When the COVID-19 pandemic first hit last March, the Centers for Medicare & Medicaid Services (CMS) restricted tons of elective and nonessential procedures in all hospitals.
It was obviously done to save essential resources to treat COVID-19 patients, which has been the top priority over the past 12 months.
But with the world opening back up, and non-emergency hospital admissions declining, hospitals are gearing up to begin elective procedures yet again.
(Which in this day and age, makes up a huge portion of potential revenue.)
Numerous people who have been waiting for the past year to schedule elective surgeries will finally have the opportunity to do so. And this will only increase demand and ultimately profits for medical centers in the U.S. and around the globe.
As we head further into 2021, things like COVID-19 vaccines and better treatments will only reduce the emergency requirements put into place last year.
But you’re probably wondering, “What does all of that mean?”
Hospitals are starting to operate like they normally do, and that’s why WealthPress Senior Strategist Roger Scott wants to give you two healthcare stocks to watch in 2021.
2 Healthcare Stocks To Watch in 2021
The first healthcare stock to watch in 2021 is HCA Healthcare.
HCA Healthcare Inc. (NYSE: HCA) is a non-government hospital that provides healthcare-related services and operates a network of acute hospitals (or inpatient medical care), outpatient facilities and clinics.
The company also owns and manages free-standing surgery, diagnostic and imaging centers.
(See where we’re going with this…? And there’s a lot of money to be made in radiation and imaging centers by the way.)
HCA’s earnings per share, or net profit divided by the number of outstanding shares it has, is up 115% from the previous year. Despite the removal of elective procedures, the company’s stock is still up nearly 20% over the past 12 months.
The price of this healthcare stock to watch in 2021 is even expected to trade around the $200 level (it was trading at about $174 a share when he filmed this video) if the sector continues to see increased momentum.
But HCA Healthcare isn’t the only stock on our radar right now…
Check out Roger’s video to reveal the second healthcare stock to watch in 2021 and be sure to leave your thoughts in the comment section below.
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