The combined effects of a very disruptive federal policy; COVID and the fall-out from the response; economic and demographic realities; put us at the edge of a transformation in health care unlike anything we have seen since the 1980s. We begin to understand the set-up by examining the macro drivers of labor, capital and technology in this replay of yesterday's call. Due to the usual technical frustration in this WFH era the slides are a little too small, so access full .pdf version here.
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Replay | COVID, Technology & Trump: A Radically Altered U.S. Medical Economy CLICK HERE for event details (includes video and materials link) |
Timestamps:
0 - 3:53 Intro & overview of macro drivers of change: capital, labor, technology and deregulation
3:54 - 6:35 Overview of infusion of capital from federal government - ~$500 billion
6.35 - 13:42 Investments in testing, diagnostics & vaccines, the "wall of money" and the prescient President George W. Bush
13:43 - 18:30 How the US is spending $150-$250 billion on biotechnology and why some of it will be national secrets
18:30 - 23:26 Relief and stimulus funds, "it's raining money"
23:30 - 31:24 Competing demands for health care labor and impact of school closures on female workforce, "missing 84,000" women $AMN, $CCRN
31:25 - 37:06 Health care's acuity problem and likely 4Q outlook $HCA, $THC
37:06 - 38:27 Health care's elusive productivity
38:28 - 44:25 Role of deregulation and advances in technology; outpatient severvices and E/M code changes $ISRG, $OSH
44:25 - 47:22 Technology and enhancing user experience $ONEM
47:22 - 51:18 The limits of telemedicine and use as chief modality for behavioral health
51:19 - 53:35 Recap: capital, labor, technology & deregulation and preview of next week
53:35 - 59:10 Q & A
Next week, Tuesday Dec 15th we will look at sub-sector implications for these changes. Please join us at 2:00PM ET. (Add to Outlook Calendar). On December 30th, we will look at specific tickers and how they fit into this new world order.
Emily Evans