The new insurance exchanges at the heart of President Barack Obama's health-care reform law launched on Tuesday and while it's probably too late to buy insurer and hospital stocks, Bespoke Investment Group co-founder Paul Hickey said there are less obvious ways to play the implementation of Obamacare.
Take the health-care technology sector, for example. Per Obamacare, some health-care companies are required to eventually make all records available electronically, so Hickey thinks this sector will benefit.
(Read more: How Obamacare attempts to slash health-care costs)
When it comes to electronics records, Hickey told "Street Signs" he currently likes Omnicell's stock, in particular. The company provides automated solutions for medication management, hospital supply management and business analytics solutions.
Elsewhere in the health-care technology space, Hickey said he also likes dividend-paying stocks Computer Programs and Systems and Quality Systems, but only second to Omnicell.
(Read more: 8 must-know Obamacare facts)
—By CNBC's Drew Sandholm. Follow him on Twitter @DrewSandholm