As COVID vaccinations and business re-openings promise a return to a more stable operating environment, now is the time for hospital and health system boards and senior leaders to assess what local market changes they anticipate will result from the pandemic and identify the gaps these changes may open within the current strategic and financial plan. But now is also the time for leaders to go one step further, and begin planning for scenarios that are foreseeable, even if their impacts have not yet been felt. If the pandemic has taught us anything, it is that organizations must build resiliency to withstand the shocks that may come their way and be in a position to pursue the opportunities that rapid and significant change can create.
This article was published in the May 2021 issue of System Focus, A Monthly Governance Institute Newsletter
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