Long Term Care Risk Analysis

Running head: RISK MANAGEMENTS ASSESSMENT SUMMARY

Risk Managements Assessment Summary Health care organizations use risk management methods to guard their assets against likely threats brought on by legal liability. An important component of risk management programs inside the long-term care setting is the ability to reduce the amount of avoidable accidents and injuries and to reduce the financial severity of claims. Long-term care facilities offer a wide array of services to residents, and possible injuries is significant to the frail, elderly population they assist. Knowing how to recognize risks and plan proper methods and policies to lessen them necessitates frequent attention from leaders within the organization. The purpose
Implementing documented processes for managing risk that supports the organization’s mission and goals aids leaders give employees and consumers self-assurance in the organization. Directors and senior leadership benefit from fostering functional collaboration promoting accomplishment of its programs among departments (Jones & Cotta, 2009). Risk management allows a facility to nurture a work environment that encourages growth through training and education reduces risk. Organizational strength demonstrates innovative decision-making and openness to change. Nurturing a work environment that encourages growth through training and education reduces risk (Chee, Kamal, & Wingender, 2011). Loss prevention efforts help to decrease risk expenses, permitting more funds for medical equipment, hospital facilities, and physician’s salaries, therefore increasing the value of the organization. A get-up-and-go risk-management approach aids in meeting business expansion plans. Risk management helps to recognize risk factors vital to shareholders. Money saved through risk-management activities can be openly reinvested back into the organization and community (Ceniceros, 2008). By devising policies in place and following procedures arrange for documentation of action, an essential tool in any legal
Making certain resident safety involves taking ample measures to offer an environment free of dangers, upholding safety standards by averting any type of injury to the residents’ physical, psychological, and emotional well-being (Rhodes, 2001). Continuing persistence in recognizing hazards and decreasing them must be a main concern of care giving.
The most often reported incident in long-term care facilities is falls. Three out of four residents will fall each year and many result in a lawsuit. The most common reason for falls is existing health conditions affecting muscle weakness or trouble walking (Occupational Safety and Health Administration, 2009). Even though falls are unavoidable in a long-term care setting, risks can be cut-down with fall prevention strategies as well as staff education, decreasing risk factors like low lighting, wet floors, and inadequately fitted wheelchairs, and bringing together exercise programs to strengthen muscles and increase balance. Most essential, everyone working inside the facility from nursing to maintenance staff must be involved in fall prevention (Rhodes,