US President Donald Trump pumps his fist after addressing the crowd during his swearing-in ceremony on January 20, 2017.
Politics impacts nearly every area of life. But is the current political landscape affecting health IT? Or does it not have a big influence?
Healthcare Growth Partners, a Houston, Texas-based investment bank focused on health IT and digital health, decided to investigate.
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In 2017, it surveyed 500 companies across the health IT realm. Of the surveyed organizations, HGP gathered responses from 85 companies. Respondents were from health IT companies as well as biopharma companies, health insurers, healthcare services organizations and others. M&A professionals, C-level executives and private equity professionals were asked a total of 13 questions.
Before releasing the full results later this month, HGP unveiled two queries and answers from the survey.
The first asked participants: What is the regulatory impact of the Trump administration on your company?
Twenty-one percent of respondents said it has had a negative impact, and 7 percent said it’s had a positive impact. Seventy-two percent said the Trump administration has had no effect on their company.
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The second question noted the acquisitions and investments happening in the health IT sector and asked respondents: Do you think health IT is in a “bubble”?
Thirty-six percent said yes, as they believe the reality won’t live up to the hype and investors and acquirers will become burned out. Another 18 percent said no, noting that the market going through a growth period that supports acquisition and investment opportunities. The remaining 46 percent were unsure. Their response was that it’s hard to tell because investment is high but market fundamentals are strong.
HGP asked the same question in its 2015 survey.
The number of maybes stayed about the same (46 percent in 2017 and 40 percent in 2015). More respondents answered yes in 2017 (36 percent) compared to 2015 (29 percent). And the most drastic change came from those who said no. In 2015, 31 percent of respondents said they didn’t think health IT was in a bubble. But that number changed to 18 percent in 2017.
Photo: MANDEL NGAN/AFP/Getty Images
