WORKWEEK

We’re back to our regularly scheduled programming this week after some fun interludes. In case you missed last week’s send, I recapped the first half of the year in healthcare, hitting on (most) of the major trends. You can find that piece here. Onto this week’s stories! Join Hospitalogy along with 20,000 others from leading…

Today we’re diving into the major themes and trends from the first half of 2023. If you missed my Q1 2023 write-up, you can read it here to get caught up to speed. (Hospitalogy Q1 2023 Roundup). What are you noticing in healthcare so far in 2023? Feel free to respond to this email with…

1. Healthcare Spending as a % of GDP to hit 19.6% by 2031 In June, CMS released its annual projection of national health expenditures, containing historical data through 2021. Driven by strong 65+ demographics growth, healthcare spending will outstrip broader GDP growth. As a percentage, spending is projected to rise from 18.3% in 2021 to…

While a cohort of 36 recently VC-backed public companies (Recent Publics) far underperformed 44 of their legacy peers (Legacy Publics) in 2022 (~4x greater average losses), that trend has reversed to date in 2023 (~2x greater average gains). On average, this cohort of Recent Publics estimates to grow roughly 3x as fast as legacy peers between 2022-2023 and also 2023-2024. Perhaps looking at this correlation alone may suggest that investors are once again starting to value growth over fundamentals and free cash flow. However, that’s not necessarily true.

Last week, CMS released its annual projection of national health expenditures, containing historical data through 2021. Driven by strong 65+ demographics growth, healthcare spending will outstrip broader GDP growth.As a percentage, spending is projected to rise from 18.3% in 2021 to 19.6% by 2031.