Multinational pharmaceutical companies, fast-growing life science startups, diversified provider systems and other entities involved in the manufacture, delivery and practice of medicine employ hundreds of thousands of New Jerseyans and generate billions of dollars in revenue every year. Obviously, the health care industry plays an indispensable role in the state’s economy.
That fact alone would place the sector’s leaders high on the list of important economic actors. But the industry is also changing, increasingly dominated by large insurers, drug makers and hospital networks. At the same time, the shifting landscape of national health care reform presents new challenges, seemingly every week. And the economic incentive programs that can help nurture startups and lure new businesses face uncertainty amid political maneuvering in Trenton.
With that backdrop, we present the 2019 Health Care Power 50 – the leaders who will be responsible for maintaining the industry’s prominence and improving its financial performance. We also take a look at some of the forces reshaping the sector.
So after reading through the profiles, check out Health Care Reporter Anthony Vecchione’s examination of the dynamics driving hospital consolidation in New Jersey. And then go to Statehouse Reporter Daniel J. Munoz’s account of the brewing civil war over tax breaks. The two pieces describe, in vivid terms, the magnitude of the job facing our top 50 health care executives, officials and practitioners.
We suspect that the men and women on the list will also take a peek at this issue – and perhaps bask momentarily in the public recognition of their achievements. Then they’ll get back to work. Because that’s how they got here.