RISK
MANAGEMENT
PRESENTATION
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Introduction
Healthcare may have a greater need for risk management than any other business.
In the majority of sectors, a business creates and puts into action risk management plans to stop and lessen financial losses.
A similar argument may be made for healthcare, but one that emphasises the security of patients above the security of their wallets.
The stakes are much greater in this business since risk management often determines life or death (Amantea, Di Leva & Sulis,2019).
According to the Safety and Health Executive's definition of "Sensible risk management in care settings, a risk assessment in the health and social care sector should take into account all reasonable hazards (Amantea, Di Leva & Sulis,2019).
HOW TO MANAGE RISK
The field of risk management is vast. Loss control is the process of taking action to lessen the chance of anything going wrong.
In addition, it entails investing in insurance to lessen the financial toll that unfavourable occurrences have on a business when they do occur, despite your best efforts (Bakar, et al,2019).
Nobody enjoys contemplating what may go wrong.
However, the manager must be aware of the dangers the company is exposed to be an effective risk manager.
Because they can't manage risks effectively unless they recognise the hazards, Information Institute for Insurance.
Professionals in the health and social care fields should conduct risk assessments. Before the treatment plan can begin, a risk assessment must be conducted.
HEALTH CARE RISK MANAGEMENT PRINCIPLE CONCEPTS
Approved Development
Created with the goal of keeping the company's possessions safe.
To consider all potential threats to an organization's operations.
Consistent with the overarching purpose of the business.
It incorporates a comprehensive framework to let the business see, discuss, and deal with its potential hazards.
Follows the steps outlined in the Week One Strategy Guide for the University of Phoenix Course (Atallah & Goffman,2020).
In response to The Institute of Medicine's ("IOM") research entitled "To Error is Human: Building a Safer Health Care System," healthcare companies now use a variety of risk management procedures and procedures.
THE HEALTH CARE INDUSTRY FACTORS THAT AFFECT RISK MANAGEMENT.
Clinical, regulatory, environmental, and...