As a nod to the clever and entertaining Harper’s index, here is September’s healthcare and finance index.
The decline in 2nd quarter hospital admissions for HCA Healthcare: 20%1
The decline in emergency room visits in the same quarter: 33%
The number of times Covid-19 was mentioned in HCA’s second-quarter earnings report: 70
The 2nd quarter increase in payments per stay: 10%
The fiscal year 2019 increase in costs for charity care compared to 2017: 153%
The income ceiling for a family of four to be eligible for charity care2 for non-elective procedures: $100,000
Total yearly direct costs of uncompensated care3: $1.5B
Uncompensated care costs as a percentage of billed charges: 12%
New Health Savings Accounts since 2011: 23,000,000
2019 HSA assets: $66b
The all-in cost of a telehealth visit for Teladoc (ticker: TDOC): $100
TDOC’s 2019 free cash flow after adding back stock compensation: -$48m
The lowest cost option on GoodRx’s telehealth platform: $25
The decline in monthly active customers on GoodRx for April: 10%
2019 free cash flow: $80,000,000
Reported dollars saved patients since 2011: $20 billion
The dollar difference of a healthcare benefits package for family coverage for an employee of a large service company; the gap between the top 10% and the bottom 10%: $8,400
The change in mortgage refinance volume in the US vs. last year: 200%
Percentage of Vanguard retirement participants who put all of their retirement savings into a single target-date fund: 54
Average plan asset allocation to target-date funds: 59%
In 2008: 7%
Median savings retirement contribution rate for 2019: 10%.
in 2015: 10%
Disclosures: my personal healthcare coverage is a $5,000 deductible cost-sharing plan (non-ACA compliant). Healthcare investments: Cigna, Fitbit (pending deal close by Google), HealthEquity, Teladoc (short via long puts).
Photo by Katie Moum on Unsplash
