healthcare 101 book/course?
Anyone knows any healthcare 101 book or crash course? Thanks a lot!
Trending Content - Equity Research Forum
| +13 | Is Equity Research Dying - Where Are the Future Opportunites? | 4 | 1d |
| +10 | Associates who stuck around for > 5 years working for the same analyst. Why? | 4 | 6d |
| +9 | UBS ER SA27 Superday | 7 | 3w |
| +9 | Detailed Revenue and Cost Builds | 3 | 1w |
| +7 | Analyst with no coverage or ranking | 5 | 1w |
| +7 | Uiuc or Ross or UChicago | 8 | 2w |
| +1 | IB SA -> ER FT | 4 | 2w |
| 0 | Equity Research Rankings | 1 | 1w |
Career Resources
also interested
Any suggestions would be great!
someone has to have something
what about healthcare? that's a bit broad, you're talking everything from healthcare REITs to geriatric gynecology. more specificity, please. but I may be able to help, my dad is currently getting a PhD in healthcare finance
I'm going to second what @TheBrofessor said. You can't distill Health Care (arguably the most complicated and interconnected sector to break down into a "For Dummies" book) into just a quick overview. Give some guidance as to what you are looking for (from Medical Devices to REIT Structure to Admin Overview to Pharma etc. etc. etc.) and we can give you a little more guidance. Broad stroke questions like this are always hard to answer because explaining Medical Devices will always be different than explaining Biotech or Pharma and they don't necessarily have the same relationship to each other because of the vast space that is Health Care. So dial in your question and come back to us so we can better help.
maybe he doesn't know all of the main parts of healthcare. I'll attempt to do a short list but others please fill in the gaps:
hospitals: healthcare REITs other facilities: clinics, hospice, long term care facilities, etc, insurance: companies like UNH, AET retail: WAG, CVS, and to some extent TGT, WMT medical device: SYK, COV, etc. this can range from lab/hospital equipment to diagnostics, to prosthetics, etc. biopharma: specifically talking about molecule development, companies like BIIB, they develop molecules that hopefully become drugs big pharma: MRK, PFE, BDX, JNJ (I hesitate calling JNJ big pharma, they're like big pharma with a conglomerate twist) they own molecules (usually) and market/distribute the drugs contract research: Q, INC Research, PPD; these companies take the drugs through the various clinical trials until it is ready to go to market medical technology: Allscripts Obamacare: short the 10 year
one could argue that stuff like HFL and WTW should be in here, but I wouldn't consider those healthcare, more consumer discretionary, less affected by regulation, patient pools, and reimbursement laws that the above.
so big picture: a company like Biogen develops a molecule that cures feline herpes, AstraZeneca buys it, Quintiles tests it, Astra markets it, Walgreens sells it to you for your whore Maine coon, and UnitedHealth reimburses you assuming you paid your premium.
obviously oversimplified with some sarcasm in there, but I think that's pretty well rounded.
Well, I disagree with you on JNJ. JNJ is Big Pharma, Medical Devices, Medical Tech and Research rolled into one. They have that far reaching scope and power. Considering they own 142 Medical Device Subsidiaries on top of their Pharma divisions, I think JNJ fits into multiple roles. Likewise, I don't consider BDX to be big pharma as much as I would medical devices and disposables with a Pharma component.
That said, I think Medical Technology could be expanded a bit more into Medical Tech and Medical IT (Think HIPPA compliance, ERM systems, and the like), but you've covered the sector pretty well for an overview. I think it definitely shows how massive the healthcare world really is and how interconnected things are. Then again, you're also talking an industry that has had two major medical device mergers in 3 years (JNJ/Depuy Spine's acquisition of Synthese and Zimmer Holdings buyout of Biomet) and has MRK seeing significant potential with their new Anti-PD1 drug (so much potential that it's in breakthrough status and their Trial data is being submitted on a rolling basis as opposed to a post-Trial basis) that even when simplified, it still has hundreds of questions that can be asked about even the basic level of how things work.
found this after a cursory search of the interweb, not all healthcare but should be useful. if you feel so inclined to throw some SBs, please do.
HC: http://www.morganstanleyfa.com/public/projectfiles/e0abe784-5c8e-4678-a… also http://www.ncsl.org/documents/health/MrktStrOfHlthIns.pdf TMT: https://www.wellsfargoresearch.com/Public/TRACS/TRACS%2017%20Technology… Oil & Gas: http://www.irs.gov/pub/irs-mssp/oilgas.pdf also https://doc.research-and-analytics.csfb.com/docView?language=ENG&source… Biotech: http://stanford.edu/group/ssb/med275/handouts/Biotech%20Primer%20090220… and http://www.nber.org/papers/w10536.pdf?new_window=1 Islamic Finance: http://www.kantakji.com/media/6700/k203.pdf
+1
Deutsche Bank has a good pharma primer floating around.
Commenters are right....you definitely need to be more specific.
The fierce sites aren't great, but they're pretty focused. Fiercepharma Fiercebiotech Etc....
Best Books on Healthcare Topic? (Originally Posted: 12/01/2011)
For the healthcare pro's out there...
What were the most insightful / enjoyable / informative books on healthcare you've read? (in the context of investments of course)
Btw: Just finished Fisher Investment Series: Healthcare by Michael Kelley. It was a great primer on the topic, so don't include that if you are planning on suggesting it.
http://docs.house.gov/energycommerce/ppacacon.pdf
Dr. Seuss
Healthcare IB -> Medical Devices (Originally Posted: 01/26/2016)
Summer Analyst about to enter healthcare coverage. I'm extremely happy with my group placement and if I get a FT offer I'll take it in a heartbeat.
Questions:
1: I'm specifically interested in Medical Devices. Any news sources you'd recommend to become more familiar with the space? 2: Any industry primers you'd recommend?
bump
BUMPIN IT UP
There's industry research but unfortunately I dont think you'll have access to those / need to pay a couple of grand.
Best shot is probably to use thomson research (or any research subscription) your school has and search for primers there
http://www.ey.com/Publication/vwLUAssets/EY-medical-technology-report-2…
Edit: Looks like the link keeps breaking for some reason. Just Google "Medical technology report 2015 - Ernst & Young pdf"
I PMd you
Ut voluptates et at quo molestias autem pariatur voluptatibus. Tempore voluptate harum eligendi inventore officiis. Enim nobis alias enim ex repellendus dicta.
Et laudantium non aliquid deserunt. Non velit aperiam nostrum voluptas nesciunt. Assumenda doloribus quis expedita. A a error omnis ut voluptatem enim.
Incidunt doloribus iste mollitia dolorem vel voluptatem. Recusandae impedit pariatur consectetur. Quidem odit suscipit possimus magni neque excepturi laboriosam. Illo occaecati consectetur veniam temporibus quaerat.
Cupiditate et id dicta eaque. Alias dolor nihil provident eum quia nulla. Excepturi sunt quasi ea voluptatibus voluptatum deserunt sit. Corporis quis nemo totam. Tempora maxime ut labore voluptatem recusandae ducimus ad. Sed amet minima ducimus ab et. Expedita quia nemo eos numquam quo quisquam animi quis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Provident eius velit non officiis qui excepturi quod. Quasi dolorem nihil dolorem nihil consequatur impedit. Aliquid cumque doloribus sint et ea excepturi consequuntur. Et nihil repudiandae beatae dignissimos soluta. Commodi aperiam voluptatem labore aliquid.
Ratione voluptate id dolorem eos sunt ad rerum. Eum nihil sit culpa ut repellendus. Omnis libero doloribus maxime quo repellat nihil earum excepturi. Repellat sunt cupiditate praesentium quis. Sed inventore dolorem saepe sint et. Culpa ullam ratione ut dolor consequatur ut.
Et odio autem deserunt suscipit. Fugiat facilis dicta esse deserunt cumque. Suscipit dolores a odio in. Et iusto ipsa laborum nisi in distinctio. Molestias est quae minima et. Repudiandae nostrum quia sapiente sed nulla. Voluptatem ut rerum corporis est minus magni illo.