Page 39 - CEO Orientation

Risk Description Likelihood Potential Mitigation Approach
of Risk Impact
Capital Each site currently has Medium Medium Advocacy with the Toronto Central LHIN
Budgets its own dedicated and Ministry of Health and Long-Term
capital budget and Care to support ongoing renewal of
needs based on the age infrastructure will continue, along with
and use of its facilities. foundation support and capital funding.

Annual capital planning processes related
to equipment, IT and space renewal will
recognize all three sites’ needs.
Operational The new network will Low Medium The Finance Working Group analysis
Budgets transition from having demonstrated a positive impact both to
three site-based the expense and revenue lines of the new
budgets to a single network and the overall sustainability of
network budget. each campus. Financial planning across all
three sites will be based on need and
following leading practices.
Effect of one- One-time costs related High Medium Advocacy with the Toronto Central LHIN
time costs of to integration may and Ministry of Health and Long-Term
integration on negatively impact future Care will be important to ensure the
health system funding under the benefits of integration are understood and
funding province’s HBAM considered in the provincial funding
reform funding formula. formula.
Donor support Local donors who make Low Low Foundation leadership from each of the
(Foundations site specific donations three partnering organizations are aware
Impact) will want to ensure their of the risks and have been involved in the
donations remain integration discussions. Donors’ site-
dedicated to the site. specific donations and pledges will be
honoured.
Pension Each organization High High A Joint Board Pension Committee has
operates a single- been established to explore future options
employer pension plan. a new entity would consider.

Information Technology
Information Each site has different IT Medium High The IT integration plan will provide
Technology systems that are not opportunities to leverage existing IT
and Services currently integrated. infrastructure and to coordinate IT
processes, support and services. This will
enable efficiencies of scale and
standardization of common technology
platforms.

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