Importance Of Risk Management Plan

2051 Words 9 Pages
Register to read the introduction… It states the purpose, objectives and functions of the risk management program.
Establish the Context: To be effective, the risk manager and support team must identify and understand the organization’s missions and goals and operating environment.
Objective Setting: Serves to prevent accidental losses through interventions that support patient safety and quality of care. Reduce the severity of accidental losses. Comply with legal and regulatory requirements.
Identify the Risks: Identify internal or external risks that may pose a threat to the healthcare organization. The following methods will be used to assist in the operational assessment of risk: brainstorming, SWOT (strengths, weaknesses, opportunities, and threats), diagramming and interviewing. Events will be entered into the event reporting system.
Analyze the Risks: Perform a systematic analysis of the organization to understand and identify the risks. Determine the probability risk will occur and the impact it would have, should it happen.
Evaluate and prioritize the risks: Evaluate the risks against acceptability criteria developed by the organization and prioritize the list for further action. Risks will be prioritized by their level of
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The facility will be prepared to respond to natural or man-made disasters in a manner that protects the safety and health of all patients, visitors and employees. All employees will know and be prepared to fulfill their responsibilities in an emergency situation. If an emergency situation affects the operation of the facility, the employee who discovers the situation will report it to their supervisor …show more content…
An effective risk management program focuses on threats or harmful situations through identification, reduction, analysis and prevention. If an incident occurs, the healthcare facility can manage it most effectively with its risk management practices in place. Working to provide a safe environment for patients, visitors and employees, the risk management program demonstrates the healthcare facility’s commitment to its missions and values.

Works Cited

Buccholz, S. (2014). Quality is job1-new directions for medical risk management. Retrieved from:
Business Dictionary. (n.d.). Risk. Retrieved from:
Campbell, J.L. (2012). Facility and property management guidebook (3rd ed.). Lindon, UT: Design Publishing Group
Joint Commission on Accreditation of Healthcare Organizations. (2008). Emergency management. Retrieved from:
Oregon Patient Safety Commission. (2014). Risk mitigation for patient safety. Retrieved from:

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