Podcast
Questions and Answers
Which of the following best describes the role of a risk manager in healthcare operations?
Which of the following best describes the role of a risk manager in healthcare operations?
- Directing marketing and public relations efforts.
- Overseeing human resources and employee relations.
- Identifying potential sources of loss faced by the organization. (correct)
- Managing patient billing and coding processes.
Which element is most indicative of enterprise risk management?
Which element is most indicative of enterprise risk management?
- Ignoring risks that are difficult to quantify.
- Focusing solely on financial risks to maximize profitability.
- Addressing risks in silos within each department.
- Managing risks holistically, considering all forms of risk. (correct)
Why is organizational commitment and support essential for a Risk Management Program (RMP)?
Why is organizational commitment and support essential for a Risk Management Program (RMP)?
- It guarantees compliance with regulatory requirements.
- It fosters a culture of safety and accountability. (correct)
- It simplifies the process of risk assessment.
- It ensures that the program is adequately funded.
Why is regularly updating a risk management plan important for healthcare organizations?
Why is regularly updating a risk management plan important for healthcare organizations?
What is the primary reason for having accurate and comprehensive job descriptions for risk management staff?
What is the primary reason for having accurate and comprehensive job descriptions for risk management staff?
Which activity is essential when managing risk within a healthcare organization?
Which activity is essential when managing risk within a healthcare organization?
Which of the following can evaluate RM program effectiveness?
Which of the following can evaluate RM program effectiveness?
What is the purpose of risk reduction strategies in a Risk Management Program?
What is the purpose of risk reduction strategies in a Risk Management Program?
Which of the following is a key attribute of a successful Risk Management Program?
Which of the following is a key attribute of a successful Risk Management Program?
Which element falls under the scope of a Risk Management Program?
Which element falls under the scope of a Risk Management Program?
Which risk is an example of patient care-related risk?
Which risk is an example of patient care-related risk?
Which of the following exemplifies a risk associated with medical staff?
Which of the following exemplifies a risk associated with medical staff?
What is the primary focus of managing employee-related risks in healthcare?
What is the primary focus of managing employee-related risks in healthcare?
What is the main goal of including 'essential functions' in business continuity risks?
What is the main goal of including 'essential functions' in business continuity risks?
What is the legal duty for healthcare trustees?
What is the legal duty for healthcare trustees?
What is the meaning of 'duty of care'?
What is the meaning of 'duty of care'?
What signifies the liability concern for board members as it relates to 'corporate' actions?
What signifies the liability concern for board members as it relates to 'corporate' actions?
How does the Risk Manager aid the board?
How does the Risk Manager aid the board?
What is the first step in a Risk Management Program, regarding risk exposure?
What is the first step in a Risk Management Program, regarding risk exposure?
Which factor helps an organization select an appropriate Risk Management Program?
Which factor helps an organization select an appropriate Risk Management Program?
A healthcare system experiences frequent data breaches that expose patient information. Which type of ERM risk is most directly highlighted by this situation?
A healthcare system experiences frequent data breaches that expose patient information. Which type of ERM risk is most directly highlighted by this situation?
What characterizes 'high-volume' events when identifying and analyzing loss exposure?
What characterizes 'high-volume' events when identifying and analyzing loss exposure?
What is the purpose of incident reporting?
What is the purpose of incident reporting?
How does 'occurrence reporting' differ from 'occurrence screening'?
How does 'occurrence reporting' differ from 'occurrence screening'?
When prioritizing assessed risks, what should an initial risk analysis provide?
When prioritizing assessed risks, what should an initial risk analysis provide?
A hospital decides to close its pediatric unit due to financial constraints, transferring all pediatric patients to a nearby hospital. Which risk management technique is being applied?
A hospital decides to close its pediatric unit due to financial constraints, transferring all pediatric patients to a nearby hospital. Which risk management technique is being applied?
What is the objective when a hospital implements & monitors?
What is the objective when a hospital implements & monitors?
What is the purpose of well-written guidelines for managing risks in Policies & Procedures (P&Ps)?
What is the purpose of well-written guidelines for managing risks in Policies & Procedures (P&Ps)?
What is the purpose of education action plans?
What is the purpose of education action plans?
Of the healthcare safety programs, with which is 'HAZMAT' associated?
Of the healthcare safety programs, with which is 'HAZMAT' associated?
What is the HCQIA established to protect regarding peer review?
What is the HCQIA established to protect regarding peer review?
Which statement is correct?
Which statement is correct?
What should a hospital-informed consent policy and procedure indicate?
What should a hospital-informed consent policy and procedure indicate?
What are the common strategies for dealing with identified risks?
What are the common strategies for dealing with identified risks?
Why is 'maintain confidentiality and ethical issues' relevant?
Why is 'maintain confidentiality and ethical issues' relevant?
Why should you develop outcome measures to assess effectiveness of RM activities?
Why should you develop outcome measures to assess effectiveness of RM activities?
How can a Risk Assessment Matrix determine levels of risk?
How can a Risk Assessment Matrix determine levels of risk?
What are the important elements for Risk Identification Systems -- in Formal style?
What are the important elements for Risk Identification Systems -- in Formal style?
What is the primary objective of a Risk Management Program (RMP) in relation to Values, Perils, and Consequence of Loss?
What is the primary objective of a Risk Management Program (RMP) in relation to Values, Perils, and Consequence of Loss?
What is the key focus of Risk Management Operations?
What is the key focus of Risk Management Operations?
Which statement best describes how a hospital maintains compliance with established policies and procedures?
Which statement best describes how a hospital maintains compliance with established policies and procedures?
In the context of risk management, what is the goal of 'separation' as a risk treatment technique?
In the context of risk management, what is the goal of 'separation' as a risk treatment technique?
How can healthcare facilities leverage education action plans to improve their Risk Management program?
How can healthcare facilities leverage education action plans to improve their Risk Management program?
What is a primary function of an 'occurrence reporting' system?
What is a primary function of an 'occurrence reporting' system?
What is one of the most important functions of a hospital board, in relation to providing quality of patient care?
What is one of the most important functions of a hospital board, in relation to providing quality of patient care?
What is one of the key considerations when facilities choose an appropriate Risk Management Program?
What is one of the key considerations when facilities choose an appropriate Risk Management Program?
Which of the following best characterizes the 'Due Process' element in addressing risks related to credentialing and privileging?
Which of the following best characterizes the 'Due Process' element in addressing risks related to credentialing and privileging?
What is the duty of loyalty for healthcare trustees?
What is the duty of loyalty for healthcare trustees?
In healthcare risk management, what is the primary aim of 'loss prevention and reduction'?
In healthcare risk management, what is the primary aim of 'loss prevention and reduction'?
A series of minor issues or inconsistencies in a healthcare setting, which individually may seem insignificant, would be categorized how?
A series of minor issues or inconsistencies in a healthcare setting, which individually may seem insignificant, would be categorized how?
Which of the following is true regarding incident reports?
Which of the following is true regarding incident reports?
What is the role of a risk manager in educating the board?
What is the role of a risk manager in educating the board?
You are creating a Risk Assessment Matrix. You determine an event is Likely
to occur, and the Consequence would be Moderate
. Using the matrix shown, what is the risk score?
You are creating a Risk Assessment Matrix. You determine an event is Likely
to occur, and the Consequence would be Moderate
. Using the matrix shown, what is the risk score?
Which of these risks is typically addressed by HAZMAT programs?
Which of these risks is typically addressed by HAZMAT programs?
How does the Healthcare Quality Improvement Act (HCQIA) protect certain peer review actions?
How does the Healthcare Quality Improvement Act (HCQIA) protect certain peer review actions?
What is the primary purpose of 'Focused Occurrence Reporting'?
What is the primary purpose of 'Focused Occurrence Reporting'?
What is the significance of 'Essential functions' in business continuity risks?
What is the significance of 'Essential functions' in business continuity risks?
Which scenario represents a 'very high risk' according to the Risk Assessment Matrix?
Which scenario represents a 'very high risk' according to the Risk Assessment Matrix?
When evaluating the scope of a Risk Management Program (RMP), what consideration reflects the highest level of strategic alignment with patient safety and organizational goals?
When evaluating the scope of a Risk Management Program (RMP), what consideration reflects the highest level of strategic alignment with patient safety and organizational goals?
Within the framework of Enterprise Risk Management (ERM), what is the most strategic approach for a healthcare organization to address risks associated with emerging technologies, such as artificial intelligence in diagnostics?
Within the framework of Enterprise Risk Management (ERM), what is the most strategic approach for a healthcare organization to address risks associated with emerging technologies, such as artificial intelligence in diagnostics?
When defining the authority and role of the Risk Management Department within a healthcare organization, which approach most effectively balances autonomy with accountability?
When defining the authority and role of the Risk Management Department within a healthcare organization, which approach most effectively balances autonomy with accountability?
Considering the evolving landscape of healthcare regulations and accreditation standards, what methodology would best enable a Risk Management Department to maintain an up-to-date and effective risk management plan?
Considering the evolving landscape of healthcare regulations and accreditation standards, what methodology would best enable a Risk Management Department to maintain an up-to-date and effective risk management plan?
In addressing risk exposure related to Values, Perils, and Consequence of Loss, how can a Risk Management Department most effectively integrate ethical considerations into its program?
In addressing risk exposure related to Values, Perils, and Consequence of Loss, how can a Risk Management Department most effectively integrate ethical considerations into its program?
When structuring a Risk Management Operations program, what is the most effective strategy for balancing loss prevention, claims management, and risk financing to optimize resource allocation?
When structuring a Risk Management Operations program, what is the most effective strategy for balancing loss prevention, claims management, and risk financing to optimize resource allocation?
How should healthcare facilities use performance activity measures, outcome measures, and financial measures to evaluate the effectiveness of a Risk Management Program?
How should healthcare facilities use performance activity measures, outcome measures, and financial measures to evaluate the effectiveness of a Risk Management Program?
What is the most effective approach for implementing risk reduction strategies to address technical and managerial decisions within a healthcare organization?
What is the most effective approach for implementing risk reduction strategies to address technical and managerial decisions within a healthcare organization?
How can healthcare organizations most effectively foster a culture of accountability within their Risk Management Program?
How can healthcare organizations most effectively foster a culture of accountability within their Risk Management Program?
When distinguishing between 'occurrence reporting' and 'occurrence screening', what is the most critical factor that determines which method to use for a specific situation?
When distinguishing between 'occurrence reporting' and 'occurrence screening', what is the most critical factor that determines which method to use for a specific situation?
Given increasing concerns about data breaches and cybersecurity threats, what is the most strategic approach for integrating HAZMAT (Hazardous Materials) programs with broader healthcare safety programs?
Given increasing concerns about data breaches and cybersecurity threats, what is the most strategic approach for integrating HAZMAT (Hazardous Materials) programs with broader healthcare safety programs?
In the process of implementing and monitoring risk management policies and procedures, which strategy is most likely to foster a proactive and adaptive approach to risk mitigation?
In the process of implementing and monitoring risk management policies and procedures, which strategy is most likely to foster a proactive and adaptive approach to risk mitigation?
Considering the dual goals of protecting peer review actions and promoting quality improvement, what strategy best balances confidentiality with transparency?
Considering the dual goals of protecting peer review actions and promoting quality improvement, what strategy best balances confidentiality with transparency?
How should a hospital-informed consent policy and procedure address the management of patients who refuse recommended treatment due to religious beliefs or cultural practices?
How should a hospital-informed consent policy and procedure address the management of patients who refuse recommended treatment due to religious beliefs or cultural practices?
In managing risks related to credentialing and privileging, how can healthcare organizations best address potential conflicts of interest among members of the credentialing committee?
In managing risks related to credentialing and privileging, how can healthcare organizations best address potential conflicts of interest among members of the credentialing committee?
Which is the most effective way to improve patient safety culture and reduce medical errors in the long term?
Which is the most effective way to improve patient safety culture and reduce medical errors in the long term?
How is duty of care balanced alongside medical staff's responsibility to provide competent and safe medical practices?
How is duty of care balanced alongside medical staff's responsibility to provide competent and safe medical practices?
Which statement outlines the appropriate way to evaluate and mitigate risk?
Which statement outlines the appropriate way to evaluate and mitigate risk?
What is the most difficult consideration about including flexibility into P&Ps and policies?
What is the most difficult consideration about including flexibility into P&Ps and policies?
Which situation would be considered the highest risk for an organization?
Which situation would be considered the highest risk for an organization?
In the context of risk financing within healthcare operations, which strategy exemplifies the most sophisticated approach to optimizing capital allocation while mitigating potential losses?
In the context of risk financing within healthcare operations, which strategy exemplifies the most sophisticated approach to optimizing capital allocation while mitigating potential losses?
When evaluating strategies for integrating risk management with healthcare organization governance, which approach most effectively ensures alignment with strategic objectives and accountability at all levels?
When evaluating strategies for integrating risk management with healthcare organization governance, which approach most effectively ensures alignment with strategic objectives and accountability at all levels?
Considering the complexities of healthcare regulatory compliance, which methodology would provide the most robust and adaptive framework for proactively identifying and mitigating emerging regulatory risks?
Considering the complexities of healthcare regulatory compliance, which methodology would provide the most robust and adaptive framework for proactively identifying and mitigating emerging regulatory risks?
In the context of incident reporting systems, what enhancement would most significantly improve the ability to discern systemic vulnerabilities and prevent future adverse events?
In the context of incident reporting systems, what enhancement would most significantly improve the ability to discern systemic vulnerabilities and prevent future adverse events?
Within a healthcare organization, what strategy represents the most advanced approach to integrating ethical considerations into the risk management program?
Within a healthcare organization, what strategy represents the most advanced approach to integrating ethical considerations into the risk management program?
How can healthcare facilities leverage actuarial science to improve their Risk Management program?
How can healthcare facilities leverage actuarial science to improve their Risk Management program?
What is the role of Bayesian networks in advancing decision-making processes related to risk management within a healthcare setting?
What is the role of Bayesian networks in advancing decision-making processes related to risk management within a healthcare setting?
Considering the increasing interconnectedness of healthcare systems, which strategy would best address the systemic risks associated with supply chain disruptions and ensure continuity of critical services?
Considering the increasing interconnectedness of healthcare systems, which strategy would best address the systemic risks associated with supply chain disruptions and ensure continuity of critical services?
When implementing risk reduction strategies related to technical and managerial decisions, which approach most effectively balances the need for standardization with the flexibility required to adapt to evolving clinical practices and technological advancements?
When implementing risk reduction strategies related to technical and managerial decisions, which approach most effectively balances the need for standardization with the flexibility required to adapt to evolving clinical practices and technological advancements?
Considering the complexities inherent in healthcare settings, what advanced analytical technique enables the most comprehensive evaluation of the interactions and dependencies among multiple risk factors, facilitating a deeper understanding of potential cascading failures?
Considering the complexities inherent in healthcare settings, what advanced analytical technique enables the most comprehensive evaluation of the interactions and dependencies among multiple risk factors, facilitating a deeper understanding of potential cascading failures?
Which of the following reflects the highest level of sophistication in applying Failure Mode and Effects Analysis (FMEA) within a complex hospital setting?
Which of the following reflects the highest level of sophistication in applying Failure Mode and Effects Analysis (FMEA) within a complex hospital setting?
What considerations are most critical when developing outcome measures to assess the effectiveness of risk management activities related to patient safety in a large, integrated healthcare system?
What considerations are most critical when developing outcome measures to assess the effectiveness of risk management activities related to patient safety in a large, integrated healthcare system?
In the context of developing a robust patient safety culture, what advanced strategy most effectively fosters accountability at all levels of a healthcare organization?
In the context of developing a robust patient safety culture, what advanced strategy most effectively fosters accountability at all levels of a healthcare organization?
Healthcare risk management uses performance activity measures, outcome measures, and financial measures to assess the effectiveness of a Risk Management Program. Which measure below reflects financial measure?
Healthcare risk management uses performance activity measures, outcome measures, and financial measures to assess the effectiveness of a Risk Management Program. Which measure below reflects financial measure?
Within the risk assessment matrix which would be considered the most dangerous outcome and require the most intervention?
Within the risk assessment matrix which would be considered the most dangerous outcome and require the most intervention?
How can Risk Management improve patient safety and reduce medical errors over time?
How can Risk Management improve patient safety and reduce medical errors over time?
What action is most appropriate for Risk Management in response to an increase of malpractice claims?
What action is most appropriate for Risk Management in response to an increase of malpractice claims?
A Risk Manager wants to improve the risk management program. Which of the following practices and processes creates the most sustainable program?
A Risk Manager wants to improve the risk management program. Which of the following practices and processes creates the most sustainable program?
What is the greatest value of a culture of transparency with reporting outcomes and process measures?
What is the greatest value of a culture of transparency with reporting outcomes and process measures?
If leadership wants to improve the patient safety culture within the organization what action can be achieved most effectively?
If leadership wants to improve the patient safety culture within the organization what action can be achieved most effectively?
The primary purpose of an RM program is to safeguard the HCO's assets against loss and reduce the impact of losses when they occur.
The primary purpose of an RM program is to safeguard the HCO's assets against loss and reduce the impact of losses when they occur.
A risk management plan is not required to be updated regularly once established.
A risk management plan is not required to be updated regularly once established.
A risk register is used for identifying and treating risks.
A risk register is used for identifying and treating risks.
The Governing Board carries ultimate legal responsibility for all aspects of the healthcare entity.
The Governing Board carries ultimate legal responsibility for all aspects of the healthcare entity.
Loss prevention focuses on decreasing the severity of potential losses.
Loss prevention focuses on decreasing the severity of potential losses.
An incident report is consistent with the routine care of a particular patient.
An incident report is consistent with the routine care of a particular patient.
Focused occurrence reporting' provides specific guidelines and examples of reportable incidents.
Focused occurrence reporting' provides specific guidelines and examples of reportable incidents.
Peer review is mandated by federal law to oversee quality of patient care and is not protected from discovery.
Peer review is mandated by federal law to oversee quality of patient care and is not protected from discovery.
In the context of risk management, 'perils' refer to the values and ethics that guide an organization's decisions.
In the context of risk management, 'perils' refer to the values and ethics that guide an organization's decisions.
A hospital must provide staff education and training on risk management topics only upon initial hire.
A hospital must provide staff education and training on risk management topics only upon initial hire.
The EMTALA regulation is specifically designed to outline rules and procedures for patient discharge.
The EMTALA regulation is specifically designed to outline rules and procedures for patient discharge.
Healthcare organizations are required to report all medical errors to the Joint Commission, regardless of severity.
Healthcare organizations are required to report all medical errors to the Joint Commission, regardless of severity.
Healthcare organizations are able to deny patient access to care based on their socioeconomic status.
Healthcare organizations are able to deny patient access to care based on their socioeconomic status.
The assessment of 'values, perils and consequences of loss' is not applicable in risk management.
The assessment of 'values, perils and consequences of loss' is not applicable in risk management.
Risk financing involves determining the creditworthiness of patients.
Risk financing involves determining the creditworthiness of patients.
Risk assessment in health care is solely based on the volume of patient complaints received.
Risk assessment in health care is solely based on the volume of patient complaints received.
Business continuity plans prioritize essential functions and recovery strategies.
Business continuity plans prioritize essential functions and recovery strategies.
The element of 'communication' as an attribute of RM programs refers only to communication with external regulatory bodies.
The element of 'communication' as an attribute of RM programs refers only to communication with external regulatory bodies.
A hospital’s Risk Management Department does need training and supervising staff.
A hospital’s Risk Management Department does need training and supervising staff.
Risk mitigation and risk transferring is the same thing.
Risk mitigation and risk transferring is the same thing.
The Joint Commission does not provide standards related to patients’ safety.
The Joint Commission does not provide standards related to patients’ safety.
The Risk Management Department should not be reviewing federal regulations.
The Risk Management Department should not be reviewing federal regulations.
Risk categories include patient care, financial and regulatory categories.
Risk categories include patient care, financial and regulatory categories.
A risk assessment does not need to be performed in the event of a flood.
A risk assessment does not need to be performed in the event of a flood.
Control activities are part of Enterprise Risk Management, as well as assessing risk.
Control activities are part of Enterprise Risk Management, as well as assessing risk.
Healthcare organizations must follow legislative regulatory mandates.
Healthcare organizations must follow legislative regulatory mandates.
An efficient Risk Management team avoids collaborating with other departments to promote a strong safety culture.
An efficient Risk Management team avoids collaborating with other departments to promote a strong safety culture.
Risk can not be quantified.
Risk can not be quantified.
There is no reason to follow the policy if it disrupts the routine workflow.
There is no reason to follow the policy if it disrupts the routine workflow.
Risk control implementations do not require collaboration.
Risk control implementations do not require collaboration.
Employee-related risks encompass elements like OSHA regulatory compliance.
Employee-related risks encompass elements like OSHA regulatory compliance.
Medical staff credentialing is governed only by federal mandates and is not variable across different states.
Medical staff credentialing is governed only by federal mandates and is not variable across different states.
The hospital's credentialing policy should indicate whether medical staff individuals are required to secure malpractice insurance.
The hospital's credentialing policy should indicate whether medical staff individuals are required to secure malpractice insurance.
A 'Physician Credentialing Policy' should not be developed amongst the Medical Staff and hospital administration.
A 'Physician Credentialing Policy' should not be developed amongst the Medical Staff and hospital administration.
A professional liability insurance policy with an exclusion for telemedicine necessarily requires the addition of a specific endorsement.
A professional liability insurance policy with an exclusion for telemedicine necessarily requires the addition of a specific endorsement.
If ransomware enters a system, a critical data finding involves the absence of a firewall between the network and hosted digital backup storage.
If ransomware enters a system, a critical data finding involves the absence of a firewall between the network and hosted digital backup storage.
It is required that the healthcare organization check physician sanctions.
It is required that the healthcare organization check physician sanctions.
In the event of a catastrophic medical incident, the Risk Management Department are not responsible for liaising with the media.
In the event of a catastrophic medical incident, the Risk Management Department are not responsible for liaising with the media.
If the Board is under the impression that the organisation is running under compliance and security protocols it is unnecessary to request confirmation.
If the Board is under the impression that the organisation is running under compliance and security protocols it is unnecessary to request confirmation.
When discussing business impact, the Board does not have a legal obligation to understand financial risks.
When discussing business impact, the Board does not have a legal obligation to understand financial risks.
A risk management program's (RMP) primary purpose is to safeguard a Healthcare Organization's (HCO) assets against loss.
A risk management program's (RMP) primary purpose is to safeguard a Healthcare Organization's (HCO) assets against loss.
A risk management plan does not need to be updated regularly.
A risk management plan does not need to be updated regularly.
According to risk management principles, it is acceptable to enrich yourself personally at the company's expense.
According to risk management principles, it is acceptable to enrich yourself personally at the company's expense.
Risk management operations include claims processing, but not the development of a RM plan.
Risk management operations include claims processing, but not the development of a RM plan.
A risk management plan is required to be updated tri-annually to maintain compliance.
A risk management plan is required to be updated tri-annually to maintain compliance.
One of the key attributes of a Risk Management Program (RMP) is visibility.
One of the key attributes of a Risk Management Program (RMP) is visibility.
A risk assessment matrix solely considers the frequency of an event, not the potential impact.
A risk assessment matrix solely considers the frequency of an event, not the potential impact.
Business continuity risks only pertain to financial losses and not to essential functions.
Business continuity risks only pertain to financial losses and not to essential functions.
The terms 'incident reporting' and 'occurence reporting' are interchangable.
The terms 'incident reporting' and 'occurence reporting' are interchangable.
A hospital should not take all responsible steps to comply with laws and regulations.
A hospital should not take all responsible steps to comply with laws and regulations.
A duty of care means you must not compete with the entity.
A duty of care means you must not compete with the entity.
A consultant prosthodontic is a degree that Dr. Sahar Khalil Alhajrassi doesn't have.
A consultant prosthodontic is a degree that Dr. Sahar Khalil Alhajrassi doesn't have.
The scope of a risk management program always excludes employee-related risks like OSHA compliance.
The scope of a risk management program always excludes employee-related risks like OSHA compliance.
Effective implementation of a Risk Management (RM) program is possible without cooperation between RM professionals and managers.
Effective implementation of a Risk Management (RM) program is possible without cooperation between RM professionals and managers.
A 'sentinel event' refers to a minor near-miss incident that poses no real threat to patient safety.
A 'sentinel event' refers to a minor near-miss incident that poses no real threat to patient safety.
The primary scope of a peer review is to increase profitability, not for providing quality of care.
The primary scope of a peer review is to increase profitability, not for providing quality of care.
Legal and regulatory risks is managing the public image and reputation.
Legal and regulatory risks is managing the public image and reputation.
In assessing the impact of IT systems during a ransomware attack, monthly software updates are the highest priority.
In assessing the impact of IT systems during a ransomware attack, monthly software updates are the highest priority.
A hospital-informed consent policy and procedure should provide clinical staff with methods for explaining the risks and benefits of specific Procedures.
A hospital-informed consent policy and procedure should provide clinical staff with methods for explaining the risks and benefits of specific Procedures.
Medical staff credentialing is primarily governed by CMS conditions of participation.
Medical staff credentialing is primarily governed by CMS conditions of participation.
A risk management plan needs updating only when significant organizational changes occur.
A risk management plan needs updating only when significant organizational changes occur.
A risk manager's role includes identifying and applying risk-increasing techniques to an organization.
A risk manager's role includes identifying and applying risk-increasing techniques to an organization.
A health care organization's risk management program should focus solely on financial risks.
A health care organization's risk management program should focus solely on financial risks.
The governing board's legal duty of loyalty requires the board to eliminate opportunities for personal financial gain using the entity's resources.
The governing board's legal duty of loyalty requires the board to eliminate opportunities for personal financial gain using the entity's resources.
According to HIPPA Law, health trustees are obligated to ensure all reasonable and necessary steps are implemented to take compliance with all applicable laws and regulations.
According to HIPPA Law, health trustees are obligated to ensure all reasonable and necessary steps are implemented to take compliance with all applicable laws and regulations.
Information & communication, risk assessment, and monitoring are all components of enterprise risk management.
Information & communication, risk assessment, and monitoring are all components of enterprise risk management.
An organization needs visibility and training on risk management, particularly in an orientation setting, to aid in organizational comittment.
An organization needs visibility and training on risk management, particularly in an orientation setting, to aid in organizational comittment.
Maintain confidentiality and ethical issues as it relates to healthcare policy, procedures, and best practices, is not an important role of risk managers.
Maintain confidentiality and ethical issues as it relates to healthcare policy, procedures, and best practices, is not an important role of risk managers.
Risk identification solely relies on traditional accident reports; employee interviews are not necessary.
Risk identification solely relies on traditional accident reports; employee interviews are not necessary.
It is unnecessary to quantify risk as long as you are able to identify the costs associated to it.
It is unnecessary to quantify risk as long as you are able to identify the costs associated to it.
The implementation of risk management policies and procedures removes the need to maintain confidentiality of ethical breaches.
The implementation of risk management policies and procedures removes the need to maintain confidentiality of ethical breaches.
In enterprise risk management, 'Risk Assessment' is the final phase where all potential risks are quantified economically using Monte Carlo simulations.
In enterprise risk management, 'Risk Assessment' is the final phase where all potential risks are quantified economically using Monte Carlo simulations.
In the context of risk management, an organization's 'values' are typically defined by the potential financial exposure in a worst-case scenario.
In the context of risk management, an organization's 'values' are typically defined by the potential financial exposure in a worst-case scenario.
A healthcare trustee's duty of loyalty permits them to leverage inside information for personal financial advantage, provided it does not directly harm the healthcare entity.
A healthcare trustee's duty of loyalty permits them to leverage inside information for personal financial advantage, provided it does not directly harm the healthcare entity.
The assessment of organizational risk demands that all stakeholders are given equitable prospects for feedback, though their input need not be explicitly integrated.
The assessment of organizational risk demands that all stakeholders are given equitable prospects for feedback, though their input need not be explicitly integrated.
In Occurrence Reporting, the 'treatment' is a specific example of a reportable incident.
In Occurrence Reporting, the 'treatment' is a specific example of a reportable incident.
During risk analysis, if a risk is deemed to have 'rare' likelihood and 'catastrophic' consequences, it invariably warrants the highest level of immediate mitigation, irrespective of cost considerations.
During risk analysis, if a risk is deemed to have 'rare' likelihood and 'catastrophic' consequences, it invariably warrants the highest level of immediate mitigation, irrespective of cost considerations.
The implementation of a formal risk identification system obviates the necessity for informal risk identification methods due to its structured and comprehensive approach.
The implementation of a formal risk identification system obviates the necessity for informal risk identification methods due to its structured and comprehensive approach.
When evaluating options in RM techniques, Separation
is a means to increase the likelihood
of potential losses.
When evaluating options in RM techniques, Separation
is a means to increase the likelihood
of potential losses.
For policies and procedures (P&Ps) related to risk management, including cross-references to similar policies on related subjects should be omitted due to regulatory constraints.
For policies and procedures (P&Ps) related to risk management, including cross-references to similar policies on related subjects should be omitted due to regulatory constraints.
Match the following elements of a Risk Management Program (RMP) with their descriptions:
Match the following elements of a Risk Management Program (RMP) with their descriptions:
Match the risk exposure with the appropriate risk exposure categories:
Match the risk exposure with the appropriate risk exposure categories:
Match the following risk management activities with the appropriate phase in the risk management process based on commonly accepted ERM framworks:
Match the following risk management activities with the appropriate phase in the risk management process based on commonly accepted ERM framworks:
Match the following statements of Risk Management and Risk Governance with the correct Board Responsibility
:
Match the following statements of Risk Management and Risk Governance with the correct Board Responsibility
:
Match the ERM Risk Domain to it's core concepts:
Match the ERM Risk Domain to it's core concepts:
Match the stages of Risk Management with the common method/practices within that stage:
Match the stages of Risk Management with the common method/practices within that stage:
Associate each of the following techniques with its Risk Type.
Associate each of the following techniques with its Risk Type.
Associate each of the following to its main process:
Associate each of the following to its main process:
Match the Credentialing and the Privileging with the correct action
Match the Credentialing and the Privileging with the correct action
Match the concepts with their core ideas:
Match the concepts with their core ideas:
Match each element with the related element of a Risk Management Program (RMP):
Match each element with the related element of a Risk Management Program (RMP):
Connect the risk exposure to its corresponding element:
Connect the risk exposure to its corresponding element:
Associate the major functional areas of risk management with their focus:
Associate the major functional areas of risk management with their focus:
Associate the risk types with their definition relating to a healthcare organization's Enterprise Risk Management:
Associate the risk types with their definition relating to a healthcare organization's Enterprise Risk Management:
Indicate the type of risk related to an organization, and the factor that impacts that type of risk:
Indicate the type of risk related to an organization, and the factor that impacts that type of risk:
Connect the definitions to the phases of Risk Management:
Connect the definitions to the phases of Risk Management:
Associate each risk treatment with the most applicable technique:
Associate each risk treatment with the most applicable technique:
Associate Duty of Care with its corresponding duty of loyalty:
Associate Duty of Care with its corresponding duty of loyalty:
Match Types include with Professionals Credentialing:
Match Types include with Professionals Credentialing:
Match the Term with the correct definition in risk management:
Match the Term with the correct definition in risk management:
Flashcards
Enterprise Risk Management (ERM)
Enterprise Risk Management (ERM)
A framework of activities that identifies and manages all forms of risk in an organization.
Risk Management Program (RMP)
Risk Management Program (RMP)
A structured approach to handle potential losses and improve patient safety.
Risk Management Department
Risk Management Department
A department responsible for identifying and mitigating risks within a healthcare organization.
Risk Management Operations
Risk Management Operations
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Job Descriptions for RM
Job Descriptions for RM
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Risk Exposure
Risk Exposure
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Major Functional Areas in RM
Major Functional Areas in RM
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Risk Manager Role
Risk Manager Role
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Incident
Incident
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Incident Reporting
Incident Reporting
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Occurrence
Occurrence
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Risk Analysis
Risk Analysis
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Risk Mitigation
Risk Mitigation
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Healthcare Policies and Procedures
Healthcare Policies and Procedures
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Peer Review
Peer Review
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Credentialing
Credentialing
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Scope of RM Program
Scope of RM Program
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Risk Management Plan
Risk Management Plan
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RM Program Attributes
RM Program Attributes
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Primary RM program purpose
Primary RM program purpose
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Areas in RM Program Scope
Areas in RM Program Scope
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Focused Occurrence Reporting
Focused Occurrence Reporting
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RM Policy Statement
RM Policy Statement
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What is Occurrence?
What is Occurrence?
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Operational risks
Operational risks
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Clinical safety risk
Clinical safety risk
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Financial Risks
Financial Risks
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Legal regulatory Risks
Legal regulatory Risks
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Hazard Risks
Hazard Risks
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Human Capital Risks
Human Capital Risks
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Technology Risks
Technology Risks
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Strategic Risks
Strategic Risks
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Analyze Loss Exposure
Analyze Loss Exposure
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Assets structures
Assets structures
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Hospital-Informed Consent
Hospital-Informed Consent
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Device reporting
Device reporting
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Effective Risk Implementation
Effective Risk Implementation
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Healthcare Trustee Duties
Healthcare Trustee Duties
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Education for Risk Management
Education for Risk Management
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Employee Safety
Employee Safety
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Business Continuity Risks
Business Continuity Risks
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Medical Staff Risks
Medical Staff Risks
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Allied Healthcare Credentialing
Allied Healthcare Credentialing
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Privileging
Privileging
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Patient Care-Related Risks
Patient Care-Related Risks
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Utilization review
Utilization review
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Benchmarking in Risk
Benchmarking in Risk
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Loss Prevention
Loss Prevention
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Loss Reduction
Loss Reduction
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Separation
Separation
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Duplication
Duplication
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Contractual Transfer
Contractual Transfer
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Proactive Risk Assessment
Proactive Risk Assessment
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Compliance
Compliance
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Risk Control
Risk Control
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Safety program
Safety program
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Privileging Authorization
Privileging Authorization
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Patient-Centered Care
Patient-Centered Care
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HIPPA
HIPPA
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Risk Management
Risk Management
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Safety Alerts
Safety Alerts
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Mitigation
Mitigation
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Reports
Reports
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Telemedicine
Telemedicine
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RM program effectiveness
RM program effectiveness
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RM policy
RM policy
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Trustee legal duties
Trustee legal duties
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Skills for Health Service
Skills for Health Service
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HCO Safety Programs
HCO Safety Programs
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Employee RM Safety
Employee RM Safety
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Address Legal Concerns
Address Legal Concerns
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Governance Role in RM
Governance Role in RM
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RMP Department Requirements
RMP Department Requirements
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Guidelines on P&Ps
Guidelines on P&Ps
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Continuous Improvement
Continuous Improvement
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Patient Care Risks
Patient Care Risks
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Employee Related Risks
Employee Related Risks
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Property Related Risks
Property Related Risks
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Financial Related Risks
Financial Related Risks
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Business continuity
Business continuity
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Risk Manager Responsibilities
Risk Manager Responsibilities
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Risk Register
Risk Register
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Risk Reduction
Risk Reduction
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Identify Risk Exposure
Identify Risk Exposure
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RM Policy & Procedures
RM Policy & Procedures
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Study Notes
CPHRM Course Overview
- This course covers Healthcare Operations Domains and includes 20 questions, followed by an additional round of 6 questions.
- Dr. Sahar Khalil Alhajrassi, a Consultant prosthodontist with credentials including SB-Prosth, CPHQ, CPHRM, EFQM, HMP mini-MBA, is a strategic planning and KPI practitioner.
- Nuha Al Amin with MHHA, CPHQ, and CPHRM is also involved in the course.
Objectives of Risk Management
- Describe the range of risk management responsibilities.
- Define and describe the key components of developing a risk management program.
- Identify the typical elements of a healthcare risk management program.
- Describe key issues concerning health care organization governance.
- Describe risk management aspects of enterprise risk management.
- Discuss the physician and allied health professionals credentialing.
- Describe the benchmarking and performance improvement attributes that contribute to the risk management process.
Risk Manager Role in Healthcare Operations
- Identifying potential sources of loss for the organization is a key responsibility.
- Assessing potential economic losses from identified exposures on the HCO is also required
- Applying loss control techniques minimizes losses.
- Identifying and applying appropriate risk financing techniques to the organization is important for potential losses.
- Risk managers implement and monitor risk management policies and procedures.
- Maintains confidentiality and addresses ethical issues.
Enterprise Risk Management (ERM)
- ERM is a framework of activities that identifies and manages risks holistically.
- ERM considers all forms of risk within an organization, referred to as a "Risk portfolio."
- Key components of ERM include internal environment, objective setting, event identification, risk assessment, risk response, control activities, information, communication, and monitoring.
Elements of a Risk Management Program (RMP)
- Requires organizational commitment and support.
- Need to define authority, role, description, goals, and scope of the program.
- Should establish formal and informal risk management activities.
- RM plan requires a clearly defined purpose, structure, and the processes involved.
- Should develop outcomes measures to assess the effectiveness of RM activities.
- Requires achieving program acceptance from staff.
- Needs to provide visibility and education through orientation and CME.
Risk Management Department
- Critical to have accurate and comprehensive job descriptions for all risk management personnel.
- A risk management plan should be regularly updated with purpose, overview, structure, and processes described.
- Staff size and scope vary with the size, services, and RMP structure of the organization.
- Should identify risk exposure in relation to values, perils, and the potential consequences of loss.
Functional Areas of Risk Management
- Developing an RM plan and policy statement is vital.
- Major functional areas include loss prevention and reduction, claims management, and risk financing.
- Also includes Regulatory and Accreditation Compliance alongside Risk Management Operations and Bioethics.
- Training and supervising staff is crucial.
- Coordinating RM committee activities is important.
- Involves both developing goals and evaluating effectiveness of risk management efforts.
Focus of Risk Management Program
- Objectives have a key role.
- States often have legislative and regulatory mandates for hospitals to implement risk management programs.
- Standards for accreditation increasingly include risk management requirements.
- The Risk Management program effectiveness can be evaluated using performance activity, outcome, and financial measures.
- The RM Policy and Procedure should include objectives and Risk Reduction Strategies.
- Implement selected techniques, technical and managerial decisions.
- Needs to monitor payments by reducing and monitoring the number and size of payments, identifying economical risk financing approaches, improving quality and patient safety, quantifying the cost of risk and the tolerance for risk, and allocating costs.
Components of a Risk Management Program
- Authority
- Visibility
- Communication
- Coordination
- Accountability
Scope of a Risk Management Program
- The primary purpose of an RM program is to protect the Healthcare Organization's (HCO) assets and minimize the impact of losses.
- The scope includes risk financing, claims management, and loss control across the entire enterprise.
- Includes patient care-related, medical staff-related, and employee-related risks.
- Also covers property and financial risks, as well as business continuity issues.
Areas of Focus in Patient Care-Related Risks
- Confidentiality and HIPAA compliance.
- Advance directives like DNR (Do Not Resuscitate) orders and Medical Power of Attorney.
- Abuse and Neglect related considerations.
- Informed consent and implied consent protocols.
- Addressing issues of Discrimination.
- Managing Delay of Treatment.
- Avoiding Missed Diagnosis.
- Understanding EMTALA requirements for appropriate triage, stabilization, and transfer.
- Ensuring Access to Care
- Focus on Competency of patient care staff
- Address AMA (Against Medical Advice) situations and elopement risks.
Medical Staff Related Risks
- Peer review and quality improvement processes are crucial.
- Managing Confidentiality
- Should monitor Credentialing, privileging, and disciplinary actions.
- Impairment
- Should monitor Billing, business situations, and financial incentives to prevent risk (Office of Inspector General fraud and abuse).
- Must manage gatekeeper obligations under managed care plans.
Employee Related Risks
- Compliance with OSHA standards.
- Worker's compensation guidelines and Third Party Administrators (TPAs).
- Pre-employment physical requirements.
- Employment practices.
- Must avoid EEOCC discrimination and allegations.
Property Related Risks
- Assets structures must be protected
- Awareness on risks of earthquake, floods or windstorms.
- Boiler and Machinery risks.
- Ensuring access of vehicles.
- Monitor Equipment
- Ensure Records retention including electronic media.
Financial Risks
- Monitor Directors and officers
- Monitor Healthcare providers to ensure proper procedures
- Address Errors and omissions.
- Monitor Business interruption due to disasters.
- Should be awared about FTC compliance
- Understand Ostensible/ Vicarious agency.
Business Continuity Risks
- Essential functions should be prepared.
- Incident command
- Mitigation to eliminate risk
- Recovery from issues.
Risk Management and the Board
- Governance of the hospital by setting the organization policy for RM.
- Approves/supports the mission, and operating policies.
- Board has ultimate legal responsibility.
- Assign reasonable authority to medical staff.
- Requires, considers, and acts upon medical care evaluation reports.
Legal Duties of Healthcare Trustees
- Requires the Board to direct the medical staff and steps to meet legal standards complying will all laws and regulations.
- Duty of Care: Act in good faith, best interest of the entity.
- Duty of Loyalty: No competing, disclose confidentiality, personal enrichment, and personal financial gain expense.
Liability of Board Members
- Includes items like environmental pollution, antitrust/anticompetitive practices and fraud.
- Fiscal responsibility (effective accounting practices).
- Appropriate for executive/closed use.
- Maintain content and circulation of minutes.
The Risk Manager and the Board
- Supports the board's oversight responsibilities.
- Fulfills educational role for the board through new member orientation and periodic presentations on RM topics.
- Communicates regularly and directly with the board through committees on claims trends, etc.
Risk Management Program Steps
- Identify and Analyze loss exposure.
- Examine Alternative RM techniques/treatments.
- Select best risk management technique/combination of techniques.
- Implementing selected technique.
- Monitoring & evaluating and improving RMP.
ERM Risk Domains
- Operational risks entail inadequate internal processes or system failures.
- Clinical/Patient Safety Risks include not following EBP, medication errors, wrong-site surgery.
- Financial risks involve losses through liability judgments and settlements.
- Legal/Regulatory Risks failure to identify, manage and monitoring legal/regulatory mandates.
- Hazard risks concern losses to physical plant and property.
- Human capital risks losses through death/injury of employees.
- Technology risks concern losses related to hardware and software.
- Strategic risks refer to intangible losses to public image.
Incident Reporting
- Is an event which is NOT consistant with normal operations of an organization and is a cornerstone of healthcare risk.
- Objective, reported, and coded using demographic data, description, analyzed trends.
Occurrence Reporting vs Screening
- Occurrence: unexpected patient intervention
- Focused Occurrence Reporting clear gudelines exist with examples.
- Occurrence Screening: identified/reviewed list utilizing retro/concurrent methods.
- Screeners look for deviations from practice, policy, and procedures.
- Used in areas that are high risk or known for issues/problems.
- Screeners look for deviations from practice, policy, and procedures.
Risk Analysis
- Process of defining severity, probablility and providing initial means for prioritizing risks.
- Metrics utilized to analyze; KRIs
Risk Management Techniques
- Includes using Avoidance, Loss Prevention/ Reduction and Segregation
- May include Transferring and Duplicating
Implementation & Monitoring
- Effective implementation requires cooperation, communication, support, education,
- Implemented should be accessed and monitored
Policies and Procedures (P&Ps)
- Should have clear guidelines for how to managed risks
- Define all terms
- Use simple recognizable names
- Choose only on subject
- Define responsibilities
- Obtain approval from stakeholders
- Date of review and implementation date is needed
- Should reference similar subject
Guidelines to managing risks
- Terms should have a clear definition used in a standard format.
- Requires responsibilities, approval and sign offs.
- A date, cross reference and review other policies is needed
Education & Risk Management Program
- Providing warning labels and posters to staff.
- RM action plan to address risk
- Includes purpose, components, and reporting.
- Should include patient relations along with federal and state laws.
Safety Programs
- In HCOs- Safety programs exist for patients, environment, workers, and workplace violence.
- Workplace violence encompasses abuse, patient and coworker actions.
Peer Review process
- Tool for improving care who have quality issues HCQIA to review providers.
- Must protected the created and review data and hearings.
Credentialing & Privileging Process
- A hospital process to review for physicians.
- Done by an oversight body.
- Poses to fiduciary, legal, credentialing and negligent challenges.
- Done by an oversight body.
Addressing the Risks
- Enforce review of bylaws, rules, and verifications.
- Protect privileges by implementing a process. - Must address all gaps.
Round Three Questions
- The questions focus on the requirements for physicians performing robotic surgery.
- Performance indicators for effective risk management.
- Also covers the priority findings during a ransomware impact evaluation (e.g. presence of firewalls).
- Telemedicine credentialing risk, medical staff credentialing governance.
- Financial information exchange.
- It covers patient consent protocols.
Round Three Answers
- B. The physician must meet all credentialing and privileging requirements
- A. Notice of claim was first event
- D. Absence of Firewall between network and hosted digital backup stage
- A. Requires Licensed Provider
- B. Accreditation and State law
- B. Due diligence
- B. Categories of procedures for which documented informed consent required
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