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Medical Care

Todd Gordon: Health-Care Stock May Double, per Charts

2024-12-03

Hims & Hers Health (HIMS) has emerged as a prominent online multi-speciality telehealth company, seamlessly connecting consumers with licensed healthcare professionals. Since its public debut in 2021, it has garnered significant attention, with highly erratic price trends that demand a certain level of courage from investors. Back in July, when the stock was trading around $23.50, we delved into this name in our column. Currently, it trades at $32.50. True to its volatile nature, the stock did not ascend in a straight line by 50% from July; it even dipped below $14 in September. Despite the volatility, we remain committed to holding this name and are considering adding to our position. After that September dip, the stock broke through the $25.50 three-year resistance zone. As long as it remains above this newly formed support zone, the potential for a double from the current level based on long-term technical projections of $65.00 remains intact.

Weight Loss Drug: A Key Driver of Headlines and Volatility

The most significant source of headlines and volatility for this modern company is their weight loss drug, which competes with Lilly's and Novo Nordisk's GLP-1 drugs. As stated on the HIMS website, "Hims & Hers offers compounded semaglutide injections, containing the same active ingredient as Ozempic and Wegovy. These compounded medications are not available over the counter; instead, they require a prescription from a licensed healthcare provider. Hims & Hers facilitates this process through online consultations, where medical professionals assess patients' eligibility for the treatment." Previously, the FDA ruled that Novo Nordisk's and Lilly's GLP-1s were in shortage, enabling compounding pharmacies like HIMS to offer a version for over-the-counter sale. Recently, the FDA removed Eli Lilly's GLP-1 from the shortage list, but Novo Nordisk's GLP-1s still remain on the shortage list, causing some confusion among investors. However, our research indicates that weight-loss drugs only account for approximately less than 10% of revenues, so their significance is not overly substantial. Even with the likely removal of the shortage classification from the FDA list, the stock is performing well. This is likely due to the other revenue channels and opportunities that the company possesses, which can drive future growth.

Denver Health is at the forefront of discussions regarding the impending changes in healthcare coverage. With the Colorado Hospital Association highlighting the challenges faced by Medicaid members and the potential loss of critical healthcare infrastructure, it becomes crucial to understand the implications and potential solutions.

Unraveling the Future of Healthcare Coverage in Denver

Impact of COVID-19 on Medicaid Disenrollment

According to the Colorado Hospital Association, Colorado stands out as one of the worst states when it comes to disenrolling Medicaid members post-COVID-19. This has led to a significant number of Coloradans losing their Medicaid coverage and being denied the healthcare benefits they are entitled to by law. The ramifications of this loss are far-reaching, as it increases the number of uninsured individuals. As Jeff Tieman, President and CEO of the Colorado Hospital Association, emphasizes, if policymakers do not take action, the state will face the daunting task of rebuilding costly healthcare infrastructure.This issue not only affects the individuals directly but also has a broader impact on the healthcare system as a whole. It highlights the need for proactive measures to ensure that Medicaid recipients continue to have access to essential healthcare services.

Benefits of Voter-Approved Ballot Measure 2Q

Denver Health has reaped the benefits of voters approving ballot Measure 2Q last month. This measure has raised an estimated $70 million annually for the hospital, providing a much-needed boost to its funding. As one panel member pointed out, if we value access to health as a human right in Colorado, then such measures become essential. It allows the hospital to continue providing quality care and ensures a more sustainable future.The increase in funding has also given Denver Health the opportunity to address various challenges, such as the significant increase in uncompensated care. In the last 5 years, uncompensated care has more than doubled, costing the hospital $155 million this year alone. With the additional funds, the hospital can better manage these costs and continue to serve the community.

Challenges and Discussions at Denver Health

The panel of healthcare experts at Denver Health engaged in a thought-provoking discussion about the future of healthcare. One of the key points raised was the balance between budgeting and serving the poor and vulnerable. As panel members emphasized, it is a question of whether we prioritize balancing budgets on the backs of the less fortunate or find alternative solutions.This discussion also highlighted the need for collaboration and partnership among different counties and stakeholders. By working together, it may be possible to improve the enrollment situation and ensure that more people have access to healthcare.In conclusion, Denver Health is at a critical juncture, facing the challenges and opportunities presented by the potential changes in healthcare coverage. Through proactive measures, collaboration, and a commitment to providing accessible healthcare, the hospital is working towards a sustainable future for all.

The construction of ThedaCare's new health campus in Fond du Lac is making significant strides. This state-of-the-art facility is set to transform healthcare services in the area. With an estimated $35 million investment and a spacious 25,000 sq. ft. area, it will offer a wide range of essential services.

Key Features and Services

Emergency Care and Inpatient Beds

The hospital will provide 24/7 emergency care, ensuring that patients receive immediate attention when needed. Inpatient beds will be available for those requiring extended care. Board-certified emergency medicine physicians will be on site around the clock, guaranteeing high-quality medical care.

Patients can rest assured knowing that they have access to comprehensive emergency and inpatient services right in Fond du Lac. This will save valuable time and reduce the need for long-distance transfers.

Outpatient Access to Diagnostic Services

The campus will offer 24/7 Computed Tomography (CT) scans, x-ray, and ultrasound services. This allows patients to receive necessary diagnostic tests without the hassle of scheduling appointments during regular business hours. Outpatient access ensures that patients can get the tests they need quickly and conveniently.

For example, a patient with a suspected injury can walk in and get an x-ray immediately, rather than having to wait for a scheduled appointment. This saves time and reduces anxiety for the patient.

24/7 Coverage and Year-Round Operation

The health campus will be open 24 hours a day, seven days a week, 365 days a year. This continuous availability ensures that patients can access medical care at any time, regardless of the day or night.

Whether it's a medical emergency in the middle of the night or a routine check-up during the weekend, patients can rely on ThedaCare's Fond du Lac campus to be there for them.

Interior Design and Artwork

The interior of the hospital is being carefully designed with attention to detail. Flooring, ceiling grid, and ceramic tile installations are in progress, along with interior painting and the installation of wallcoverings. Local artwork is also being secured and installed, adding a touch of beauty and culture to the environment.

The combination of modern design and local art will create a welcoming and soothing atmosphere for patients and visitors alike. It will make the hospital a more pleasant place to receive medical care.

Exterior Improvements

On the exterior, final site grading, curb and site concrete work, asphalt preparation and installation, and exterior door installations are underway. These improvements will enhance the overall appearance and functionality of the campus.

A well-maintained exterior not only enhances the aesthetic appeal of the hospital but also ensures the safety and convenience of patients and staff. The exterior work is an important part of the overall construction process.

Medical Equipment Installation

After the new year, the installation of medical equipment will begin. This includes state-of-the-art equipment that will support the delivery of high-quality medical care. From diagnostic tools to treatment devices, every piece of equipment is carefully selected to meet the needs of patients.

The installation of medical equipment is a crucial step in the completion of the health campus. It ensures that the hospital is equipped with the latest technology and resources to provide the best possible care.

With construction progressing smoothly and various aspects of the campus coming together, ThedaCare's new health campus in Fond du Lac is on track to be completed in 2025. This will bring significant benefits to the local community, providing access to top-notch healthcare services right at home.

In addition to the Fond du Lac location, work is also continuing at ThedaCare Medical Center-Oshkosh, which is expected to be completed in 2025 as well. ThedaCare is committed to expanding its healthcare services and improving the well-being of communities across the region.

Recruitment for caregivers and staff at Fond du Lac is already underway, ensuring that the hospital will have a dedicated team of professionals ready to provide care. Those interested in joining the ThedaCare family can click here to learn more about career opportunities.