Risk Management Plays a Vital Role in Healthcare Organizations

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

Root cause analysis (RCA) is used in different fields to conduct a systematic search to find the causes of a specific sentinel event (Jacob, 2010).  The main goal for conducting a RCA is to prevent similar adverse events from happening in the future (Jacob, 2010).  In this paper, I will use the scenario provided in the task to create a complete RCA report as well as improvement plans that will prevent similar incidents from happening again.

Risk management is about reducing the likelihood of errors with the aim of improving and monitoring the quality of health care services. The purpose for risk and quality management is to improve the care of the patients and reduce liability among the staff and the patients. In following risk and quality management protocols

Risk management is designed to mitigate safety concerns, assure quality and protect patients’ rights. Risk management is both proactive-eliminating risks before they can occur, and reactive-after a risk has occurred, taking steps so if will not occur again. Every

Internal Audit Response: Internal Audit accepts the action plan to address the noted issue and its root cause.

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.

Risk management in health care is critical as it is the umbrella that covers many different areas from protecting patient information, ensuring proper procedures in the handling of medications, educating and providing training to all employees, and so much more. Risk management is critical because ensures the facility is operating within regulation. Quality management establishes the functionality of providing patients with quality care for a decent market value, which includes good customer service, timely visits and advanced technology.

Root cause analysis team formed to investigate the sentinel event presented in the case study included:

Through a mixture of Clinical and Actuarial assessment it is argued that an effective Risk Management Plan can be put in place.

Risk management is the series of actions that is put forward to identify and address the issues to avoid the possibility of loss or injury. “Moreover, even when a risk-management plan creates barriers to access, a careful discussion of those barriers can lead to strategies to reduce them” (Meltzer, 2007, pg. 2). Quality management oversees the development of a product or service and ensures that it’s functioning or performing in the best possible manner with the least waste of time and effort. These departments are critical in recognizing and protecting a company loss. Many health care professionals are not easily persuaded that quality can improve even though the end result is not good (Moore & Kelly, 1996). These departments provide the means for a company to move forward and grow. Without these watchdogs, it is impossible for a company to gain a profitable earning and increase consumer satisfaction. Both of these departments ensure that BCBS is accredited, follow standards and policies in an effort to provide the consumer with the quality of care from managed care plans.

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.

In any organisation particularly health care risk management affects everybody, and each individual should be clear about their responsibilities for managing risks. Responsibilities should therefore be specified in employee’s job descriptions or in relevant policies and procedural documents. The accountability frame work for risk

Patient safety which is the amount to which patients are free from unintentional injury has established a great deal of media attention during the past few years. Regulatory and professional agencies have specified that patient safety education should be given to healthcare workers to improve health results. The primary purpose of this essay was to gain a better understanding of the present status of patient safety consciousness among those that work in the health care setting... Risk Management Issue

Accurate and timely information was required to be analyzed for a real conclusion to be the draw to enable the right recommendations for accurate decisions by the management to help solve the problem.

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