Instructions You will create this assignment following the Assignment Detail instructions below.This assignment will be submitted in the Unit3 - Submission Assignment lesson in intellipath. Review the...

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Instructions

You will create this assignment following the Assignment Detail instructions below.This assignment will be submitted in the Unit3 - Submission Assignment lesson in intellipath.


Review the tutorial titledHow to Submit the Intellipath Submission Assignment.


Please submit your work to this week’s Intellipath Unit Submission lesson. Click the Upload button within the submission lesson to access the submission area. Click the Select File button to upload your document, and then click "OK" to finish.


Assignment Details


For this assignment, make the case for using an Enterprise Risk Management Process (ERP) approach to risk in a healthcare organization and why adopting a culture focused on ERP is essential to risk management in healthcare organizations.


Consider all of the following in your argument:



  • What is Enterprise Risk Management?

  • How does ERP reduce risk?

  • What are the components of a good Enterprise Risk Management Process?

  • Who is responsible for the Enterprise Risk Management Process?

  • Why do healthcare organizations benefit from an Enterprise Risk Management Process?


The use of 3 scholarly sources (e.g., textbook, article from the CEC Library) is required.


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Answered Same DaySep 25, 2020UNIT 3

Answer To: Instructions You will create this assignment following the Assignment Detail instructions below.This...

Soumi answered on Sep 27 2020
137 Votes
Running Head: ENTERPRISE RISK MANAGEMENT PROCESS (ERP)    1
ENTERPRISE RISK MANAGEMENT PROCESS (ERP)    2
HEALTHCARE
ENTERPRISE RISK MANAGEMENT PROCESS
(ERP)
Table of Contents
Enterprise Risk Management Process (ERP) Approach in Healthcare Organization and Its Significance in Risk Management    3
Enterprise Risk Management    3
Role of ERP in Decreasing Risks    3
Components of an Effective ERP    4
Responsible Personnel for ERP    4
Advantages to Healthcare Organizations due to ERP    4
References    5
Enterprise Risk Management Process (ERP) Approach in Healthcare Organization and Its Significance in Risk Management
Enterprise Risk Management Process (ERP) is a system that helps the management to frame a series of steps or procedure that help the organization to combat with risk issues. As informed by da Silva Etges, Grenon, de Souza, Neto and Felix (2018), in case of healthcare organizations, ERP comprises of a set of strategies that are responsible for safeguarding the entire organization, which is the enterprise, from organizational risks, prevent their occurrences and identify beforehand, the factors or actions that could lead to those risks.
As an example, Massachusetts General Hospital in Boston can be cited, which has implicated this approach very efficiently and has also been successful in reducing the number of risk incidents in the hospital. They use NVivo, which is a risk-identifying and risk-managing software to abate the issue (Massachusetts General Hospital, 2018)....
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