By Tom Schramski, PhD
Volume 1 Issue 7, April 29, 2014
Today’s home care marketplace, including private duty, skilled nursing, and non-medical support for people with disabilities, is experiencing rapid growth and change, as well as a dramatic increase in competition. Public payers view home care as one of the most cost-effective ways to provide necessary services, while customers want to stay in their own homes as late in their life as possible. In a sense, it’s the perfect intersection of consumer desire and economics.
The challenge of leading a successful home care company requires executives to continually focus on diversifying their base to ensure profitable and quality-driven operations in the future. I suggest five ways to focus your leadership efforts:
As my title suggests, it’s worth it to mix things up from time to time to allow you to see new opportunities for you and your home care company. By doing so, you increase the likelihood that you will find some new avenues for growth and prosperity.
Tom was the Founder and Managing Partner of VERTESS. He was a Certified Merger & Acquisition Advisor (CM&AA), consultant, and Licensed Psychologist with over 35 years of very successful national experience in the healthcare marketplace, including co-founding and building a $25 million behavioral health/disabilities services company. Tom represented sellers and investors across the healthcare spectrum and was recognized for his executive leadership in the 2005 Entrepreneur of the Year issue of Inc. Tom passed away in December 2018.