Risk Management

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Risk Management
Jennifer Sprague
HCS 451- Health Care Quality Management and Outcomes Analysis
May 16, 2011
Isamel Caicedo

When looking at organizations and the risks that they have to manage on a daily basis, we see where policies, procedures, and outcomes come into play. Though risks are different and challenge organizations in different ways, there are steps that every organization should take to identify and manage their risks. These risks that organizations take affect not only the organization but the stakeholders as well. There are types of education, training, and/or policies that help the hospital to mitigate risks within the organization. Through the risks that organizations take, the purpose of the risk management team shines through to prove that these organizations can compete with others and rise above other organizations. The main purpose of risk management in the health care organizations are described in Chapter 1 of the Risk Management Handbook stating, “… health care risk management has moved from a discipline focused almost exclusively on medical professional liability issues to a profession concerned with all risks associate with accidental losses facing a health care organization,” (Carroll, 2009). This statement shows the health care organizations not only are trying to protect their company as a whole, but everyone and everything involved. In the hospital setting, “providers have come to realize effective risk management and have developed formalized programs, this risk management has been moving towards the concept of enterprise risk management and considering the myriad of complex legal, regulatory, political business and financial risks,” (Carroll, 2009) that they are facing. The purpose of risk management in the hospital setting is not only to protect the organization and its…...

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