How CFO Rick Hinds Sees Market Disruptors

Disruptors are more than the market failings of retail giants. On this episode of the HealthLeaders podcast, Finance Editor Marie DeFreitas is joined by Rick Hinds, Senior Vice President and Chief Financial Officer at UC Health and a HealthLeaders Exchange member to discuss market disruptors. 

Disruptors like Amazon and Walmart threw a wrench into the healthcare market as the industry watched retail giants attempt to take on primary care. But when these endeavors shut down almost as quickly as they opened, healthcare executives didn’t seem to be overly concerned about these types of disruptors. 

With UC Health being an academic medical center, Hinds says he hasn’t seen many market disruptors that directly compete with his organization. But a more concerning type of market disruption is consolidation, he says. 

“I do think that the healthcare systems will see more and more consolidation, and I don't know if this is a 5 year trend, or 10 or 15 year trend,” said Hinds. 

Consolidation amongst care providers that align with the biggest national insurers is a market disruption that may take some time to play out, but it’s something the industry should be prepared for. 

On top of this, private equity has played out in some markets as a bigger disruptor, particularly by buying large medical groups in specialty areas like orthopedics and urology. While this cooled off since the COVID-19 pandemic, private equity may still be impacting specialty physician recruiting and retention. 

Listen to this episode of the HealthLeaders podcast for the full scoop on disruptors. 

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