Homework # 5 HCA 468-CSULB • • • • Use font Times New Roman, Font size: 12 Write your name, course #, date, and school name Submit to the Dropbox on BeachBoard by the due date Write the question and the answer Chapter 11: Enterprise Risk Management (Answer any 3 questions) 1. Much has been written about the impact on individuals associated with the financial and banking crisis of 2009 but describe in detail specific ways in which the healthcare industry was also impacted. 2. Describe the process steps which a risk manager or chief risk officer must take to develop an enterprise risk management program. 3. Describe the concept of Enterprise Risk Management 4. Articulate the goals and benefits of Enterprise Risk Management 5. Distinguish between speculative risk and pure risk 6. Define the concept of risk correlation 7. Explain the value of using risk domains to help set accountabilities for managing specific types of risk 8. Identify and define specific risk domains within healthcare 9. Describe the impact which the recent global financial crisis has had on healthcare 10. Describe the steps necessary to establish an enterprise risk management program 11. Define the characteristics of high reliability organizations Chapter 12: Developing an RFP and Selecting and Working with Insurance Service Providers (answer any 3 questions) 1. Describe the various types of data which a risk manager would collect as part of the annual submission process and the purpose of each. 2. Describe the various options available for a risk financing program. If you were a large complex organization with multiple business entities, which would you choose and why? 3. Articulate the basic goal of risk financing 4. Define the materials that should be developed to target the needs of the organizations with the competencies of an appropriate insurance broker 5. Describe the options for broker compensation and the value or detriment of each 6. Describe the role of the actuary in the risk financing process 7. Describe the purpose of a loss analysis model 8. Describe the various models for risk financing and the benefits and limitations of each
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