Risks & #MVHSDOWNTOWN


Risks are everywhere, and very large financial transactions and construction projects have many. Why haven't we heard about the risks of the proposed Downtown Utica Hospital Concept?

How risks were allocate? What risk mitigation steps we're then outlined, debated, and resolved? What of the project's "bankability", and that of MVHS? Finally, how much risk was placed onto the backs of local and state taxpayers?


October 7, 2018 - Who would cover damages of a downtown derailment? What do past derailments in downtown reveal, and what about to a hospital's ability to operate, care for patients...


Hospital Lists Their Expansion Construction Risks

Following are screen captures from this document, Casey Hospital Expansion Project Summary November 2017 (PDF), where details for a new hospital expansion project are detailed. We note, the word "risk" appears 110 times in their 54 page report!

The project adds 152 additional beds, and 333 parking spaces...

Hospital Construction Risks A

Hospital Construction Risks B

Hospital Construction Risks C

Hospital Construction Risks D

Hospital Construction Risks E

Hospital Construction Risks F

Hospital Construction Risks G


September 15, 2018 - What are ratings of past and future bonds supporting hospital and agencies supporting the downtown concept?

Who bears ultimate responsibility if hospital defaults? The Mohawk Valley Health System also asked for tax help on their mortgage, MVHS Application to the Oneida County Local Development Corporation


March 21, 2017 - What risk do lawsuit(s) have on the health system's ability to forecast income?


Warnings

You Can Manage Construction Risks, but... "Colossal County Hospital was coming apart at the seams. With dozens of newly hired doctors, nurses, and technicians, millions of dollars of equipment on the road, and patient appointments backed up for months, the new facility was impossible to use..." Continue reading...

A 2011 meeting between officials from the veterans affairs department and its construction contractor set the stage for financial disaster... - Continue reading...

To start managing your construction risks, you need to... "Be able to list out what could jeopardize your projects. Take a deep breath, because the list can be long; Occupational, Financial, Contractual, Project, Stakeholder and Natural risks, plus Competition." Continue reading...

Best Practices Reduce Risks During Hospital Construction and Maintenance - "Implementing formal Construction and Maintenance Policy and Procedures can significantly reduce health and safety risks, minimize disruptions to hospital operations and assure compliance with state and federal regulations. The following is a guide to incorporating best practices" Continue reading...

Assessing Project Financial Viability - A Financial viability assessment evaluates the risk that, over the life of a proposed contract, a tenderer; a) may not be able to deliver the goods and services which are specified in the contract; or b) may not be able to fulfil guarantees or warranties provided for in the contract.Continue reading...


February 23, 2018 - Then there's the proximity to the CSX Railroad that's is being ignored...

Add this to; 1) Not a healing environment, 2) Close to a flood plain, 3) Congestion of neighboring mass gatherings, and 4) traffic bottlenecks... have us saying, Look At All The Advantages Of The 64-Acre St. Luke's Campus!


Read, Hospital construction projects require unique precautions.



No Studies, No Reports, thus we remain #NoHospitalDowntown