Importance Of Risk Management In Healthcare

Great Essays
Attract

The responsibility of risk management in healthcare systems falls on multiple individuals within any given organization. It’s well known that most hospitals and healthcare systems do not have a fully functional risk management system that spans across an entire organization and operational structure for the delivery of key services. Ensuring the security of protected health information (PHI) in your health IT system requires that you institute measures to guard against unauthorized use or disclosure of PHI. A risk management plan should have five key components which are administrative safeguards, physical safeguards, technical safeguards, organizational standards, and policies and procedures. For any single risk, a combination of safeguards may be necessary because there are multiple potential vulnerabilities that exist that could negatively affect healthcare systems, according to the American Society for Healthcare Risk Management (See Reference 1).

Enterprise Risk Management (ERM) should be a part of any healthcare system overall plans for healthcare systems. A healthcare system ERM plan should address the overall risk that should an organization could face from outside or inside the organization. The plan should go over ways of managing risk and the impact of such risks as an
…show more content…
Most organizations combining resources are relatively small innovative organizations, and haven’t showed a lot of interest in the security part of their operations. The risks of data breaches extend to businesses hospitals and providers that are contracted with to carry out medical coding and billing. These business professionals should also develop their own risk management plans for their Healthcare IT systems and, follow the same standards as the healthcare system they are contracting

Related Documents

  • Decent Essays

    Wyoming Medical Center, Los Angeles County, and Raymond James all share similar struggles with how to secure the network, computers and mobile devices. Control and security are a concern from both inside and outside of the facilities and organizations. Each organization deployed a multi-level/tier approach was needed to protect the data. The Novell ZenWorks agents are used to manage the operating systems and software that is installed on the desktops/workstations; it allows the information technology group to customize the software for installation and patch management.…

    • 302 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    HIPAA: Covered Entities

    • 168 Words
    • 1 Pages

    HIPAA was created in 1996 in order for Covered Entities (Health plan, health care clearing houses and health care provider) to protect and secure a person’s private health information (PHI). Its main focus is to eradicate worker discrimination due pre-existing conditions. Nonetheless, HIPAA concentrated on the implementation of a distributed electronic system to improve administrative transactions among covered entities. However, early stages of HIPAA provisions left many gaps opened. As an example: HIPPA did not specify how information should be protected; what methods, rules or standard needed to be enforced.…

    • 168 Words
    • 1 Pages
    Improved Essays
  • Decent Essays

    Telichia Johnson HIMS 417 March 07, 2015 Summary: Redefining HIM Privacy and Security Role In the article “Redefining Health Information Management Privacy and Security Role,” the authors report on the historical role of the Health Information Management (HIM) professional in privacy and security, several evolutionary changes, and the need to extend access to patient information beyond normal patient care. In a period of constantly changing regulations and continual evolutions in technology, the Health Information Management profession’s roles and responsibilities will have to be extended to meet industry demand, and more reliance on Health Information Technology (HIT) to process and manage data and information. A more increased role…

    • 371 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Any organization, including ABC healthcare Information technology (IT) infrastructures are exceedingly powerless against potential assaults or harm caused from internal and external threats. Meeting standardize compliance requirements developed by the Sarbanes-Oxley (SOX) Act and the Health Insurance Portability and Accountability Act (HIPAA) is critical to reduce potentials assaults to guarantee their infrastructures are secure to the best degree possible by substituting data frameworks regulations. Technical security recommendations to improve ABC Healthcare information security can enhance their information security without significantly increasing management or cause difficulty in the organization. Healthcare industries store and have…

    • 782 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    As Maxistar Medical Supplies Company develops and extends operations it turns out to be progressively critical to keep IT operations secure while likewise empowering the business to rapidly and adequately address client issues. Amid a late appraisal Maxistar recognized a few changes that should have been be executed to their IT operations to secure their business to adjust to administrative and lawful consistency for the Payment Card Industry (PCI), HIPAA, and NIST 800-53 principles. As a major aspect of this evaluation, a few known dangers were recognized and 5 regions particularly were focused as the start of Maxistar's Security and Compliance program. This record will plot those dangers and the rules for our arrangement to carry Maxistar…

    • 164 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Developed in collaboration with healthcare and information security professionals, the Health Information Trust Alliance (HITRUST) Common Security Framework (CSF) is a security framework for protecting health information tailored for the U.S. healthcare industry. The CSF includes and integrates federal and state regulations, standards, and frameworks such as HIPAA (Health Insurance Portability and Accountability Act), NIST (National Institute of Standards and Technology), ISO (International Organization for Standardization), and COBIT (Control Objectives for Information and related Technology) to provide a healthcare organization with a broad and adaptable tool for assessing risk (Murphy, 2015). As described on the Health Information Trust…

    • 725 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    This discussion will focus on what Risk Managers could do to put policies and procedures in place to protect healthcare organizations like Charleston Area Medical Center (CAMC). CAMC is an 838 bed non-for-profit tertiary medical Center (CAMC, 2015). CAMC promotes a robust performance improvement environment that employees over 7,000 employees that all work to provide the highest level of quality for every patient every day. As a Risk Manager for CAMC and working with Administration and our Information Services Department, we would first need to acknowledge the HIPAA-HITECH Security Rule that governs privacy in healthcare. The ruling states that we will pursue practices for protecting the confidentiality, integrity, and availability of electronic PHI of its patients.…

    • 478 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    As the guardian of patient health information, healthcare organizations should know that there are a number of actions they can take to assure their EHR system are secure. A few examples of these prevention measures include anti-malware, intrusion prevention, data loss prevention, and authentication programs. Lastly, it is crucial for healthcare entities to understand the security of patient data is an ongoing responsibility which requires a reassessment over…

    • 520 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Providers and insurance companies must work together to keep medical information safe. They do this by using Electronic Healthcare Records and Computerized Physician Order Entry systems. HIPAA developed standards that must be followed when using…

    • 769 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Healthcare field is a large complex organization full of individuals whose duty is to provide the best health services possible. In order to provide patience’s with the best care possible these individuals have not only been trained in science and medicine but also in laws and ethics. Healthcare organization has always been interconnected with the government and law. Throughout the years there has been many laws set in place to protect all parties involved from state, organization, and individual employees and patients. A factor that has always been a concern in the healthcare system is that of privacy; individual patience’s tend to be concern for their private information and have the right to privacy and confidentiality.…

    • 805 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Risk assessments must be carried out to eliminate or reduce risks with any findings recorded. Any arrangements made must be monitored and reviewed by appointed person's with the training, knowledge and skills to carry out these arrangements. It is the appointed person's (Health and Safety Co-ordinator) responsibility to ensure that everyone within the setting is made aware of, read and signed the changed or new policies and procedures. People within the work setting must be made aware of where of the Health and Safety Policy is kept, up to date training must be provided and copies of risk assessments must be given when necessary, for example when going on school trips, all adults on the trip must read the risk assessment specifies such as the minibus for travelling in, wearing visors, appointed first aiders, trip and group leaders and toilet trips. This ensures the staff are aware of risks and hazards, how to deal with them efficiently and who to report…

    • 987 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    HIPAA Security and Privacy: Cases and Scenarios Brittany Stewart Herzing University Dr. Gary J. Hanney Abstract HIPAA security and privacy is an important aspect of healthcare delivery. Government influences greatly how legal issues are addressed in healthcare, including non-governmental entities. This essay will explain how the HIPAA privacy rule should be applied appropriately with protected health information.…

    • 945 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    Implementation of policy Appropriate measures must be taken when using workstations to ensure the confidentiality, integrity, and availability of sensitive information, including protected health information (PHI). These measures must ensure that access to sensitive information is restricted to authorized users…

    • 636 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Hm Risk Management

    • 586 Words
    • 3 Pages

    First off, before identifying how risk management is related to quality, we must first define both terms. Risk management is defined as “The process in place to identify, evaluate, and control risk; defined as the organization’s risk of accidental financial liability” (Brodnik, Finehart-Thompson, & Reynolds, 2012). Whereas quality is defined as “doing the right thing, at the right time, in the right way, for the right person- and having the best possible results” (Brodnik et al., 2012). That said, how is risk management related to quality? Quality and risk goes hand in hand because anytime we are hoping to deliver good quality care, we are faced with many challenges and thus we are constantly taking risks.…

    • 586 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Identifying Risks & Strategies For successful project managers, ignoring risk management is not an option. In the words of the great Sir Winston Churchill, we must “let our advance worrying become advance thinking and planning.” The identification of risks must be planned and incorporated into project definition and ongoing throughout the life of the project to prevent the need to consider and manage a crisis (Schwalbe, 2014). The project manager for Industrial Supply Industries (ISI) has been given a new project to initiate to enable their employee community to maintain some of their own personal human resource (HR) data.…

    • 1166 Words
    • 5 Pages
    Superior Essays