Diversification As A Financial Sustainability Strategy

Diversification of revenue sources gives health and human service executives the freedom to operate without undue reliance on one service or one payer or one consumer group (see Strategic Revenue Diversification Planning: Where To Start). It is a key component of financial sustainability (see Strategic Revenue Diversification: What Are The Options? How Do You Decide What Options To Pursue? and The OPEN MINDS Guide To Strategic Planning: Best Practices In A Turbulent Market). Yet portfolio management and strategic diversification is not as common as it should be.

That may be because it can be a painful process as noted in . . .