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I recently attended a small gathering of analysts for a presentation by McKesson's CFO, Jeff Campbell. A few key takeaways: 1) Healthcare is the slowest industry to adopt new technology. The company that can facilitate this rate of adoption will be the biggest winner. It is less about the technology itself and more about making the process easier to adopt. 2) Total healthcare spending in the US is currently 14% of GDP. That number is expected to reach +19% in 2013. WOW! 3) The golden egg is DATA, when, how and what we do with it will depend on HIPAA and our attitudes toward privacy. However, Google is encouraging users to manage and track all financial data on-line and eventually, someone will be the largest owner of third party data for personal medical records. 4) Auction rate securities - these are not a big issue for those companies that have volatile cash requirements and therefore did not invest in them, but the best course of action from a treasury management point of view, is to move them to long term and wait out the auction process. - I am not sure this will work for companies that have a significant amount of ARS on the balance sheet.

Category(s): Random Thoughts
Posted by Tom Miller at 08:49 PM | Permalink | Comments (0) | TrackBacks (0)