Risk Management Process Is Risk

1436 Words6 Pages
Risk management is developed in order to reduce the likelihood of possible events that have negative effects for patients, staffs and the organization; to reduce the risk of death and injury or disease for patients, staffs, and others as result of services provided; to improve patient outcomes; to manage resources effectively; and to support legislative compliance and to ensure organizational viability and development. In order to achieve these goals, risk management teams should follow the four steps process of risk management. The first step is risk identifications. Risk identification involves the collection of information about current and past patient are occurrences and other events that represent potential losses to the organization. Such risks can be identified as antitrust, violations, breach of contract, casualty exposure, defamation, embezzlement, environmental damage, fraud and abuse, general liability, hazardous substance exposure, professional malpractice, securities violations, transportation liability, and worker’s compensation. The second step in risk management process is risk analysis. Risk analysis entails the evaluation of past experience and current exposure to eliminate or limit substantially the impact of risk on cash flow, community image, and employee and medical staff morale. The third step in risk management process is Risk Control/Treatment. Risk Control/Treatment is the organization’s response to significant areas, as well as its rejoinder to
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