The Impact of Coronavirus on the Healthcare Provider Sector

Over the past decade, healthcare industries received remarkable growth as the result of constant advancement in technology and the population’s biological process. As the coronavirus or COVID-19 spread from nation to nation, the United States is facing challenges with supplies and equipment shortages and other issues, including a desperate demand for healthcare providers. The pandemic is taking a toll on American families, doctors, nurses, hospitals, clinics, and the economy. In the midst of the health crisis, the stock market received a hit with shares of stock for various companies declining enormously. The healthcare industry needs the support of existing and new investors today than ever before to expand hospitals and other healthcare facilities.

New investors have the opportunity to explore stock in the healthcare provider sector of the industry, including hospital ETF. The country is experiencing the need for hospitals and healthcare professionals during this time of health crisis to help on the frontline of COVID-19. The present work of healthcare providers is essential and an extraordinary need for people today. Hospitals are a small segment of the overall health industry, based on a MarketBeat report.

The Three Top Global Hospital Stocks

Experienced and new investors can select hospital stocks in the United States and Germany. Two of the best stocks in America are HCA Healthcare and Universal Health Services. A promising German stock is Fresenius Medical Care. These stocks were performing well in November 2019. The economy needs all investors to invest in the healthcare provider sector today and the future now that we know the value of hospitals and medical professionals.

What is a Hospital ETF?

A hospital ETF comprises multiple securities that allow you to invest in the top stocks in the healthcare provider sector. Investors do not have to make tough decisions about which securities to purchase. An ETF focused on healthcare providers including hospitals is the iShares US Healthcare Providers.

The coronavirus is contributing to a huge demand for healthcare providers and professionals, including physicians, nurses, hospitals, medical care facilities, and technicians. Many members of the healthcare provider sector are working tirelessly in New York, Louisiana, Washington, and other states to control the spread and treat patients. They receive little rest and subject themselves to the exposure of contracting the harmful virus. Medical professionals are working double shifts during these times, especially nurses and doctors. It is causing an extreme amount of stress that can cause health and mental issues.

Before the coronavirus pandemic, Ritareviews.net released an article about nurses working overnight in 2018. It discussed that the sleep pattern of working during the nighttime impacts nurses because they tend to experience more illnesses with a lower life expectancy compared to other people. The best advice for all medical professionals working long shifts and countless hours at hospitals and clinics are as follows:

• Drink plenty of water during your shift to stay hydrated. Hydration is important to keep you awake and alert. It is vital for your health and those patients you are caring for. Incorporate herbal tea as a beverage and carry a bottle of water with you often.
• Modify your bedroom by placing dark-colored curtains over the windows to block the sunlight from entering the room. It may be helpful to have wooden blinds to help with blocking the sun while you are resting.

Essential Strategies for Self Care in the Medical Profession

Every physician, nurse, and medical aid who treat patients tested positive for COVID-19 are risking their lives while trying to save the lives of others. Not only is the virus affecting the healthcare industry and causing stress, but it is also nerve-racking on families, workers, and other industries. The American Psychological Association provided strategies to help manage stress during these stressful times in March 2020.

For self-care physically and mentally, manage stressful moments by sharing them with family members, colleagues, medical team members, and friends. Having someone to share those moments is great in relieving stress and coping with the coronavirus. Each human being needs to sleep, exercise, and eat healthy meals. Doctors and nurses must be fit and alert to care for their patients and protect themselves. Today, healthcare providers are in the highest demand and a vital part of the lives of Americans.