The New Year’s resolution for every executive should be to help their organizations become “superballs.” Superballs, a toy from my youth, are an amazing feat of science. Due to their “uber elastic” synthetic rubber, superballs immediately recover their original shape after impact while simultaneously reversing their spin. No matter how hard you slam a superball…

In last month’s management newsletter, I described the 12 key domains of organizational resilience in the OPEN MINDS Pathway to Sustainability (see The OPEN MINDS Framework For Financial Sustainability—Building The Organizational Resilience To Navigate Change). This framework is a model that executive teams can use to assess and build the key competencies necessary for long-term success—the structure, the capital, and…

Specialty provider organizations start the new year with a few tasks on the to-do list: tackling margin compression, increased competition, and the evolving expectations of payers and consumers, all while crafting a financially sustainable vision for the future. That includes developing next-generation services that address the demands for hybrid and whole-person, growing cash reserves to…

An employer of choice is a company people really want to work for. An employer of choice is always the top choice for employment among talented individuals in a particular industry because of its status and reputation. It is known for its high-quality work products, high-profile management staff, and high employee satisfaction. To become an…

Achieving financial sustainability means creating a performance framework full of possible solutions to the market problems an organization faces. Central to that framework is revenue diversification, which allows health care organizations to grow their core business while securing future survival against environmental pressures. It is possibly the key tool in preparing for and managing the…