In the 15 months since its enactment, the Patient Protection and Affordable Care Act has changed countless rules, regulations and policies within the healthcare industry. These matters are discussed every day, whether in board rooms, the pages of business publications or on the evening news. One component, however, is also undergoing a transformation but not receiving as much attention: how hospital CEOs should lead in this new environment.
“This is a demanding but exciting opportunity for leaders,” says Eugenie Dieck, a partner with Delta, the organizational transformation and leadership unit within consulting firm Oliver Wyman. “We’ll see the market change, because some leaders are really going to step to the front. This is an opportunity for those who really wish to lead to do so,” says Ms. Dieck. Here, Ms. Dieck explains four challenges that hospital CEOs must address as PPACA takes effect.