As Donald Trump begins his term as the 45th President of the United States, the healthcare industry is preparing for change once again – without knowing exactly what change is coming. The Republican-controlled House and Senate have taken the first steps to use the Budget Reconciliation Process to dismantle the Patient Protection and Affordable Care Act (ACA) which provides some indication as to which provisions may be impacted, yet without specificity or consensus.
In the midst of this uncertainty, there are clear steps providers can take today to prepare for the shifts on the horizon. Assessing the implications of possible policy, economic and other market factors on the organization’s overall strategic and economic position, and aligning leadership around this perspective – inclusive of executive teams and boards – is critical. Establishing a shared understanding of the dynamics to watch, the most likely scenarios and potential impacts will help anchor conversations and decisions in the coming year as many organizations re-evaluate – and in some cases, redirect – their strategic priorities.