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Risk Management in Health Care Organizations - Term Paper Example

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In the paper “Risk Management in Health Care Organizations” the author analyzes control and visibility on medical external and internal health care risks. Many organizations have increasingly been sensitized to control their operations and identify areas of risks among their medical staff.
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Risk Management in Health Care Organizations
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Download file to see previous pages Health care organizations are seeking to systemically identify prioritize, measure and respond to all types of health care risks facing the organization by putting in place a highly effective and co-coordinated system which harmonizes departmental risks. The Compliance 360’s Risk Management Solution is an ideal proposition which will go a long way in assisting the organization to coordinate key elements of each department with regards to organization wide risk management. Compliance 360 systems automate processes with regards to risk assessment and monitoring alongside risk response management strategy. The system links risk management data to activities of compliance while providing a global insight to all risk prone activities via an executive dashboard. The management team is able to assess the problematic areas quickly and proactively adjust activities to respond to the problems and track response progress through automated alerts and reports.
Compliance 360 Risk Management solutions basically facilitates all facets of risk management while including features such as customized solutions, visual risk framework representations and workflow enabled risk control tests and assessment processing with executive level reporting and visibility. The systems seek to be beneficial to health care organizations that are rapidly growing and being assessed with respect to their risk management capabilities. Health care organizations are from time to time assessed by rating agencies to ascertain their bond and credit ratings. The Compliance 360 risk management solution will generally go a long way in helping the organization to proactively demonstrate initiatives to risk management and help improve and preserve its ratings as compared to other health care organizations in the market. Compliance 360 risk management solutions provide real time reports and graphical representation on a home page that configurable with the capability of highlighting exceptions to compliance. The systems capability examines detailed specific activities in breach and compliance of set out laws, standards and regulations. The tool enables executive update by providing real-time tools for reporting comprehensive information in a centralized manner. Although, executives may use this in decision making and organization wide coordination, the information is highly relevant to centralized risk management professionals functions. Through the system, the professionals can effectively carry out risk management and quality control functions among the health care staff. The centralization of risk management is alluded to the position of risk management professional whose task are basically emphasize on developing operating procedures and standards of the organization as a whole. These tasks are best performed in a centralized system that would enable promotion of health care quality, quality improvement initiatives, handling patient’s complaints, monitoring and evaluating staff credentials. Risk management functions require ...Download file to see next pagesRead More
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