Medical Facilities Corporation
Climate Impact & Sustainability Data (2018)
Reporting Period: 2018
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Reliance on third-party payors for revenue and profitability
- Licensing, certification and accreditation requirements
- Regulatory requirements (Anti-Kickback Statute, Stark Law, PPACA, False Claims Act, patient records and confidentiality)
- Dependence on physician relationships
- Lack of diversification in the business
- Litigation, professional liability claims and availability of insurance
- Access to capital resources for expansion
- Regulations affecting expansion
- Competition from other healthcare providers
- Cyber security incidents
- Disasters and similar events
- Employee-related risks
- Scientific and technological advances
- Reduced demand for services
- Nursing staff shortages
- Adverse economic conditions
Mitigation Strategies
- Robust compliance program
- Insurance policies
- Incident response policies and processes
- Preventive actions to reduce cyber security risks
- Contingency plans for disasters