Five physicians joined Becker's to give their biggest investment tips for 2023.
Question: What are your key investment tips for 2023?
Editor's note: These responses were edited lightly for clarity and brevity.
Tirun Gopal, MD. OB-GYN in San Francisco:
1. Any organization which moves healthcare to the home (RomTech, for example).
2. Organizations which are promoting primary care (Amazon).
3. Artificial intelligence (cautiously, for obvious reasons).
4. Organizations which are increasingly promoting value for care instead of volume of care.
5. IT in healthcare.
Harry Severance, MD. Adjunct Assistant Professor at Duke University School of Medicine (Durham, N.C.): A.I.-assisted or -enabled medical technology.
Matthew Smith, MD. Director of Neurocritical Care at West Virginia University (Morgantown): Philosophically, the best return on investment is to increase skills. The world of medicine is significantly changing at a very rapid pace with things like increases in computing power and AI, as well as how medicine is practiced. Many people unwilling to focus on improving and updating their skills will be left behind like the carriage drivers when cars became popular.
Helga Komen, MD. Assistant Professor of Anesthesiology at Washington University (St. Louis): Sustainability-related companies and AI-related companies.
Michael Davis, MD. Professor and Chief of the Division of Urology at University of New Mexico (Albuquerque): My key investment tips would be all of the companies contributing to AI like Microsoft, Google, Amazon, Apple and Meta. They also have the cloud, which is huge. So, I still think as AI gets better, these companies, especially Microsoft, that has invested billions in Open AI will be a good investment.