Risk Management Process Is Risk

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.

Risk management in the health care setting is multi-focused. In addition to mitigating risks inherent to clinical settings, it also serves to protect visitors and employees safety. Moreover, risk management is vital to protect the organization from losses, earning and retaining accreditation, and reducing the overall risk of doing business in the health care industry. At the heart of risk management is the manager who is responsible for maintaining a risk management plan and continually monitoring the outcome of the plan.

The proposed risk mitigation plan is based upon a culture of continuous improvement. This allows the clinic staff ownership in running and improving the business. Data will be reviewed at daily, weekly, monthly

Patient safety and risk management should be intertwined in the organization. Patient safety is where the patient does not experience unnecessary harm or pain or other suffering during their treatment (Youngberg, 2011). Minimizing risk is to decrease unnecessary losses or improve or implement process that will decrease adverse event (Youngberg, 2011). The Samantha Jones adverse event is a perfect example to enhance patient safety through improved process or project. To understand the event a root analysis needs to be done and action items are created from this analysis.

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

S., & Kavaler, F. (2014). Risk management in healthcare institutions: Limiting liability and enhancing care. Burlington, MA: Jones & Bartlett Learning.p. 138, 143

The Joint Commission has set forth standards for health care organizations to reduce the number of risks and amend the quality of care and the safety of the patient. Risk management and quality management focus on these attributes of the organization and the patient. Risks are impossible to avoid since it linked to everyday living and the workforce. Risk management must take the initiative to distinguish and oversee these risks. Due to the lack of consistency in the quality of care, health care organizations aim to reduce the negative outcomes of the patient safety through quality management methods. Internal and external factors may pose a risk that can have an impact on the organization and the consequence of the patient care and safety.

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.

The Joint Commission has set forth standards for health care organizations to reduce the number of risks and amend the quality of care and the safety of the patient. Risk management and quality management focus on these attributes of the organization and the patient. Risks are impossible to avoid since it linked to everyday living and the workforce. Risk management must take the initiative to distinguish and oversee these risks. Due to the lack of consistency in the quality of care, health care organizations aim to reduce the negative outcomes of the patient safety through quality management methods. Internal and external factors may pose a risk that can have an impact on the organization and the consequence of the patient care and safety.

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.

A risk assessment is put in place to protect service users, (within a care environment) employees and the business, as well as fulfilling with law. A risk assessment must be performed before any employees work within a job which exposes a risk of injury or ill-health. Risk assessments look after individuals so that they have their choices met in the safest possible way. The importance of a risk assessment is that it is a legal requirement of a health and safety legislation that needs to be carried out and documented in a risk assessment document; this has been proven to be a safe way to control infection if it is applied properly by all staff members. Risk assessment is about identifying the risks and putting things in place to reduce or remove the risks.

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.

In healthcare, risk management is an effective process for recognizing potential risks and utilize the appropriate strategy to ensure that the risks handled in the proper way. An efficient solution makes it effortless for organizations to respond immediately to a potential loss. Segregation of loss exposures is a risk control that management uses as a prevention to avoid the entire organization from suffering. Segregation of loss exposures protects the entirety of an organization from taking a loss by organizing a company assets and activities if a loss transpires. Resources that are separated are a way to ensure that an organization is safe, and their loss will not have an impact on other areas. For instance, if a company has a direct loss

Risk Management is a process of identifying hazards associated risks, controlling risks, and monitoring the effectiveness. The use of FMEA in health care was performed in the early 1990s. Since then, FMEA has been used in a variety of complex processes comprising of multiple steps that could result in failure. 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 FMEA is a method that examines potential failures in processes. It can also be used to evaluate risk management priorities for modifying potential problems. Risk management can help avoid or eliminate risks by identifying an alternate solution which eliminates the risk. Additionally, risk management can prevent or mitigate risk by planning a preventive action. This can help physicians improve quality or care for the patients while reducing costs for the health care system.