Case Study: How a Healthcare Services Provider Evaluated Business Continuity Options

By David Musselwhite | January 23, 2019

      

When a major healthcare services provider ordered up a crisis contingency plan for a key processing facility, it handed the Business Continuity Team a complex problem.  The team had a good grasp of the threats--from natural disasters to a truck barreling off the adjacent interstate--and a handle on the mitigation alternatives if the facility were knocked out of operation, including

  • Renting a nearby building
  • Contracting for trailers outfitted with workstations
  • Increasing fulfillment at other company facilities

What the team didn’t have was a way to analyze those alternatives to see which would provide the most risk mitigation for the least cost. All they had was a simple risk matrix tool: high, medium, low.

What they needed was a solution that would help them conduct a cost-benefit analysis for each of the proposed risk mitigation initiatives and make a cost-effective decision.

See how the  RiskLens platform for risk quantification produced the results the Business Continuity team needed to clearly point the way forward on a complex operational risk and disaster planning problem.  

Download our case study.

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