Can Health Care Providers Afford to Be Ready for Disaster ...commentary from NYTimes

New York Times 2-14-2016

Can Health Care Providers Afford To Be Ready For Disaster?

At the Institute for Managing Risk at the Manhattanville School of Business, we will be talking about how organizations assess their risks and how they decide to manage their risks. An Op Ed in the February 14, 2016, New YorkTimes highlights the tradeoffs that companies make.

The article, “Can Health Care Providers Afford to Be Ready for Disaster,” addresses potential Federal regulations specifying certain levels of planning, preparation, and testing for nursing homes and hospitals. Are full preparations for another Hurricane Katrina or a Superstorm Sandy reasonable and appropriate? How much back-up power capacity, which might be useful for continuing operations through events far less catastrophic and possibly more frequent than these two weather-driven disasters, is reasonable and appropriate? How should a hospital assess its risks? Are there reasonable minimum standards that might be appropriate for some businesses but not for others? Should providers who are not prepared for disasters fail?

There are tools for making these types of assessments. As you read this article, join me at the Institute for Managing Risk in thinking about the risks and tradeoffs.

Michele Braun

Director, Institute for Managing Risk

Manhattanville School of Business

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