Risk Management Plan For Healthcare Facilities - 1834 Words

Risk management plans are an important component in any organization, but especially in medical facilities. In order to reduce or avoid losses; a risk management plan needs to be in place. It is pertinent to have a risk management plan available for employees to review and the plan should be revisited at the very least; annually so updates can be made to the plan. Purpose of the Risk Management Plan A risk is defined in the Merriam Webster’s Collegiate Dictionary (2006) as a â€Å"possibility of loss or injury; to expose to hazard or danger.† Risk management is the act of evaluating and identifying problems that can arise. Also, identifying ways to void or overcome these problems. The purpose of this risk management plan is to identify certain crises, disasters that may occur in the healthcare facility. The risk management plan will outline the risks associated with the organization and define how these risk management actions. Goals of the Risk Management Plan There are many risks associated with healthcare facilities. The risk management plan is designed to weigh out the costs and consequences of risks. Some of the goals are to alleviate the spread of disease and infection in the facility, ensure the safety of the patients that are being seen in the facility. Another goal of the healthcare facility is to align the decision authority to the level of risk. Moreover, it is important to ensure that the right individuals are overseeing the appropriate tasks. The risk managementShow MoreRelatedHCS451 Risk Assessment Summary811 Words   |  4 Pagesis a 40 bed skilled nursing facility, specializing in Alzheimers and dementia patients. The management team at Agape has decided to make risk management a focus in the upcoming year, and has hired a consultant to perform an assessment and formulate a plan for risk management. Long term care facilities serve over 3 million Americans, and that number is growing every year. (Rubbens, 2007)With the boom in the need for long term care, comes more risks. Risk management is designed to mitigate safetyRead MoreRisk Management Success1448 Words   |  6 Pagesï » ¿ Risk Management Programs: Maintaining Success John Smith HLT-308V-O101 July 10th 2014 Prof. Morgan Risk Management Programs: Maintaining Success The paper is intended to inform the reader of the steps that a risk management program should take in order to ensure that safety and security are upheld. The security and protection of information is more difficult than ever before due to the expanse of technology that is used in the world. Information can be hacked in to and utilized for fraudulentRead MoreRisk Management Plan For Community Hospital1581 Words   |  7 PagesRisk Management Plan for Community Hospital Mission Statement The Springfield Community Hospital was established on the belief that medicine can be practice at a higher level with each passing day. The belief is to continue to serve our community by practicing the highest quality of medicine known to the world, today. We will serve our community in sickness and health, regardless of where they come from in their walk of life. The Springfield Community Hospital is a non-profit organization and continuesRead MoreThe Delivery Of Health Services1120 Words   |  5 PagesThe St. Mark’s Hospital Risk Management Plan assists in achieving this goal by continually identifying and reducing risk exposures to all members of our hospital community in accordance with applicable federal and state statutes and regulations, as well as the standards set forth by the Joint Commission on Accreditation of Healthcare Organizations. 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Proper risk Management defined in healthcare means patientRead MoreWhy The Capital Cycle Affects The Operational Budget1525 Words   |  7 Pagespurpose of my paper is to explain the importance of the capital cycle and why healthcare executives need to know and determine how the capital cycle impacts the operational budget. Within my paper, I will explain the capital standard approval process to include all the individuals involved in the process. I will discuss the essential characteristics of a financially successful organization, along with how healthcare managers should apply these traits when operating the capital cycle of their organizationRead MoreQuality Management at Johns Hopkins Hospital1490 Words   |  6 PagesQuality Management at Johns Hopkins Hospital Quality Management Introduction Quality management is the process that builds upon conventional quality assurance methodologies by emphasizing organizational structures and their systems. 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The Chronic Care Model (CCM) uses a systematic approach to restructuring medical care to create partnershipsRead MoreHealth Employer Data And Information Set866 Words   |  4 Pagesis a data collecting instrument that the National Committee for Quality Assurance (NCQA) uses to compare healthcare services on a side by side evaluation. HEDIS is also a nonprofit organizations that care about patient safety and accreditation. HEDIS is an accreditation program that was initiated in 1991 as a centralized database for employers to assess the quality of insurance and healthcare providers nationwide. HEDIS forth strict regulations and benchmarks that must be met and sustained in orderRead MoreThe Facility s Risk Management Program1127 Words   |  5 Pages Describe and discuss the facility s Risk Management program. Do you feel their Risk Management program is adequate? Compare and critique the subject facility s Risk Management program to that of a model facility and whether the facility adheres to the recognized standard for risk management. Identify areas for improvement in the facility s Risk Management program, if any, and any recommendations you think should be implemented to lower risks in the facility. Give valid reasons for your answer