Analyzing Risks and Benefits A potential benefit is defined as a chance of experiencing an advantage in context, whereas a potential risk is a chance of experiencing harm in context (NIH, 2013). The goal of healthcare research is to maximize potential benefits to patients while limiting potential risks in the interest of medical advancement (NIH, 2013). Likewise, decisions made by the management of healthcare facilities on staffing and capital allocation, for example, seek to maximize benefits and limit risks to its patients. Several parallels can be drawn between the process that researchers undergo when weighing potential risks and benefits of a proposed research study and those taken by management in healthcare facilities when making critical …show more content…
Long's OB/GYN practice, healthcare management can apply the risk/benefit analysis model implemented in medical research to its decision making process. The ultimate goal of healthcare is to provide outstanding care to its patients. To do so, difficult decisions must be made when resources are limited. In an effort to provide the greatest good to the greatest number, the potential benefits of an acquisition must outweigh the potential risks, based on an established baseline. Healthcare management often employ a board of directors to help make decisions, much like researchers rely on RECs to ensure its compliance with research standards. RECs determine if a study can be conducted without the use of human subjects, much like a board of directors may consider alternatives to expensive medical equipment when a less expensive item is comparable (Lent, Rongen, & Out, 2014). Management of Dr. Long's office is faced with the option of hiring an additional physician or purchasing a new ultrasound machine. RECs act to protect vulnerable populations and ensure patient safety. The low-income status of the women in Petersburg make them, and their unborn babies, vulnerable populations. Therefore, this decision must be in the best financial interest of the practice to keep it operational, as it is the only option for many women in the
If a risk has been identified then it needs to be acted upon so as to minimise the level of risk involved. If this is not done then there is a higher level of risk and more chance of a negative outcome.
The purpose of risk assessment is not to remove risks, but to take reasonable steps to reduce them. The process involves looking at the risk, and considering what can be done to make it less likely that the risk will develop into a reality. This can be done through implementing policies and codes of practice, acting in individual’s best interests, fostering culture of openness and support being consistent, maintaining professional boundaries and following systems for raising concerns.
1) Whether the risks that Adair faced were inherent in the activity of rock climbing?
An innocent child is standing in a candy store and looking at all his favorite options from which to choose. He slowly reaches for the bag of M&Ms, and he does not know what all the chemicals in that bag will cause him. The M&Ms have ADHD (Attention Deficit Hyperactivity Disorder) causing carcinogens in them called food dyes. These food additives help the food products stay vibrant and eye catching but America’s youth does not know what the consequences are when you eat these products. Children think they are nice and colorful but they do not know what lies behind the wonderful rainbow of colored M&Ms in that bag. That is why The United States needs to ban food color additives to make our nation healthier. The main points on food dyes are the problems they cause, the counter argument against them and the steps the country can take to solve these problems.
An assisted fall is when a staff member witnesses a patient's fall and attempts to minimize the impact of descend. Many patient falls occurring during hospital encounters may cause little or no harm but some can result in serious and even possibly life-threatening consequences for many patients such as hip fractures and head trauma. Even when a fall does not lead to death, it can require prolonged hospitalization. Some could suffer disability, loss of function, and lose their independence or premature death. “Patient falls in hospitals are a common and often preventable adverse event. Nurses routinely conduct fall risk assessment on all patients, but communication of fall risk status and tailored interventions to prevent falls is variable at best.” (Hurley,
Subject: Identify one drug which has a controversial risk/benefit profile. Explain one aspect which makes this drug controversial.
Whilst on placement with the Aberdeenshire Council Children and Families Team I adhered to the lone working policy to ensure my safety when out of the office working with clients. To minimise risks, in line with this policy I have my mobile phone with me at all times and ensure I write my day to day diary on the office board with names, times and addresses of where I will be going, and notify staff of my where-a-bouts (Aberdeenshire Council 2014).
The issue of risk scenario carries immense importance for most of the hospitals that are part of the healthcare setting. However, there is not only one scenario that can affect the hospitals but
Healthcare risk management ( HRM) began in The late 1970s, when hospitals are facing a malpractice crisis (Kavaler & Alexander, 2014). According to Kavaler and Alexander (2014), it is estimated more than 140,000 Americans die from medical errors and the cost ranges between $17 billion and $29 billion each year in the United States (Kavaler & Alexander, 2014). In this essay, the student will explain a healthcare risk management program, evaluate the program for compliance with the American Society for Healthcare Risk Management (ASHRM), and Examine the administrative process of management the risk program.
men from battle. In his mind, he was thinking, if he got those men out
In the United States there are over 5000 health care facilities, and with such a large selection to choose from, the task of selecting an institution to write a research paper on can be challenging. To avoid this pitfall, the decision was made to select a Health care facility that was not only geographically convenient, but also an intuition that I represent. As an employee of Mount Sinai Hospital of New York, NY, the decision came natural to select this Health Care facility.
According to Freeney & Murphy ( 2013) risk management is a process of risk identification, response development, risk evaluation, continuous observing and appraisal in order to reduce the risk of injury to patients, staff and visitors. Risk has been defined as “the chance of something happening that will have an impact on the achievement of organisational stated objectives,” HSE (2008) or “the effect of uncertainty on the objectives” ISO 31000 : 2009.
“First, it neglects the fact that those who benefit may not be the same as those who pay the costs.
Risk allocation is performed as part of the development of the project structure, which takes into account the distribution of responsibilities and risks during the planning, construction, financing and operating phases (Corner, 2006). The aim is to identify an efficient and effective structure that optimises the costs of the project and ensures that the risk occurrences do not damage the project (Delmon, 2009). According to Grimsey and Lewis (2007) risk allocation has two elements: optimal risk management and value for money. The first implies that the
One well accepted description of risk management is the following: risk management is a systematic approach to setting the best course of action under uncertainty by identifying, assessing, understanding, acting on and communicating risk issues. In order to apply risk management effectively, it is vital that a risk management culture be developed. The risk management culture supports the overall vision, mission and objectives of an organization. Limits and boundaries are established and communicated concerning what are acceptable risk practices and outcomes. Since risk management is directed at uncertainty related to future events and outcomes, it is