Political and regulatory debates surrounding healthcare and in particular, the repeal and replace of the Affordable Care Act (ACA) are constantly evolving. In light of the government's ever-increasing role as both regulator and payer, investors who follow DC will also be most adept at following healthcare. Key decisions are regularly made by legislators and regulators on issues such as Medicare payment reform, mental health access and Medicaid program coverage. Capstone's access to the policy world allows it to provide an array of insights, from a micro study of resistant and seclusion training requirements in medical facilities to a macro view of large provider payer mix trends, effectively translating regulatory directives into practical intelligence for clients.


Our process is designed to uncover policy-driven investment ideas as well as advise private equity firms on the impact of regulation on potential and existing investments in the healthcare sector. Our analysts are skilled in providing ongoing coverage of managed care organizations and behavioral health providers for our public markets clients. Our deep healthcare sector expertise positions us to access the impact of regulations on healthcare companies and securities. In addition, we also work with private equity clients on a transactional basis, providing deep-dive regulatory due diligence for potential investments. Private equity investors rely on Capstone's expertise to gain insights on the regulatory risks and opportunities associated with a potential investment.


Capstone's policy analysis covers the full spectrum of health care services. Additionally, Capstone has built strong relationships with major industry associations as well as health-focused Congressional staff and influential policy experts to bring together both the details and the big picture integral to an investment evaluation.


Selected Issues:

  • Managed Care - Employee benefit brokers, employer-sponsored insurance, Employee Retirement Income Security AcT (ERISA), Medicare Advantage, Medicaid and the Affordable Care Act
  • Healthcare Staff Training - Non-violent crisis intervention training for schools and hospitals
  • Pharmaceutical Supply Chain - Clinical research organizations, medical communication agencies, pharmaceutical manufacturers, pharmacy benefit managers and specialty pharmacies
  • Health IT - Electronic health records and telehealth
  • Long-term Care - Skilled nursing facilities, home health, inpatient rehabilitation facilities and long-term care hospitals
  • Providers - Hospitals, behavioral health facilities, renal care, urgent care and ambulatory surgical centers
  • Healthcare Financial Services - Health saving accounts and self-pay financing