
OPEN MINDS Management Newsletter
Learn about new business models and the latest management best practices in our monthly, how-to guides on trending issues. Knowing the market—and knowing how to manage your way to success in that market—are two different issues. For thirty years, we have shared our field-tested models developed by our senior advisors and case studies that illustrate the challenges and tips for success.
May 2022 Issue
Planning Growth With Service Line Portfolio Analysis:
The OPEN MINDS Management Newsletter, May 2022
What To Grow? How To Grow?
There is certainly no end of demand for health and human services right now. Given this situation, you would think that health care provider organizations would be in great strategic and financial position. But that is not the case. In this issue of the OPEN MINDS Management Newsletter, we present a thorough “how to” guide for conducting a market-focused service line portfolio analysis to help executive teams make tough decisions about the service lines that have the greatest sustainability for their organizations.
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Service Line Portfolio Analysis – The Process & Use In Strategy
Service line portfolio analysis—and good market intelligence—aids your executive team in making decisions about what type of investment to make in your current service lines and which new service lines you can offer to complement your current portfolio and for which there is a market need. It also pinpoints the service lines that are worth sustaining and which should be considered for closure.
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Using Service Line Analysis To Drive Decisions
This article focuses on the matrix tools useful for advancing the discussion of service line strategy, including profitability, market risk-reward ratio, and service diversification—advanced tools for ongoing portfolio management. While there are many matrix models that can be used, the four views of service line data that we use most often are the Mission-Profitability Matrix; the Market Growth-Market Share Matrix; the Risk-Reward Matrix; and the Diversification-Risk Matrix.
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Recent Issues
- How To Assess Health Plan Partnership Readiness: Is Your Organization Ready? The OPEN MINDS Management Newsletter, March 2023
- How To Determine If Your Mission & Vision Are Ready For The Future: Setting The Stage For Your Strategic Plan The OPEN MINDS Management Newsletter, February 2023
- Crafting Organizational Strategy: A Best-Practice Path To Success & Sustainability The OPEN MINDS Management Newsletter, January 2023
- How To Build The Right Executive Team: The Leadership & Management Development Issue The OPEN MINDS Management Newsletter, December 2022
- How To Create A Winning Performance Dashboard: The OPEN MINDS Management Newsletter, November 2022
- Preparing For The VBR Challenge: The OPEN MINDS Management Newsletter, October 2022