrate our work on those with solid, fundamental drivers.
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Hedgeye Health Care Check- Up | COVID Slowdown, Cologuard Mkt Share, GH Claims, #MicroQuads Please join us on Monday, June 29, 2020 @ 2:30 PM ET - Add to Outlook Calendar FREE: CLICK HERE for event details (includes video link and materials link). |
RECAP OF Recent EVENTS
EXAS | Cologuard, Screening Colonoscopy, Wellness Visits, Weak Post-COVID Recoveries
CLICK HERE to access the associated note.
Call Replay | COVID Update | Texas & Arizona's Border Problem; What Are We Measuring with Testing?
CLICK HERE for event details (includes video link and materials link).
Call Replay | The Path to A COVID-19 Vaccine: An Interview with Dr. Kari Nadeau
CLICK HERE for event details (includes video link and materials link).
Field Notes | Senate Help on Vaccines, Supply Chain and Future Pandemic Response
CLICK HERE to access the associated note.
NVTA | Moving to Short Bias
CLICK HERE to access the associated note.
Health Care Check- Up | Outlook for Post-COVID, HRC, GH, Hospital Trends, TXG
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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