Risk Management In Health Care

The main objective of Beaumont Hospital is to provide high quality, efficient, accessible services, in a caring environment for Southeastern Michigan residents. Beaumont Hospital believes that patient safety is just as important as medical progression. Therefore, Beaumont Hospital’s risk management program consists of identifying hazard associated risks, controlling risks, and monitoring the effectiveness of procedures/practices. Risk is a part of patient care and services because everything doesn’t always go according to plan. Catastrophic patient injuries often occur because of unanticipated failures. The risk management team is responsible of effective surveillance, analysis, and prevention of events which may injure patients, lead to malpractice claims, or cause loss to the health care system. The risk management staff at Beaumont use the Failure Mode and Effects Analysis (FMEA) as a tool to anticipate what might go wrong with a process or product and how that failure effects the patient. FMEA is designed to dissect a particular process into its individual steps, isolate the potential steps that could cause the problem, assign a specific risk level to each abnormal step, analyze the risk potential for the process, and assign and action plan to correct the problem (Fibuch & Ahmed, 2014). The risk management team also evaluates and modifies potential problems. Beaumont Hospital’s risk management team helps avoid or eliminate risks by identifying an alternate

Risk management is an important element in managing information systems. Applying risk management principals to business procedures is essential because it helps organizations design and maintain a safe systems environment to ensure the confidentiality, integrity, and availability of company data. Kudler Fine Foods has expressed an interest in developing an Enterprise Resource Planning (ERP) system. The primary objective is to improve business administration by integrating stores and business systems. Kudler Fine Foods has three stores in California and integrating business

Within in my own setting one of my roles is to promote individuals’ independence but in the same time we have to protect them from harm and danger. Everybody takes risks in everyday living therefore people living in care homes should be able to that, too. When we look after our residents, we make sure that they are aware of any risks involved, e.g. before they go out. Risk assessment is completed. Risk assessment covers many areas like showering themselves, going out on their own. We do them with our residents to identify what they want, what risks it involves, and how they can be avoided or minimized.

The first step in evaluating Mr. Smith possibility of risk of violence consisted of a thorough background check of his personnel record, information collected in the collateral interviews and through interactions with Mr. Smith himself. If applicable and approved a thorough look in to mental health records. However, Mr. Smith declined to allow the company into his military service record.

The different types of risks applicable to health care settings include clients/patients and HCW’s who may become infected with communicable diseases or have wounds that carry infection. HCW’s handle equipment, materials and waste products that carry infection, and can therefore be infected during the course of their duties, and potentially infect other people who also frequent the same environment.

A risk is the likelihood of a specific consequence occurring with the potential to cause harm.

1. American Society for Healthcare Risk Management (ASHRM) identifies the following four key components and specific steps for a risk management program. They are risk identification, risk analysis, risk treatment and risk evaluation. First, in the risk identification process, both incident reports and patients’ complaints are helpful to identify the risk. In this case, the twins’ mom, Kimberly Quaid’s complaint was the first indicator of the risk. Second, risk analysis can be done prior to administration of the drug Heparin. At this stage, the risks of mixing-up Heparin with other drugs are proactively addressed. Third, risk treatment can be applied with risk control techniques. Possible risk control techniques include labeling all the pediatric

Based on your learning over the past six weeks, identify the factors that will be required for future change in the health care industry pertaining to quality improvement, patient safety, and risk management.

Risks to patients, employees, and organizations are prevalent in healthcare. Operating and managing a health care organization consists of many important factors. Factors such as finance, safety, and most importantly, patient care (CITE Scranton University). These factors play a major role in the success of the organization. Therefore, it is important for an organization to have qualified healthcare risk managers to assess, develop, implement, and monitor risk management plans with the goal of minimizing exposure. Mitigating such risk through management practices will allow for a better overall functionality of the organization along with minimizing unwanted incidents. Identifying risks is the first step in risk management.

In the healthcare industry there are titles and roles such as small as orderlies, office workers, aides, nurses, doctors, physicians and they all have different roles within the industry itself. In the healthcare industry there are tons of healthcare professionals. The number one common goal is to put the patient first and the overall health of the patients.

1. Risk Management and why this is required for the National Health Service (NHS) Risk management is essential in any industry as it is not always possible to predict the future. However, by carrying out certain procedures and taking precautions, a more favourable outcome can result over a less attractive one (Garlick, 2007, p.3). This is greatly beneficial for the publicly-funded National Health Service (NHS) as it assists the organisation comply with the ‘the Standard for Better Health for England and the Healthcare Standards for Wales.’ The National Patient Safety Agency (2006) states that understanding all potential risks will aid the organisation in coping with unexpected events and ultimately ensure public, staff and patient confidence

Hospitals have hazards of ID theft, inadequate or false financial disclosure, theft of personal and identifiable health information, law suits from the loss of health information, losses from fraud, and damages to the business image from all these hazards. There are standards that govern the internal controls of hospitals and control how information is used, disclosed, and safeguarded. If the hospital is a public entity, it will fall under the Sarbanes-Oxley Act of 2002 that governs how financial statements are presented (Saranes-Oxley Essential Information). The FACTA and the ITPEA are two laws that govern the protection of identity of personal information (Holtfreter, 2006). And, HIPAA governs the safeguarding and use of identifiable health information (Health Information Privacy).

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

This is important for any organisation as they have to set budget. The organisation should make sure that they stay within their budget and not exceeding it. For example, the organisation can budget on how much to spend on software updates each year so that they get the latest software in the organisation.

6.Large Number of Insured Persons :-To spread the loss immediately, smoothly and cheaply, large number of persons should be insured. The co-operation of a small number of persons may also be insurance but it will be limited to smaller area. The cost of insurance to each member may be higher. So, it may be unmarketable. Therefore, to make the insurance cheaper, it is essential to insure large number of persons or property because the lesser would be cost of insurance and so, the lower would be premium. In past years, tariff associations or mutual fire insurance associations were found to share the loss at cheaper rate. In order to function successfully, the insurance should be joined by a large number of persons.