For today’s video, I had planned to talk about the good state of the healthcare sector after the J.P. Morgan healthcare conference, but as I was walking around San Francisco, I again became aware of the enormous health disparities.
Hi, its Raphael from Kieger.
The following chart shows the prevalence of selected chronic diseases by household income buckets in the US.
Households earning less than 35 thousand USD – in green – have a 2.4x higher stroke prevalence and a 2.6x higher chronic bronchitis prevalence compared to households earning above 100 thousand USD – in blue. Diabetes is also nearly twice as spread among low-income families.
This relationship is also observable for a lot of other chronic diseases. There are many reasons for this staggering statistics, for example:
The good news is that there is a clear trend that health insurers and providers have started to consider such social determinants of health. But, much remains to be done to address these health disparities.
We recently attended the 41st J.P. Morgan Healthcare Conference in San Francisco, which took place from January 9th to January 12th 2023. Our overall conclusion from the conference is that the industry remains in good shape. The key themes that emerged during the week from a devices and services perspective were, the rise of value-based care and innovation & digitalisation. However, it also became clear that the macroeconomic environment is still the dominant force behind (sub) sector performance.
Day after day currently feels like a roller coaster ride, going up because of better than hoped for CPI numbers, down because of looming recession fears, and back up because of a less hawkish FED speech. Are we there yet? What do you think?
40.97% - that's how much the HC market has returned since November 2019 until end of November 2022. It certainly has not been a straight line. Join our Kieger Healthcare specialists Urban Fritsche and Raphael Oesch as they look back at the last three healthcare investment years and discuss two current challenges and corresponding opportunities.