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 of this summary is to focus on several examples of common risk elements in a long-term care facility and the policymaking process used to evade or decrease their impact. Risk Management
Risk management programs inside any organization involve a strong obligation from its leaders to be successful. 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 proceeding. Quality Management
A vital aspect of quality management is correct training of work processes. Implementing quality-management policies in agreement with regulatory guidelines helps guarantee quality of care in compliance with laws. Having solid leadership, committed to quality care helps to creates unity of determination and direction within an organization (Carroll, 2009). The organizational culture affects outcomes, such as ethical decision-making, performance, and promise. High performing organizations support cultures that have good communication skills. Knowing how one fits in with the rest of the organization gives employees a common sense of community and self-importance in one’s work (Chee, Kamal, & Wingender, 2011). Upholding a strong organizational culture helps to increase patient’s quality of care. Quality management policies help strengthen confidence in the quality of care given and make medical outcomes better while reducing lawsuits. Policies in place offer a process for handling adverse events and giving stakeholders assurance that difficulties are being dealt with properly (Carroll, 2009). Identifying Risks
Former lawsuits, allegations, and patient, or staff complaints first govern the documentation of health care risks in the long-term care facility. Data collected from sources, such as employee and staff incident reports, resident satisfaction surveys, workers compensation claims, and state licensure surveys are valuable in recognizing areas that pose risk (Candlin & Candlin, 2002). Through analyzing former loss exposures, leaders can anticipate future problems...
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