Risk Management Services"POSITIVE AVOIDANCE OF NEGATIVE RESULTS"Risk management is traditionally defined as the science for the identification, evaluation, and treatment of the risk of financial loss. Specific to healthcare, the majority of risk of financial loss is directly correlated with patient loss. Minimizing this exposure effectively aims to “protect” the healthcare organization, which is the ultimate objective of risk management. A useful risk management plan will place concentration on addressing risk both proactively and reactively. More precisely, focus must be placed on the ongoing recognition and treatment of potential risks and the effective handling of incidents upon their occurrence. It is this active employment of specifically designed activities and measures that will enable an organization to safely sustain and achieve its growth objectives. For purposes of our analysis, the overall process of risk management has been broken down into two categories: Corporate Risk Management is the general practice of analyzing, minimizing, and treating risk within an organization. This process features various components, which allow for functional customization to suit specific needs and goals. Clinical Risk Management deals primarily with loss control and loss prevention, and is typically most influential and applicable in treating risk within the healthcare industry. |
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