RISK MANAGEMENT

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RISK MANAGEMENT 4

RISKMANAGEMENT

RiskManagement

Riskmanagers are individuals entrusted with identification, analysis, andmitigation of potential hazards and they have a responsibility torecognize and manage the Potentially Compensable Events (PCE) in ahealth organization (Shaw &amp Carter, 2015). According toRossignol, Delvenne, and Turcanu (2015), PCE refers to a sudden eventthat poses risks to a health institution. Therefore, the managementstrategies a risk manager implements to prevent or manage such eventscan have significant impacts on the potential claim a risk managercan report to an insurer.

Question1 Answer

Ina general case, risk managers determine the level of patient’sexperience since they promote patient safety and reduce liabilityexposure through investigation and mitigation of problems (Rossignol,Delvenne, &amp Turcanu, 2015). In health contexts, they have manyresponsibilities including planning and implementation of riskmanagement program, assessment and evaluation of risks, conductingaudits, staff training, and corporate governance involving reportingto stakeholders.

Otheradditional responsibilities of a risk manager include enablingcommunication with the insurance carrier, maintaining legalpossession of relevant medical records, appointing necessaryindividuals such as investigators, and supporting risk managementprogram as per requirements by law and the health practice orregulations (Shaw &amp Carter, 2015). Moreover, they guide andadvice the staff particularly on the confidentiality in litigation.

Question2 Answer

HazardVulnerability Analysis (HVA) involves the approaches used to identifyrisks or hazards likely to introduce adverse effects to the patients,health institution or a community (Shaw &amp Carter, 2015). Itfacilitates the planning, prevention, responses and recoverystrategies to safeguard people’s health and safety. According toNeuvel etal.(2015), HVA involves the use of tools such as Kaiser Permanente HVATool and all stakeholders including community, partners, medicalstaff, local leaders and emergency agencies.

HVAis useful in different situations. For instance, it is useful indetermination of risks that are common to a geographical locality dueto natural events such as earthquakes, floods, drought or tornados inplanning and development of mitigation and evacuation strategies(Rossignol, Delvenne, &amp Turcanu, 2015). Another situation ofapplication of HVA is in the determination of hazards due toindustrial chemicals wastes that contaminate the community waterresource or underground reservoirs (Neuvel etal.,2015). In this case, the environmental damage is preventable aftercritical analysis of causes and implementation of mitigationmeasures.

Inconclusion, both the risk assessment and hazard vulnerabilityanalysis are important practical procedures useful in the promotionof community health and safety. In addition, the involvement ofstakeholders and employment of the best tools increases theireffectiveness. Moreover, the knowledge and skills of the riskmanagers can have positive impacts on the success of a riskmanagement program.

References

Neuvel,Jeroen M.M., Dirk Jan de Boer, and Wilbert K.F. Rodenhuis. 2015.&quotManaging vulnerability: the implementation of vulnerabilityreduction measures.&quot Journalof Risk Research18, no. 2: 182-198. BusinessSource Complete,EBSCOhost (accessed August 29, 2016).

Rossignol,N., Delvenne, P., &amp Turcanu, C. (2015). Rethinking VulnerabilityAnalysis and Governance with Emphasis on a Participatory Approach.RiskAnalysis: An International Journal,35(1), 129-141. doi:10.1111/risa.12233

Shaw,P. &amp Carter, D., (2015).Qualityand performance improvement in healthcare: Theory, practice, andmanagement.Sixth Ed ISBN#:&nbsp9781584264750

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