Hospital revenue has grown by nearly 8% year-to-date in 2024. While hospital and medical costs are aiming to moderate, what does this entail for healthcare stocks and the sector at large? TD Cowen Senior Equity Research Analyst Gary Taylor joins Yahoo Finance Live to discuss the firm's top healthcare names. "We came into the year saying we want to own the providers over the health insurers for the first half of the year, and anticipating by the time we pivoted to the back half, we'd be in a position to recommend payers over providers," Taylor explains. "We're currently in the first half of the year, obviously. We're still in the provider trade. Our favorite names are HCA [Healthcare] (HCA) — largest hospital company in the US — Acadia [Pharmaceuticals] (ACAD), which is one of the largest free-standing behavioral providers, and then also Surgery Partners (SGRY), which is an ambulatory surgery center company." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Humana (HUM) partners with Veda to enhance the quality of provider directories.
LOUISVILLE, Ky. & MADISON, Wis., February 26, 2024--Leading health and well-being company Humana Inc. (NYSE: HUM) today announced a strategic partnership with Veda, a health technology company specializing in helping healthcare companies solve complex provider data challenges. Humana will partner with Veda to improve the accuracy of its provider information and ensure that seniors have real-time details about in-network providers, making it easier for them to access high-quality healthcare.