Assignment #2
Choose either a 2–4 page academic paper or a 8–10 slide PowerPoint presentation with audio to explain risk management function, given a patient safety scenario. Healthcare organizations have always searched for ways to identify and reduce risks. An organization's ability to identify and analyze its risk exposure is a determining factor in the effectiveness of its risk management program (Hoarle, 2015). Early identification and analysis are essential.
Current healthcare risk management practices were developed in the mid-1970s as a result of a surge in malpractice suits. These suits caused rapid increases in claims costs for the industry, which later resulted in increased insurance premiums. Today, healthcare delivery systems and organizations realize the value of risk management and have developed formalized programs (Hoarle, 2015). In addition, organizations have established mechanisms to review potential incidents of risk and safety concerns (Pelletier & Beaudin, 2018). While risk management programs are responsible for daily management and risk operations, all healthcare stakeholders are responsible for participating in activities that will reduce unnecessary risks and improve safety and quality (Hoarle, 2015).
References
Hoarle, K. (2015). Risk management poised to grow as healthcare evolves. Biomedical Instrumentation & Technology, 49(6), 433–435.
Pelletier, L. R., & Beaudin, C. L. (2018). HQ solutions: Resource for the healthcare quality professional (4th ed.). Wolters Kluwer.
Using what you've learned, explain a risk management function for the Vila Health: Patient Safety activity.
Step 1
Choose a scenario: patient identification, medication error, or HIPAA.
Step 2
Choose a format for this assessment.
Academic Paper
Use the Applying Risk Management Functions in Healthcare Template [DOC].
- Font and font size: Times New Roman, 12 point.
- Length: 2–4 double-spaced pages.
- APA format: Your submission, including the body, citations, and title and references pages, should conform to current APA format and style guidelines. Do make sure that it is clear, persuasive, organized, and well-written, without grammatical, punctuation, or spelling errors. You also must cite your sources according to current APA guidelines.
PowerPoint Presentation With Audio
Use the Applying Risk Management Functions in Healthcare PowerPoint Template [PPTX].
- Length: 5–7 minutes, 8–10 slides, including title and reference slides. Use 3–5 bullet points per slide, 5–7 words per bullet, using size 24 font.
- Speaker notes: Be sure to include speaker notes with your slides. These notes provide the opportunity for you to expand on the information you are highlighting in your slides. Speaker notes should use size 12 font and be single-spaced, paragraph-indented.
- APA format: Your submission, including the body, citations, and title and references pages, should conform to current APA format and style guidelines. Do make sure that it is clear, persuasive, organized, and well-written, without grammatical, punctuation, or spelling errors. You also must cite your sources according to current APA guidelines.
For recording the presentation, choose Kaltura or similar software. You may find it useful to review the following resources:
Step 3
Find resources. You are expected to use at least two professional or academic resources from the library. For help searching the Capella Library, see the Health Care Administration Undergraduate Library Guide.
- Introduction.
- Briefly describe the Vila Health: Patient Safety scenario you selected.
- Explain the importance of risk management functions in healthcare settings.
- Define key risk management terms.
- Risk prevention.
- Risk reduction.
- Regulatory compliance.
- Patient safety.
- Adverse event.
- Near miss.
- Major risk categories and risk identification techniques in healthcare.
- Describe the major risk categories in a healthcare organization.
- Clinical risks.
- Operational risks.
- Financial risks.
- Compliance risks.
- Define what risk identification is and explain its importance in healthcare.
- Clinical audits.
- Incident reporting systems.
- Financial audits.
- Compliance audits.
- Describe the major risk categories in a healthcare organization.
- Role of the risk manager.
- Analyze the risk manager's role in effective management of the organization's risk management program.
- What is the risk manager's role in risk management program implementation and compliance?
- How can a risk manager impact the 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 healthcare organization's management of its risk management program?
- Overview of specific risks
- Provide an overview of the risk to patients, employees, and organization if risk is not addressed, including a description, implications, and management strategies for your chosen scenario.
- Evidence-based risk management strategies.
- Propose evidence-based risk management strategies and techniques to identify and eliminate or reduce a particular risk for your chosen scenario.
- Importance of a risk management program.
- Explain the importance of a risk management program to healthcare organizations.
- Why is a risk management program important to an organization?
- What are some important elements of a risk management program?
- What is the organizational impact of not having a risk management program?
- Conclusion.
Summarize the key points discussed in the assessment.
Reflect on the importance of a risk management plan in ensuring patient safety and organizational success.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:
- Competency 1: Analyze the quality and performance improvement activities within a healthcare organization.
- Analyze the risk manager's role in effective management of the organization's risk management program.
- Competency 2: Explain risk management function in a healthcare organization.
- Define key risk management terms.
- Describe the major risk categories in a healthcare organization, along with their corresponding risk identification techniques.
- Explain the importance of a risk management program to healthcare organizations.
- Competency 5: Communicate in a manner that is scholarly, professional, and respectful of the diversity, dignity, and integrity of others and is consistent with the expectations for healthcare professionals.
- Use correct grammar, punctuation, and mechanics as expected of an undergraduate learner.
- Writing adheres to APA formatting rules and APA writing style with few or minor errors.