The Facility 's Risk Management Program

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

The quality department has developed this manual to introduce new employees to the basic concepts of risk and quality management within the institution. This manual meets the institution’s initiative for continuous quality improvement within each department and the opportunity to mitigate areas of risk whenever possible. In order to accomplish this goal, it is important for the new employee to be able to identify what quality improvement and risk management mean within the institution. The institution believes that when employees are aware of these concepts, decision-making processes can be put in place to reduce risk and improve quality. This manual will also review the challenges that come from risk- and quality-management decisions especially in the health care setting. The new employee will be introduced to a variety of tools available to help assess potential problems, determine whether a change is needed and how to institute these changes through informed decision making. A clear understanding of how to use these tools will help the institution reach their goals of patient-centered care while providing a safe environment. Risk and quality management initiatives have the potential to save lives and save the institution money. The institution believes that successful risk and quality management is achieved only through employee awareness and incentives to provide a culture of safety.

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.

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

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.

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 this summary, the team discusses risk and quality management and the roles in ensuring the safety of the organization while focusing on initiating and implementing risks by improving the patient safety. Risk management is the recognition of anything or anyone who can cause harm to an organization. For instance, an organization finances or a technical issue would be a risk. Quality management aims to find the motive of the risks and develop a plan to improve the patient quality of care. Previously risk and quality management was set apart from each other but team up to communicate for the overall success of an organization. In addition, the team also discusses the impact of risk and quality management on health outcomes. Both risk and quality

Risk management is defined as the orderly procedure of recognizing, assessing, analyzing and tending to get rid of potential risks that exist within the organization. To make it more simple and understandable risk management is the procedure to secure the advantages by maximizing modern techniques to minimize the risk that might lead to the breach of information privacy and information security. Managing risk is a proactive function of any organization. The concept of risk management has been initialized in hospitals from 1977. In any well-developed risk management program though the target is to have a risk free environment there must be a couple of processes exist those are Risk identification and Risk control.

The contents of this report reflect the current environment and culture of Little Falls Hospital, in regards to risk management at multiple levels of this institution. It is without question, that regardless of the classification of our facility, or the specialty care that is provided, we are a major component of our local, regional and national health care system. Therefore, it is essential that we must assess and prioritize any risk that may be associated with our business operations. This includes an assessment of sub-organizations or departments that comprise our business configuration or operational model, and external components that may provide services, or are an essential functional part contributing to our business success.

The purpose of this section is to determine how I will perform the risk management process, who will be assigned to the risk management process, the budget, definitions of risk and impact,

It will grade risks based on its seriousness and likelihood of happening in the business.

Each event will have risks, no matter what size or nature of the event. It is very important for the event organiser to identify and manage these risks. A proper Risk Management can effectively manage and reduce risks. For Children’s Day, there are several noticeable Health and Safety issues pertaining to the event because much more kids and minors will present on the event. In order to know what risks need to be managed and controlled, it is necessary to pre-plan Event Health & Safety – with a focus on hazard register. The following table (Table 4-1) illustrates the hazard register for this event (Event Risk Assessment Example / 04).

Risk management is considered one of the most important parts in healthcare, as it implements strategies to reduce financial loss and patient safety. Risk management is defined as ‘ the assessment and removal or control of hazard to patients, employees or institutions’ (Medical Dictionary, n.d.). Risk management strategies should be introduced throughout the hospital and ensure compliance from all levels of staff. The strategies are designed to identify, monitor, and manage risks including fraud while ensuring insurance arrangements are adhered to (Audit and Risk Committee Terms of Reference, 2015). If any hazard is deemed a risk it must be documented and reviewed, with the strategy altered to ensure patient and

Discuss the risk management process presented in the course text (Page 8 of session 1). Apply it to a specific risk present in your own workplace and pay particular attention to any secondary risks that may be introduced.

Please describe the full risk management lifecycle and each step. Provide detail on the weaknesses of each step and what could be done to improve each step. Please do this in at least 150 words