Making The Big Risk Work

Diversification is a big topic for every organization, but particularly those in the health and human service market. With such a large proportion of spending coming from government sources and a lot of question about both federal and state policies and budgets, hedging your bets—so to speak—only makes sense.

But there are many flavors of diversification. There are extensions of current services for current customers, like adding medication assisted treatment (MAT) to an existing addiction treatment program. And, there are high-risk diversification strategies—typically new services in a new market. Most of the time, for most organizations . . .