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Thought Leaders: H2C COVID POV Series Overview • Redefining Normal – Exploring the Short-Term and Lasting Impact of COVID-19 on Health Care

H2C PERSPECTIVES

H2C COVID POV Series • Overview

Redefining Normal: Exploring the Short-Term and Lasting Impact of COVID-19 on Health Care

August 20, 2020

Foreword

We believe that 2020 will be regarded by historians as the most disruptive year for health care in recorded history. The speed with which the novel coronavirus was transmitted around the world is unprecedented, and the global response is breathtaking. Unlike prior pandemics, such as the one in 1918 or even the Bubonic Plague, the sheer number of people in the world today and our incredible interconnectivity—both physically as well as virtually—has ensured a shared international experience around contracting and combating a virus that knows no boundaries. The power of the global human reaction to this threat cannot yet be understood, and the resulting changes in the way we work, socialize, educate, and travel are all in play.

At H2C, we are intensely focused on what is happening in the single industry in which we have dedicated our professional careers for many years. Irrespective of our deep expertise and broad experience, we will be tested in the months ahead as we strive to divine the future so we may assist our clients in reshaping the strategies that will enable their success as that future unfolds. The intellectual challenges ahead will tax our understanding of the complex ecosystem that is today’s healthcare system.

This paper is intended to set the stage for a series of papers that will follow and identify, assess and address discrete elements of the industry, how these areas have been impacted, and what changes we might expect to see going forward. We look forward to hearing your thoughts and insights as we explore what the future may hold.

Since the coronavirus outbreak emerged in the United States earlier this year, much of what has occurred in health care to date has been in direct response to the immediate demands of the crisis environment. These actions range from the initial scramble for medical supplies and efforts to diagnose and treat patients to the explosion in demand for telehealth services to help limit the spread of disease and the global race to discover effective therapies and vaccines. Now, as consumers, providers, payers, and employers deal with the financial aftershocks of the pandemic, healthcare leaders must consider: What trends did COVID-19 accelerate—and what will health care look like after the immediate crisis is over?

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ABOUT HAMMOND HANLON CAMP LLC

Hammond Hanlon Camp LLC (“H2C”) is an independent strategic advisory and investment banking firm committed to providing superior advice as a trusted advisor to healthcare organizations throughout the United States. H2C’s professionals have a long track record of success in healthcare mergers and acquisitions, capital markets, real estate, and restructuring transactions, acting as lead advisor on hundreds of transactions representing billions of dollars in value.

Hammond Hanlon Camp LLC conducts securities-related engagements through its wholly-owned subsidiary, H2C Securities Inc., member FINRA/SIPC. For more information, visit h2c.com.

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