Expectations were that cannabis edibles could be available in Canadian stores by the end of 2019, but Manitoba could start selling edibles by next week.
Of the four analysts covering Civitas Solutions, two analysts have given the stock a “strong buy” rating, and two analysts have given it a “buy” rating.
Last week brought the total US dollar-denominated issuance of high-yield debt to $61.6 billion YTD in 2016—47.0% lower compared to the same period in 2015.
What drives LifePoint’s revenue? Major revenue drivers for LifePoint Health (LPNT) include: Equivalent admissions Medicare case mix index Average length of stay Inpatient and outpatient surgeries Emergency room visits Outpatient factor To learn more about the company’s organic growth strategy, please refer to Organic growth strategy at LifePoint Hospitals. Admissions on a consolidated basis LifePoint’s consolidated […]
In 2015, HCA Holdings’s bad debt expense—represented by the provision for doubtful accounts—totaled $3.9 billion. It rose by ~23.5% YoY (year-over-year).
In 4Q15, HCA Holdings earned ~$6.1 billion in revenue from inpatient admissions. It also earned about $4.1 billion in revenue from outpatient admissions.
If you’re a moderate investor invested in high-yield bond mutual funds, you could consider moving some of your assets to investment grade funds (OPIGX).
The technology sector, represented by the Technology Select Sector SPDR ETF, rose by 1.0% on December 21 as the stocks of Apple, Microsoft, and Alphabet rose.
On December 1, the healthcare-services subgroup outperformed all other subgroups in XLV with a return of 3.3%. The biotechnology subgroup returned 0.8%.
XLV closed at $71.56 on November 24, 2015, trading 0.35% below the 100-day moving average price of $71.89 and 0.2% above the 20-day moving average price of $71.40.
J.M. Smucker posted EPS of $1.62, beating the consensus estimate of $1.52. It also reported net sales of ~$2.1 billion, in line with the market expectation.
The Health Care Select Sector SPDR ETF tumbled -1.7% on November 19 after UnitedHealth Group lowered its profit expectations for 2015 and cut its earnings forecast.
At the Stifel 2015 Healthcare Conference, PerkinElmer presented its current position as well as its future growth and strategies for different markets.
US investors seemed to take the weak Chinese manufacturing data released by Caixin in stride on November 2. China’s PMI rose from September’s reading of 47.2 to 48.3 for October 2015.
In 3Q15, Universal Health Services was actively involved in exploring growth opportunities, both in its acute care as well as behavioral health business.
Healthcare stocks like Tenet Healthcare, Universal Health Services-B, and Endo International fell by 4.50%, 4.10%, and 3.98%, respectively, on September 24.
Patterson Companies was the worst performer within the Health Care Select Sector SPDR ETF (XLV) for the period between August 25 and August 31, with a return of -4.10%.
High-yield bond issuance has clearly fallen as 2015 has progressed. For most of the first five months of 2015, issues related to refinancing needs dominated the primary market for high-yield bonds.
HCA Holdings stock rose on positive developments that prompted a major healthcare ETF, the Health Care Select Sector SPDR Fund (XLV), to add it to its portfolio.
Same-facility inpatient admissions rose by 5.1% in 1Q15 on a year-over-year basis. Same-facility equivalent admissions, a measure of total inpatient and outpatient admissions, grew by 6.8%.
Although the increase in total admissions for behavioral health has been more than the acute care segment, revenue per admission declined for the former segment.
In case of behavioral health services, CMS uses a per diem type of fee-for-service payment method. Hospitals are reimbursed based on the length of a patient’s stay.
For-profit hospital operators each focus on one service line in addition to acute care services to reduce their business risk and earn sustainable profits.
Universal Health Services (UHS) earns more than 50% of its total revenues from the Texas, Nevada, Florida, California, and District of Columbia markets.
The ownership structure of the healthcare sector is mainly dominated by institutional investors such as mutual funds, hedge funds and private equity funds.
The Supreme Court has agreed to hear a case deciding whether a tax subsidy should be provided to low- and moderate-income people buying insurance federally.
The implementation of this tax, called the Cadillac tax, will take effect beginning 2018. Post-2018, the threshold will be indexed to general inflation
The healthcare industry, represented by the Healthcare Select Sector SPDR, is affected by the unemployment rate. Income affects people’s health choices.
Inflation closely relates to the performance of the healthcare industry (XLV), as it affects the rates that hospitals charge and the costs of medical care.
Hospital admissions are classified in two categories, inpatient admissions and outpatient admissions. Patients who are admitted overnight are inpatients.
The hospital sector is widely considered a non-cyclical or defensive industry, meaning demand for hospital services doesn’t change with the economic cycle.
Despite having negative equity, HCA Holdings is backed by strong operational performance and debt-to-EBITDA figures, which are among the lowest in the industry.
HCA Holdings uses advanced staffing solutions such as creating a centralized float pool of nurses instead of directly hiring nurses for different facilities.
HCA Holdings earns about 50% of revenues from facilities in Florida and Texas, which have high levels of uninsured populations at 22.1% and 20.1%, respectively.
HCA Holdings is capturing market share in the $15 billion urgent care clinic market field by focusing on acquiring or opening standalone urgent care clinics.
The company acquires hospitals to create regional networks, especially in states where more of the population is uninsured. By positioning itself to be the network provider in under-penetrated markets, the company can earn higher revenues.
With the implementation of Obamacare reforms, the healthcare industry is now developing new methods of providing quality care to patients. The variety of physician practices affiliated with Community Health Systems is giving more patients access to preventive health services.
Community Health Systems acquires two to four hospitals each year as a part of its growth strategy. Reducing duplicate functions at the corporate level reduces overhead salary costs.
Sources of revenue For-profit hospitals like HCA Holdings (HCA), Tenet Healthcare (THC), Universal Health Services (UHS), and Community Health Systems (CYH) receive payments from federal Medicare, state Medicaid, or similar programs, managed care, third-party payers, and directly from patients. You can reduce your dependence on payment variations from different payers by investing in the Healthcare Select Sector […]
Capital projects in the hospital sector include purchasing new facilities, purchasing medical equipment, renovating and replacing existing hospitals, and investing in information systems infrastructure.
Government programs Government programs like Medicare and Medicaid, combined with other health insurance plans such as the Children’s Health Insurance Program (or CHIP), Department of Defense, and Department of Veterans Affairs programs, comprise about 51% of the total payments for hospital care. There are also other third-party payers, like worksite healthcare, the Indian Health Service, […]
According to the American Hospital Association (the AHA), uncompensated care costs in 2013 amounted to about $49 billion. Bad debt expenses closely relate to unemployment levels and the total number of uninsured people.
An overview of teaching hospitals can help you predict future trends in hospital industry workforce management and, finally, the companies’ overall expenses.
You can break down average hospital costs into salary expenses, supply expenses, bad debt expenses, and miscellaneous expenses. Labor costs account for about 49% of expenses, and they’re the biggest expenses for hospitals.
In the capital-intensive hospital industry, economies of scale offer a competitive advantage by spreading out the high fixed costs, providing for higher margins.
During the 1990s, the hospital industry underwent about 900 consolidation deals. These led to the formation of local markets, with limited hospital systems dominating cities like Boston, Pittsburgh, and Philadelphia.
Blue Ridge started a new position in Cheniere Energy Inc. (LNG) that accounts for 1.78% of the fund’s portfolio. Cheniere is a Houston-based energy company.
In this six-part series, we’ll go through some of the main positions Appaloosa Management traded this past quarter. Why buy Community Health Systems Inc. (CYH)?
