Addressing Financial Sustainability Through Revenue Diversification

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 financial sustainability of the organization.

In the last three years, health and human service organizations have been subject to a number of significant pressures impacting services and short- and long-term financial performance:

A clinical workforce labor shortage and increasing labor costs.

Uncertainty stemming from . . .