Diversification—Why & Why Now
In the health and human service space, most community-based organizations need a diversification strategy. Why? Because for most of them, over half of their revenue comes from one payer source. That is a risky proposition in a changing market. With the almost daily changes in the market landscape—with new treatment technology, new competitor organizations, new health plans, and new reimbursement policies—shifts that can change revenue and/or margins are increasingly common. Just in the past week, we’ve reported on these developments (and many more) that will reshape many markets:
North Carolina To Launch Children & Families . . .