As we sit on the day after the election of Donald Trump as President of the United States, we thought it might be worthy of thinking about the impact the election of Donald Trump could have on healthcare IT jobs. I’ll admit that this is a complex question with quite a few unknowns, but here we go.
First, I’ve heard many argue that Trump’s win spells the doom for MACRA. I personally think that this couldn’t be further from the truth as I outlined in my post about the impact of the 2016 Election on Healthcare IT. I just don’t see any way that Trump will get rid of MACRA and it’s previous HITECH Act. As I mention in the post, Obamacare (ACA) is another story.
With that in mind, there are going to be plenty of healthcare IT jobs focused on using healthcare IT to participate in MACRA and other government health IT programs. That’s happening today and I don’t see it changing. The same is true for ACOs and other advanced APM related jobs. I can’t imagine Trump ever deciding to change the trajectory of healthcare to not include the shift to value based reimbursement. If anything, I could see him doubling down on it. I think those jobs will still be in high demand including important jobs like healthcare analytics jobs and health data analysts.
The harder thing to predict is what’s going to happen with the economy. We all know the hit that healthcare IT jobs took during the big economic downturn. Most companies stopped hiring healthcare IT professionals and just made do with what they had. Healthcare IT and EHR consulting companies really faced a major challenge to even survive. It’s interesting that all this consulting money dries up when the economy is bad and returns when the economy is doing better.
I won’t predict what will happen to the economy under a Trump Presidency, but the big stock market drop when it seemed he would win should make us all keep a close eye on the economy. Yes, even though it seems to have not totally melted down and has actually rallied again today. That health IT consulting job may not be quite as interesting as a full time job at a healthcare organization if the economy does go downhill.
The reality is that healthcare isn’t going anywhere and using technology in healthcare isn’t going anywhere either.
What’s your take on the future of healthcare IT jobs under a Trump Presidency?