Health Care Facilities & Managed Care: 10 things we learned at 2026 Health Care Conference in Vegas

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Health Care Facilities & Managed Care: 10 things we learned at 2026 Health Care Conference in Vegas

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Health Care Facilities & Managed Care

10 things we learned at 2026 Health Care

Conference in Vegas

Industry Overview

MCO/provider comments conflict making Q2 important 15 May 2026

2026 BofA Health Care conference key takes: 1) Early data on April says MCO trend is Equity

under control, but prudent to wait for Q2 clarity. 2) Some optimism that MA rate cuts United States

are nearing the end. 3) PBM models are changing, but target margins aren’t. 4) Medicaid HC Facilities and Managed Care

margins are set to improve in 2027/28. 5) Value Based Care still has value, when it’s Kevin Fischbeck, CFA

based in care. 6) Hospitals optimistic that utilization will return to target after Q1 Research Analyst

disruption. 7) Oncology pharmacy is the fastest growing biz with high visibility (new BofAS+1 646 855 5948

drugs). 8) Post-acute settings, Rehab and Senior housing stand out given robust demand. kevin.fischbeck@bofa.com

9) Occupational medicine is the least exposed to government reimbursement. 10) The Joanna Gajuk

Research Analyst

Las Vegas market is starting to firm after a weaker 2025, with economic data ramping BofAS

through Q1. Companies with the best tone: UNH, BTSG, EHC. +1 646 855 3961

joanna.gajuk@bofa.com

MCO trend appears well controlled, pricing rational CraigResearchJonesAnalyst

MCOs indicated that early data points around trend remain well controlled, even with BofAS

+1 646 743 2020

more data on April utilization. This appears to be true for all payer groups, but craig.jones3@bofa.com

particularly true on the government businesses. Despite the positive datapoints, Joaquin Arriagada Martinez