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Risk Management

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This solution provides the learner with an understanding of issues associated with risk management within a medical facility. In particular, this solution addresses ideas and concepts that would be discussed at an annual risk management meeting and identifies particular risks overlooked by health care managers.
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If I was running the risk management meeting, I would address risk by breaking it down into three separate components that cover medical facility operations.

The first component involves those activities related to risk identification and loss prevention. Generally, these activities include the identification and correction of situations or problems which may give rise to events or incidents of potential liability for the hospital, its employees, physicians and other health care providers. These activities are vital to successful risk management since in most cases, the cost of preventing a liability claim is far less than the cost of resolving the claim after it occurs. …

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