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How the Healthcare Industry Can Effectively Respond to the One Big Beautiful Bill Act
1Jon Burroughs, JD, MD, FACHE,is president and CEO at The Burroughs Healthcare Consulting Network, Inc. in Glen, New Hampshire .
Abstract:
The One Big Beautiful Bill Act (OBBBA) contains $1.3 trillion cuts in funding to federal healthcare programs-including $1 trillion cuts to Medicaid and $300 billion cuts to the Supplemental Nutrition Assistance Program (SNAP)-mandating a significant response from the US healthcare system. Important responses to this sweeping legislation include an update of strategic and capital planning, optimization of revenue cycle management, labor and the supply chain, and development of new sources of nonoperating revenue to support the organization's mission. The OBBBA represents a movement toward a market-based healthcare system in which healthcare organizations must become less dependent on third-party reimbursement and more reliant on disposable spending, nonoperating revenue, and market-based demand.
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