Description
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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Explanation & Answer
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Running head: RISK MANAGEMENT
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Risk Management
Institution Affiliation
Date
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...