McKnight’s Senior Living February 27, 2025
Terrence Phillips

The start of a new year means it’s time to finalize strategic plans and budgets for the year ahead.

Thankfully, the current financial landscape offers promising opportunities for health and human service providers. Stock markets are hovering near all-time highs, with individuals accumulating significant wealth. For providers, this presents a unique opportunity to connect with donors, cultivate relationships and secure philanthropic support.

Once financial resources are identified and secured, it’s essential to have a clear vision of how to use those resources responsibly. This vision includes both advancing your programmatic work and investing in your organization’s long-term health.

Consider the following suggestions when developing strategic plans and budgets for this year.

Invest in workforce development

Recruiting and retaining skilled employees...

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