article thumbnail

Ensuring Healthcare Resilience: The Critical Role of Business Continuity

Erwood Group

Understanding Business Continuity in Healthcare: Business continuity in healthcare refers to the strategic and proactive planning that healthcare organizations undertake to ensure the continuous delivery of essential services, safeguard patient care, and maintain operational integrity during unforeseen events.

article thumbnail

Top reasons why Business Continuity Planning is ignored!

Stratogrid Advisory

To make matters worse, even those organizations’ that implement Business Continuity Plans (BCP) are not necessarily protecting their entire organization. We have business interruption insurance. The business interruption insurance will cover actual business loses and expenses associated with the restoration of business services.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Everything You Need to Know About Business Continuity Plans

Erwood Group

While business continuity has been in practice since the 1970s and could be argued that it has been around since the 1950s through strategic planning it is something that is not common knowledge. Insurance Contact Information. The team members are usually involved with performing the procedures in implementing the BCP as required.

article thumbnail

Risk Assessment – Is it worth the time and effort?

Stratogrid Advisory

Insurance companies assess risks to determine the insurance premiums they will charge. Unsurprisingly, a Risk Assessment is one of the most important components of Business Continuity Planning (BCP). Outside of BCP, Risk Assessment can also enhance your organization’s strategic decision-making abilities.

article thumbnail

Risk Assessment – Is it worth the time and effort?

Stratogrid Advisory

Insurance companies assess risks to determine the insurance premiums they will charge. Unsurprisingly, a Risk Assessment is one of the most important components of Business Continuity Planning (BCP). Outside of BCP, Risk Assessment can also enhance your organization’s strategic decision-making abilities.

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

There is a common misconception among many small and medium-sized organizations about what the Business Continuity Planning (BCP) process entails. BCP requires collaboration across the entire organization and the participation of all business units and departments.

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

BCP Guide table of Contents: Section 1 - Introduction to Business Continuity Planning (BCP). 1 – Introduction to BCP. 1 – Introduction to BCP. 1 – Introduction to BCP. 1 – Introduction to BCP. Section 1 - Introduction to Business Continuity Planning (BCP). ARTICLE SECTIONS.