From Market & Financial Feasibility To Reality: Best Practice Service Line Research & Development

Nimble service line portfolio management is one of those mission-critical skills that executive teams need to ensure the long-term success and financial sustainability of organizations. It includes monitoring market needs and your organization’s financial and quality performance. It also includes adjusting your service portfolio when needed—deciding which services to add, which to eliminate, which to change, and which to grow.

To that end, last month I detailed the OPEN MINDS’ Metrics-Based Evaluation Of Service Line Opportunities process on how to select service line expansion or diversification opportunities for further analysis (see Planning For Growth Through . . .