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September’s Index

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%HCA is one of the largest hospitals in the US with 186 hospitals and 122 surgery centers 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 ...

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GoodRx’s IPO and the $450 Story

Many great founders have started companies after an annoying experience. Netflix’s lightbulb moment began with founder Reed Hastings waiting in line at Blockbuster to pay $40 after losing Apollo 13. For Doug Hirsch, co-founder of GoodRx, it was a $450 prescription back in 2010--years earlier he followed his parents’ advice on getting a job with good insurance. He learned price variation was more than theory. Doug went from pharmacy to pharmacy comparing prices. Even with good insurance, prices w ...

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An Interview with Dr. Eric Bricker

Dr. Eric Bricker, MD is a physician, a co-founder of Compass Professional Health Services, now part of Alight, and the founder of both AHealthcareZ and Texas Family Insurance. His content is rich and deep and he's a must-follow for those in healthcare.Q: Tell me about AHealthcareZ and what you're working on this month. AHealthcareZ posts 3-5 educational videos per week on healthcare finance. I have several thousands of email subscribers and close to 100,000 viewers on Linkedin. It’s a fantastic ...

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Financial Broccoli

Kellogg tells you their cereal is natural and has whole grains. There are no broccoli lobbyists or marketers (other than moms). Some good things do need reminders. One trigger for some of my favorite healthcare and financial housekeeping tips starts with a fresh door: a new job. Switching Jobs Over a 10 year period, an employee's biggest medical expense is likely payroll contributions toward premiums (median: $100 per month; $400 for families)source: data from over 500 large employers, The 201 ...

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Valuing a Piece of Americana

Baseball cards are part of Americana. The slotted binders, stats, and bike rides to shops evoke nostalgia too. The investment merit of cards fit is another question. An index of the rarest of cards may have outperformed the S&P 500 by 2.3x over the last 10 years but that's a small niche with gated access. Though investment returns on cards and collectibles are hard to find details on, they lag bonds, stocks, and real estate. To sell cards is to accept the current market value. An extra dos ...