RISK MANAGEMENT

Assignment

Assignment

Answer 1

Four steps in the risk management process are as follow:

Risk Identification: It involves the collection of information about current and past patient care occurrences and other events that present potential loss to the institution.

Risk Analysis: It entails the evaluation of past experience and current exposure to eliminate or limit substantially the risk on cash flow, employee and medical staff morale, and community image.

Risk Control/Treatment: Organization's response to significant risk areas, as well as its rejoinder to limit the liability associated with incidents that have occurred.

Risk Financing: Appropriate identification of risk requires prospective retrospective organizational analysis of the direct ...