Risk Management

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Provide a high-level overview of your risk management program, as well as an overview of potential risk within the organization.

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1. Imagine that you are a manager in your organization's risk management department. Your department has recently hired and is onboarding a new director of risk management. She has asked that you provide her with a high-level overview of your risk management program, as well as an overview of potential risk within the organization. Write a 5–7 page paper in which you: • • • • Describe the major categories of risk in health care. o For each risk category identified, describe the appropriate risk identification technique (concurrent, retrospective, incident reporting, previous trends, et cetera). o Provide an example that illustrates each category and its corresponding technique. Explain the importance of the organization's risk management program to the following. Provide an example for each that illustrates its importance. o Risk prevention. o Risk reduction. o Regulatory compliance. o Patient safety. Analyze how the risk manager role impacts effective management of the organization's risk management program. o Describe the role of the risk manager. o Provide one example from the literature of how the role impacts effective management of the risk management program. Provide the director with an overview of a potential risk within the organization. o Identify a potential health care risk. o Identify how you would operationally identify and work toward eliminating or reducing the risk. o Analyze the implications for the organization if the risk is not addressed. Additional Requirements • Your paper will be a minimum of 5–7 double-spaced pages in length, not including title and reference pages. • Font: Arial 12-point. • Cite at least two references. • Format your paper according to APA style. • Submit a draft of your assignment to Turnitin. Using the Turnitin results, edit and finalize your assignment, and then upload it to the assignment area. Note: When you submit an assignment to Turnitin, it is not also submitted to the courseroom. You must do this separately. To fully understand how this assignment will be graded, be sure to carefully read the Overview of a Risk Management Program Scoring Guide.
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Running head: RISK MANAGEMENT

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Risk Management
Institution Affiliation
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RISK MANAGEMENT

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Introduction
Risk management is important in any organization. The theme of hazard administration
has been talked about over a drawn out stretch of time in a few settings. Like the name
recommends, the entire path of risk administration is to lessen the misfortunes and the harms that
an association could confront during the time spent doing their operations. Risk administration is
basic for the achievement of any association (American Society for Healthcare Risk
Management, 2006). It includes arranging and having a guide that tries to advance the
association. This can clarify why the issue of risk management has been a worry for some
associations in the economy. Organizations that have embraced risk management programs are
in a better position compared to those that have not incorporated risk management programs in
their organizations. The health care system is particularly one of the areas that are most affected
by risks. Having risk management programs will, therefore, ensure that these organizations run
as they ought to. At the same time, performance is improved when risks are managed effectively.
Major Categories of Risks in Healthcare
As stated earlier, the healthcare department is prone to very many risks. This is the core
reasons why risk management programs are critical for healthcare institutions. Some categories
of risks include risks in services delivery, finances, the human resource as well as technology.
Some of these risks include providing quality healthcare services to patients. There are a number
of factors that could hinder the delivery of high-quality health services to the potential patients
and other members of the public (Pinto, 2015). This scenario would be a very dangerous one
since it would mean that patients are not able to access high-quality health services. At the same
time, this would mean that health services deteriorate. This is why having a risk management

RISK MANAGEMENT

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plans in healthcare institutions is very important as it would help in preventing and managing
such problems.
Another risk that healthcare institutions may face is the risk of poor management. As a
result, this would lead to a number of factors including embezzlement of funds, poor service
delivery, poor decision making and unsatisfied customers among others. A good number of
healthcare institutions have gone to the drain for poor management. This has ensured that
healthcare organizations come up with ri...


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