Applying Risk Management Functions in Healthcare

Choose either a 24 page academic paper to explain risk management function, given a patient safety scenario.

Healthcare organizations have always searched for ways to identify and reduce risks. An organization’s ability to identify and analyze its risk exposure is a determining factor in the effectiveness of its risk management program (Hoarle, 2015). Early identification and analysis are essential.

Current healthcare risk management practices were developed in the mid-1970s as a result of a surge in malpractice suits. These suits caused rapid increases in claims costs for the industry, which later resulted in increased insurance premiums. Today, healthcare delivery systems and organizations realize the value of risk management and have developed formalized programs (Hoarle, 2015). In addition, organizations have established mechanisms to review potential incidents of risk and safety concerns (Pelletier & Beaudin, 2018). While risk management programs are responsible for daily management and risk operations, all healthcare stakeholders are responsible for participating in activities that will reduce unnecessary risks and improve safety and quality (Hoarle, 2015).

References

Hoarle, K. (2015). Risk management poised to grow as healthcare evolves. Biomedical Instrumentation & Technology, 49(6), 433435.

Pelletier, L. R., & Beaudin, C. L. (2018). HQ solutions: Resource for the healthcare quality professional (4th ed.). Wolters Kluwer.

Using what you’ve learned, explain a risk management function for the Vila Health: Patient Safety activity.

Step 1

Choose a scenario: patient identification, medication error, or HIPAA.

Academic Paper

Use the .

• Font and font size: Times New Roman, 12 point.
• Length: 24 double-spaced pages.
• APA format: Your submission, including the body, citations, and title and references pages, should conform to current APA format and style guidelines. Do make sure that it is clear, persuasive, organized, and well-written, without grammatical, punctuation, or spelling errors. You also must cite your sources according to current APA guidelines

1. Introduction.

• Briefly describe the Vila Health: Patient Safety scenario you selected.
• Explain the importance of risk management functions in healthcare settings.

1. Define key risk management terms.

• Risk prevention.
• Risk reduction.
• Regulatory compliance.
• Patient safety.
• Adverse event.
• Near miss.

1. Major risk categories and risk identification techniques in healthcare.

• Describe the major risk categories in a healthcare organization.
• Clinical risks.
• Operational risks.
• Financial risks.
• Compliance risks.
• Define what risk identification is and explain its importance in healthcare.
• Clinical audits.
• Incident reporting systems.
• Financial audits.
• Compliance audits.

1. Role of the risk manager.

• Analyze the risk manager’s role in effective management of the organization’s risk management program.
• What is the risk manager’s role in risk management program implementation and compliance?
• How can a risk manager impact the effective management of the organization’s risk management program?
• What is one example from the literature that shows how the risk manager role can positively impact a healthcare organization’s management of its risk management program?

1. Overview of specific risks

• Provide an overview of the risk to patients, employees, and organization if risk is not addressed, including a description, implications, and management strategies for your chosen scenario.

1. Evidence-based risk management strategies.

• Propose evidence-based risk management strategies and techniques to identify and eliminate or reduce a particular risk for your chosen scenario.

1. Importance of a risk management program.

• Explain the importance of a risk management program to healthcare organizations.
• Why is a risk management program important to an organization?
• What are some important elements of a risk management program?
• What is the organizational impact of not having a risk management program?

1. Conclusion.

Summarize the key points discussed in the assessment.

Reflect on the importance of a risk management plan in ensuring patient safety and organizational success.

Step 3

Find resources. You are expected to use at least two professional or academic resources from the library. For help searching the Capella Library, see the .

Please use this link for the library I’m am expected to use 2 resources from our schools library.

https://capellauniversity.libguides.com/bshca.