Health care executives gathered for The Nashville
Healthcare Council's panel discussion attended by almost 500 healthcare
executives. "Nashville's health care industry is reacting to reform and
leading the way in implementing innovative solutions to improve health care.
With a large number of national providers based here, Wall Street pays a lot of
attention to Nashville's health care industry".
Nashville’s
Health Care Under Discussion by Wall Street Analysts
The
president and CEO Wayne T. Smith along with panelists Kevin Fischbeck, Ralph
Giacobbe, director of the health care research team, Bank of America, Merill
Lynch Global were among the panelists. The analysts offered perspectives on a
variety of sectors including hospitals and ambulatory services, managed care,
behavioral health services and long-term care. The analysts identified
hospitals, senior living, commercial managed care and pharmacy benefit managers
as top sectors for growth in 2014.
"The
13 publicly traded health care companies based in Nashville continue to
influence the national landscape. As the health care industry transforms, there
are great opportunities for innovation and investment, particularly here in
Nashville," said Smith.
"There
has been a lot of press about how exchange enrollment is falling short of
expectations. However, hospital investors may be better served focusing on who
gets coverage, rather than how many. Since people who expect to use the system
are more likely to buy insurance, and they cause the majority of bad debt,
hospitals are likely to benefit from the ACA even if enrollment falls
short," said Fischbeck. "Leaders in the managed care sector continue
to focus on innovation and new ways of serving customers while working with
government and providers as reform is implemented," said Giacobbe.
"For
hospitals, we expect a positive effect from the Affordable Care Act and we
anticipate continued consolidation in the market as reform puts pressures on
providers with fewer resources," said Morgan. "Nashville's health
care industry is reacting to reform and leading the way in implementing
innovative solutions to improve health care. With a large number of national
providers based here, Wall Street pays a lot of attention to Nashville's health
care industry," said Caroline Young, president of the Council.
The
Nashville Health Care Council, was founded in 1995 as an affiliate of the
Nashville Area Chamber of Commerce, is an association of health care industry
leaders working together to further establish Nashville's position as the
nation's health care industry capital. Worldwide, Nashville's health care
industry generates more than 400,000 jobs and $70 billion in annual revenue.
References:
Hannah
Punitha (IRDA Licence Number: 2710062)
Eastern
Standard Time, January 2014