Deutsche Bank On Health Care Facilities

Deutsche Bank has published a research report on Health Care Facilities in the U.S. and summarizes October results.

In the report, Deutsche Bank writes "October's Volume Tracker continues the weak trends witnessed throughout 2010, with inpatient discharges -2.6% Y/Y, outpatient visits -2.8% Y/Y, inpatient surgeries -4.9% Y/Y and hospital-based outpatient surgeries -3.4% Y/Y. Against a tough H1N1 comp, ED visits were -9.1% Y/Y (vs. +17.1% in October 2009). Births continued to trend down (-2.4% Y/Y), while observation visits continue to be up double-digits (+17.4% Y/Y); both of these volume indicators (births and observations) are having a real influence on reported volume trends. With regard to mix, MCO inpatient volumes continued to be weak (-5.9% Y/Y) in October, while Medicare inpatient volumes were relatively flat (+0.4% Y/Y), Medicaid was below-trend at -1.4% Y/Y and self-pay uninsured discharges declined (-7.3% Y/Y). See data tables in the attached note for additional details and trend data."

Companies related to this report include:

Alliance HealthCare (NYSE: AIQ),$4.04 Hold
Community Health Systems (NYSE: CYH),$32.62 Buy
Emergency Medical Svcs. (NYSE: EMS),$49.46 Buy
Health Mgmt Assocs. (NYSE: HMA),$8.67 Buy
IPC The Hospitalist Co. (NASDAQ: IPCM),$32.63 Hold
LifePoint Hospitals (NASDAQ: LPNT),$35.96 Buy
Mednax Inc. (NYSE: MD),$60.82 Buy
Tenet Healthcare (NYSE: THC),$4.37 Buy
Team Health (NYSE: TMH),$14.92 Hold
Universal Health Services (NYSE: UHS),$40.11 Buy