Who would you include in the initial review of risk management data? Why? What are the goals of risk reduction? Provide an example of risk reduction in your organization.
Risk management refers to strategies that reduce the possibility of a specific loss. It is typically a hybrid function bridging a number of disciplines to reduce the incidence of organizational loss. Risk management programs consist of both proactive and reactive components. Proactive components include activities to prevent adverse outcomes i.e, damage control and reactive components include actions in response to adverse occurrences. All healthcare organizations no matter how small they are require both the components to be fully functional in order to ensure patient safety as well as enterprise sustainability.
Risk is defined as "exposure to the chance of injury or loss". Therefore, "risk management" began as loss avoidance and not value creation. In reality healthcare organizations also need to take in to consideration the "uncertain." These include many daunting uncertainties that do not come under the umbrella of "loss control" or "loss avoidance." Questions like "what services will our patients need over the next few years?" "What staff and technical support will we require to meet those needs?" Looking at healthcare ...
This solution provides detailed account of risk management methodologies, goals and examples of risk reduction strategies employed in health care facilities.