In this clip from THE PITCH, we give you an inside look at how a research analyst's high-conviction stock idea becomes a manager's winning position.
Watch below as Health Policy analyst Emily Evans pitches Hedgeye CEO Keith McCullough on Universal Health Services (UHS), Evan's new Short position.
Click here to learn more about Emily Evan's "Health Policy Unplugged" Product.
Click here to watch the entire hour long The Pitch, including 5 other analysts' Best Ideas.
. . .
Emily Evans: Labor costs in Healthcare (like everywhere else) have gone up, especially low wage earners who happen to populate behavioral health part of the system, which is about 45% of UHS business.
The other general medical hospitals are seeing inflation go up pretty significantly on the wage business.
The problem is that their payments are predetermined through contracts with the Federal government, sometimes as long as 18 months in advance.
So as their wage expense goes up, their reimbursement really has trouble keeping up and they get squeezed.
LOOKING FOR MORE SECTOR PRO CONTENT?
Click HERE to for a free Health Policy Unplugged note: Excuses, Excuses and $JNJ Vaccine Pause | Politics, Policy & Power
. . .
The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates. Click here to learn more.
https://twitter.com/HedgeyeTV/status/1384525186129670148