Strategies For Strengthening Financial Sustainability — The Little Friends Approach

This Circle Elite Executive Roundtable was given on March 16, 2023, and featured Mikel S. Briggs, President and Chief Executive Officer at Little Friends, Inc. and Ken Carr, OPEN MINDS Senior Associate. They discussed the steps that Little Friends took to create a financial sustainability plan when Mr. Briggs stepped into the top executive role. Executive attendees of this session learned:
  • Financial sustainability in terms of growth and profitability for an organization
  • Service portfolios, unit rates, and identifying new service lines
  • Maximizing revenue while diversifying payer mix
This roundtable was part of The OPEN MINDS CFO Consortium developed to provide executives with the tools and abilities to strategically assess and position their organizations for long-term sustainability and growth. The consortium is open to all Elite members, to learn more and sign up, visit https://openminds.com/store/cfo-consortium/.