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Risk Management Policy & Procedure & Analysis
Your Name
BHA4004
Date:
PART 1
| Risk Management Policy and Procedure | |
| Title: Risk Management Plan | P&P #: Assignment 2 |
| Approval Date: | Review: Annual |
| Effective Date: |
|
Risk Management Policy and Procedure
Purpose Statement
[Write a Purpose Statement here. How can a risk management program help this organization advance its strategic safety and quality goals?]
Key Risk Management Terms
[Provides comprehensive definitions of key risk management terms (see Scoring Guide for levels of discussion.]
Risk prevention :
Risk reduction :
Regulatory compliance :
Patient safety :
Adverse event :
Near miss :
Major Risk Categories and Risk Identification Techniques:
[Describe the major risk categories in a healthcare organization, along with their corresponding risk identification techniques (e.g., financial, human capital, clinical, strategic, and legal/ethical.) What risk management strategies will the organization use to identify potential organizational risks. Review the Instructions for additional information. What are examples of risk categories and their appropriate corresponding risk identification techniques? Review the Instructions for additional information.]
Financial:
Human Capital:
Clinical:
Strategic:
Legal/Ethical:
Risk Manager’s Role In Program Implementation and Compliance
[What is the risk manager’s role in risk management program implementation and compliance? How can a risk manager impact 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 health care organization’s management of its risk management program?]
Part 2 – Application of Risk Management Principles – Specific Incident
[Provide a brief introduction to this portion of the paper. Part 2 of the assignment should be 3-4 pages, double spaced, much like an APA paper would look. Before you begin, review the “Instructions” and “Scoring Guide” to understand the difference between “Distinguished”, “Proficient”, “Basic” and “Non-Performance”. These “Scoring Guides” are used to grade the assignment. Parts 1 & 2 should be a total of 6-8 pages, excluding the Cover and Reference Pages. Delete all statements within brackets, such as this paragraph, and replace with your discussion.]
Risk Description
[Provide an overview of the risk (using the same risk you selected in the Week 2 Assignment). Describe which potential risk to your organization from the Vila Health: Patient Safety simulation are you analyzing? What are the risks to the patients, employees, and organization if this risk is not addressed? What risk management strategy(ies) and techniques will the organization employ to identify this type of risk in the future? What other strategies might the organization employ to identify the risk? Be sure to include your rationale for choosing the particular strategies.]
Evidence-Based Risk Management Strategies To Reduce/Eliminate
[What evidence-based (supported by current literature) risk management best-practices or strategies could the organization employ to eliminate or reduce the risk in future? What steps would you take to implement your plan to eliminate or reduce your selected risk?]
Importance of a Risk Management Program
[Explain the importance of a risk management program to health care organizations. This discussion might include: What are some important elements of a risk management program? Why is a risk management program important to the organization? What is the organizational impact of not having a risk management program?]
References
[Lastname, C. (2008). Title of the source without caps except Proper Nouns or: First word after colon. The Journal or Publication Italicized and Capped, Vol# (Issue#), Page numbers.
Lastname, O. (2010). Online journal using DOI or digital object identifier. Main Online Journal Name, Vol#(Issue#), 159-192. doi: 10.1000/182
Lastname, W. (2009). If there is no DOI use the URL of the main website referenced. Article Without DOI Reference, Vol#(Issue#), 166-212. Retrieved from http://www.mainwebsite.org
NOTE: The above references are SAMPLES ONLY. For more information and example related to references, visit Capella’s Writing Center. YOU ARE RESPONSIBLE FOR SUBMITTING APPROPRIATE IN-TEXT AND REFERENCE PAGE CITATIONS.]
Certainly! Below is a template for your Risk Management Policy & Procedure and Analysis document, with sample text and placeholders where you can add specific details relevant to your assignment.
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# Risk Management Policy & Procedure & Analysis
Your Name
BHA4004
Date:
## PART 1
### Risk Management Policy and Procedure
**Title:** Risk Management Plan
**P&P #:** Assignment 2
**Approval Date:** [Insert Date]
**Review:** Annual
**Effective Date:** [Insert Date]
### Purpose Statement
The purpose of this Risk Management Plan is to establish a comprehensive framework for identifying, evaluating, and mitigating risks within [Organization Name]. A well-structured risk management program is essential for advancing the organization’s strategic goals related to safety and quality by proactively managing potential threats that could compromise patient safety, regulatory compliance, and overall organizational performance.
### Key Risk Management Terms
– **Risk Prevention:** Strategies aimed at avoiding the occurrence of risks by implementing proactive measures.
– **Risk Reduction:** Efforts focused on minimizing the impact or likelihood of risks that cannot be entirely prevented.
– **Regulatory Compliance:** Ensuring that the organization adheres to laws, regulations, and standards governing healthcare practices.
– **Patient Safety:** Protecting patients from harm during the provision of healthcare services.
– **Adverse Event:** An incident resulting in harm to a patient, often due to an error or system failure.
– **Near Miss:** An event that could have resulted in harm but did not, either by chance or timely intervention.
### Major Risk Categories and Risk Identification Techniques
– **Financial:** Risks related to financial losses, such as revenue shortfalls or cost overruns.
*Risk Identification Techniques:* Financial audits, budget reviews, and economic forecasting.
– **Human Capital:** Risks involving personnel, including staffing shortages, burnout, or compliance with labor laws.
*Risk Identification Techniques:* Employee surveys, exit interviews, and performance evaluations.
– **Clinical:** Risks associated with patient care, such as medical errors or infection control issues.
*Risk Identification Techniques:* Incident reporting systems, root cause analysis, and clinical audits.
– **Strategic:** Risks that could impact the organization’s ability to achieve its long-term goals.
*Risk Identification Techniques:* SWOT analysis, strategic planning sessions, and market analysis.
– **Legal/Ethical:** Risks related to legal liabilities or ethical breaches, including malpractice claims or violations of patient rights.
*Risk Identification Techniques:* Legal reviews, ethics committee evaluations, and compliance monitoring.
### Risk Manager’s Role in Program Implementation and Compliance
The risk manager plays a pivotal role in the implementation and compliance of the risk management program by leading risk assessments, developing mitigation strategies, and ensuring adherence to regulatory requirements. Effective management of the program can significantly reduce the likelihood of adverse events and improve patient outcomes. For example, a study by [Author Last Name] (Year) demonstrated that active involvement of risk managers in healthcare organizations leads to a measurable decrease in the frequency of preventable medical errors.
## Part 2 – Application of Risk Management Principles – Specific Incident
[Provide a brief introduction to this section, explaining its focus on the application of risk management principles to a specific incident.]
### Risk Description
The risk being analyzed is [specific risk from the Vila Health: Patient Safety simulation]. This risk poses significant threats to patient safety, employee well-being, and the organization’s reputation. If not addressed, potential consequences include [describe the specific risks to patients, employees, and the organization]. The organization will employ risk identification techniques such as [techniques] to identify this risk in the future. Additional strategies may include [other strategies], which are chosen for their effectiveness in early detection and mitigation.
### Evidence-Based Risk Management Strategies to Reduce/Eliminate
To address this risk, the organization could implement evidence-based strategies such as [strategy 1], which is supported by [cite current literature]. This approach could reduce the risk by [describe how]. Another strategy, [strategy 2], involves [describe the strategy], which has been shown to [cite evidence]. To implement these strategies, steps would include [detailed steps for implementation], ensuring that the risk is systematically managed and reduced.
### Importance of a Risk Management Program
A robust risk management program is vital to healthcare organizations for several reasons. Key elements of such a program include [describe elements]. The absence of a risk management program can lead to increased incidence of adverse events, regulatory non-compliance, and financial losses, which can compromise the organization’s ability to provide safe and effective care. Moreover, the proactive identification and management of risks protect the organization from potential liabilities and enhance overall patient care.
## References
[Lastname, C. (2008). Title of the source without caps except Proper Nouns or: First word after colon. The Journal or Publication Italicized and Capped, Vol# (Issue#), Page numbers.]
[Lastname, O. (2010). Online journal using DOI or digital object identifier. Main Online Journal Name, Vol#(Issue#), 159-192. doi: 10.1000/182]
[Lastname, W. (2009). If there is no DOI use the URL of the main website referenced. Article Without DOI Reference, Vol#(Issue#), 166-212. Retrieved from http://www.mainwebsite.org]
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**Note:** Replace placeholders with specific information related to your assignment and references relevant to your research. Make sure to adhere to the specific guidelines and format requirements provided by your instructor.
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