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Northeast hospital margins are recovering, report finds

Northeast hospital margins are recovering, report finds
Plus:
Midtown investment firm launches first U.S. psychedelics and marijuana fund
Long Island medical distributor gets $53.4M federal PPE contract
Print
Hospitals nationwide showed a modest but solid uptick in operating margins in April, according to the latest report from hospital and higher education consultancy firm Kaufman Hall. Although March was when hospitals first achieved positive margins even without federal assistance, April s data affirmed an upward trend.
The Chicago-based firm last week released its National Hospital Flash Report Summary: May 2021, a report on hospital performance across the country. It reviewed April s financial data for over 900 hospitals nationwide, including margins, patient volume, revenue, expenses and other nonoperating data. ....

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Canada Post delivery fleet gets psychedelic makeover

Lewis told
CBC that he hopes the art will bring some joy to those who see it.
“I made this fun, kind of psychedelic image because I wanted something really positive and happy, and this is a weird, gloomy and kind of oppressive time,” he said.
There are about 40 of the colourful delivery trucks dispersed around the country.
The designs also align with the growing popularity around psychedelic medicines and therapies. Canada, once a world leader in psychedelic research, is once again bringing the potential of psychedelic therapies to the fore.
Last month, the Toronto-based Horizons ETFs Management Inc. launched the first-ever psychedelics exchange-traded fund (ETF), focused on the growing number of companies working in the sector. ....

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Thematic ETFs challenge naysayers | Investment Executive

A January research paper from Ohio State University slammed specialty ETFs for poor risk-adjusted returns, high fees and lack of diversification, concluding that such funds “deliver a negative alpha of about –4%” annually.
“[T]hese [specialty] products compete for the attention of unsophisticated investors who chase past performance and neglect the risks arising from … under-diversified portfolios,” the paper states. “Specialized ETFs, on average, have generated disappointing performance for their investors.”
But Canadian ETF providers take issue with that notion, contending that ETFs with innovation themes are sustainable and that thematic funds can be beneficial when used appropriately. The returns of Canada’s top-performing thematic ETFs add credibility to that argument. ....

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