Elements of a Risk Management Program
Risk management for healthcare can be defined as an organized effort to identify, assess, and reduce, where appropriate, risks to patients, visitors, staff, and organizational assets (Kavaler & Alexander, 2014). There are five steps which form the framework of a risk management program. These steps include Risk Identification - Understand the different exposures and prepare a comprehensive Risk Inventory, Risk Evaluation - Estimation of the loss potential for each risk, Risk Treatment -The process of weighing methods for managing the identified risk, loss control, and risk financing, Decide and Implement - Choose and implement the components of risk management and loss control that best serves your agencies …show more content…
The risk process includes risk identification, risk analysis, risk treatment which involves risk control and risk financing, as well as assessment of risk treatment strategies. ASHRM states that risk management is addressing, preventing, and monitoring situations that could bring about injury or liability, financial loss or regulatory non-compliance. All employees are responsible for managing risks; however a risk management program must have a head manager for structure and implementation. For a healthcare organization to be in compliance with ASHRM requirements, steps must be in place and shared throughout the organization. This includes employee orientation, periodic in-services, along with complete communication with other committees of the organization like safety, clinical, administrative, and quality …show more content…
A governing body controls the healthcare organization risk management program. This governing body agrees upon the risks and the following may occur: Identification and assessment of possible unforeseen risks in a given area are addressed to make sure no risk goes unattended. Response to these risks is developing a work plan of the highest risks first, followed by the lowest. The governing body assures oversight of the program and the staff are trained in the understanding of the risk and compliance issues that come with the risk (Carroll,
Risk management for healthcare can be defined as an organized effort to identify, assess, and reduce, where appropriate, risks to patients, visitors, staff, and organizational assets (Kavaler & Alexander, 2014). There are five steps which form the framework of a risk management program. These steps include Risk Identification - Understand the different exposures and prepare a comprehensive Risk Inventory, Risk Evaluation - Estimation of the loss potential for each risk, Risk Treatment -The process of weighing methods for managing the identified risk, loss control, and risk financing, Decide and Implement - Choose and implement the components of risk management and loss control that best serves your agencies …show more content…
The risk process includes risk identification, risk analysis, risk treatment which involves risk control and risk financing, as well as assessment of risk treatment strategies. ASHRM states that risk management is addressing, preventing, and monitoring situations that could bring about injury or liability, financial loss or regulatory non-compliance. All employees are responsible for managing risks; however a risk management program must have a head manager for structure and implementation. For a healthcare organization to be in compliance with ASHRM requirements, steps must be in place and shared throughout the organization. This includes employee orientation, periodic in-services, along with complete communication with other committees of the organization like safety, clinical, administrative, and quality …show more content…
A governing body controls the healthcare organization risk management program. This governing body agrees upon the risks and the following may occur: Identification and assessment of possible unforeseen risks in a given area are addressed to make sure no risk goes unattended. Response to these risks is developing a work plan of the highest risks first, followed by the lowest. The governing body assures oversight of the program and the staff are trained in the understanding of the risk and compliance issues that come with the risk (Carroll,