Healthcare staffing shortages ‘rising concern’ for medtechs: Moody’s

Dive Temporary:

  • Moody’s Buyers Company has identified as out health care staffing shortages and supply chain disruptions as two things that could carry on to have an affect on professional medical system firms into 2022. Whilst shortages of factors and elevated delivery expenses are anticipated to be “manageable,” clinic potential constraints could impression treatment-dependent medtechs, in accordance to the Jan. 31 quarterly report.
  • Need for COVID-19 tests has remained elevated for for a longer period than envisioned, but it is not anticipated to proceed at current degrees. Nevertheless, Moody’s expects that swift at-house tests could give ongoing income for some diagnostics businesses, even if at reduced ranges in the upcoming.
  • Medtech firms are anticipating another active year for mergers and acquisitions, although Moody’s is forecasting less “mega offers.” In their most current earnings phone calls, Johnson & Johnson and Becton Dickinson referred to scaled-down tuck-in bargains when chatting about future acquisitions.

Dive Perception:

Clinic staffing shortages were being leading-of-mind for medtech corporations heading into 2022. All through the top of the surge in January, almost a quarter of U.S. hospitals noted crucial staffing shortages, in accordance to HHS data. 

The staffing troubles are envisioned to linger, in accordance to Moody’s newest quarterly report. This could specially have an impact on unit makers in the orthopaedics sector, these types of as Stryker and Zimmer Biomet. The two organizations stated in modern earnings calls that staffing shortages contributed to lessen method volumes, as both medical center workers were uncovered to COVID-19 or sufferers on their own ended up sick. Even so, desire for surgical robots remained strong. 

As the present-day surge of omicron cases subsides, and vaccination endeavours keep on, Moody’s expects to see revenues extend because of to pent-up need for deferred procedures. Even so, if the present variant or a new variant remains prevalent, that could change.

When the most up-to-date COVID-19 wave has strike course of action-reliant medtechs, diagnostics providers saw an unforeseen surge in need. It’s anyone’s guess as to irrespective of whether that will continue. While testing need is not envisioned to stay at existing concentrations, Moody’s pointed out that at-residence testing could proceed to provide ongoing earnings for some firms.

“As the use of immediate at-house diagnostic checks gains acceptance, we consider these kinds of exams, whether or not for the coronavirus or other types of conditions, like the flu, will likely grow to be

Read More.. Read More

Pandemic-fueled shortages of property health and fitness aides strand people with out care

Many trends are fueling the shortages: Hospitals and other businesses are choosing absent home overall health personnel with much better shell out and benefits. Lots of aides have fallen ill or been uncovered to Covid-19 throughout the current surge of omicron conditions and will have to quarantine for a time. And staffers are burned out right after functioning through the pandemic in complicated, stress-provoking circumstances.

The implications for more mature older people are dire. Some seniors who are completely ready for discharge are waiting around in hospitals or rehabilitation facilities for various days just before house care products and services can be arranged. Some are returning house with significantly less help than would be exceptional. Some are suffering from cutbacks in expert services. And some simply can’t uncover treatment.

Janine Hunt-Jackson, 68, of Lockport, New York, falls into this final classification. She has article-polio syndrome, which causes critical fatigue, muscle mass weak point and, frequently, cognitive difficulties. Via New York’s Medicaid application, she’s licensed to obtain 35 several hours of treatment each individual week. But when an aide still left in June, Hunt-Jackson contacted businesses, questioned buddies for referrals, and posted task notices on social media, with minimal reaction.

“A couple of individuals confirmed up and then disappeared. One particular guy was additional than keen to function, but he failed to have transportation. I couldn’t uncover any person trustworthy,” she claimed. Determined, Hunt-Jackson organized for her 24-calendar year-aged grandson, who has autism and oppositional defiant disorder, to shift into her double-wide trailer and serve as her caregiver.

“It truly is frightening. I am not prepared to be in a nursing household, but without having dwelling treatment you will find no other choices,” she mentioned.

Mainly because thorough info isn’t offered, the scope and impression of existing shortages can not be documented with precision. But anecdotal reviews recommend the problem is intense.

“Everyone is suffering from shortages, especially all over nursing and property wellbeing aides, and reporting that they’re not able to confess individuals,” said William Dombi, president of the Countrywide Affiliation for Household Care & Hospice. Some organizations are rejecting as numerous as 40% of new referrals, in accordance to studies he is been given.

“We’re viewing expanding demand on adult protecting expert services as a result of people today with dementia not getting in a position to get products and services,” claimed Ken Albert, president of Androscoggin House
Read More.. Read More

Airlines cancel Xmas flights due to COVID staffing shortages | Health and Fitness

Read More.. Read More

Health care plagued by new supply chain shortages

From medications to gloves to crutches, the strains of the global supply chain are hitting U.S. health care hard.

Why it matters: Shortages of health care supplies can quickly jump from a nuisance to a life-or-death proposition. They indicate serious vulnerabilities in the U.S. health care supply chain.

State of play: After seeing major supply shortages for protective equipment and ventilators in the early months of the pandemic, critical supplies stabilized and, in some places, demand for domestic products later bottomed out.

  • Now global supply chain tie-ups are rippling across the industry again, leading to extended wait times for commonly used supplies and equipment.

What they’re saying: “We’re experiencing a vast array of global challenges that, layered together, create bottlenecks in a system not designed for such demands,” according to an October report from medical supply giant Premier.

  • Premier projects the problems for health care to last well into 2022.

Details: Some hospitals around the U.S. recently began seeking donations of aluminum crutches, walkers and wheelchairs.

  • The FDA is investigating allegations that used medical gloves were washed and resold as new gloves.
  • Blood tubes and Foley catheters are also among some of the products in short supply at the University of Alabama at Birmingham, ABC 33/40 reported.
  • There are shortages of raw materials for manufacturing, including semiconductors, or chips commonly used in electronics, and plastic resins that can be used to make everything from car parts to heart valves.
  • The chip shortage hit ResMed, a company that creates ventilators, sleep apnea machines, and other respiratory equipment, San Diego Union-Tribune reported last week.

What they’re saying: “I am definitely working with some of the biggest names out there and really asking, begging, pleading that we should prioritize medical devices over another cellphone, another electric car, another cloud-connected refrigerator,” ResMed CEO Mick Farrell told the Union-Tribune.

Drug shortages at retail pharmacies and hospitals are also a concern.

  • Hundreds of drugs are in shortage at hospital pharmacies, including the anti-inflammatory drug tocilizumab, which is given to both cancer and COVID-19 patients, CBS News reported.
  • A pharmacy in Michigan said inhalers are one of the most difficult items to get, ABC 12 News reported. A South Carolina pharmacy said there are a few blood pressure medications they can’t get in stock, News 19 reported.
  • And a Nashville pharmacy said they were even having trouble getting prescription vials to
Read More.. Read More