Importance of Reporting Risk
Importance of Reporting Risk
Importance of Reporting Risk
Reporting Risk Stephanie Williams, Awilda Moya, Brittani Castor, Kara Becker, Siara Brooks HCS/456: Risk Management 05/31/2022
Introduction
In the healthcare industry, there are several risks to patients, employees, and organizations.
Clinical, regulatory, environmental, and privacy hazards are common across healthcare businesses, although particular risks differ by kind of institution.
In healthcare, comprehensive risk management programs may help patients stay safe while simultaneously lowering readmission rates (Pham et al., 2013).
Once a list of risks has been established and cross-functional risk has been identified, the list is assessed for chances to provide “fast solutions,” or “quick wins,” which assist staff members gain confidence in the ERM program.
Reporting risk enables you to better minimize risks and capitalize on opportunities in a rapidly changing economy.
It can help you get more done with less resources, safeguard patients better, and foster a safety culture (Simsekler, 2019).
The link between healthcare risk identification and patient safety culture. International Journal of Health Care Quality Assurance.
Reporting risk decreases the number of technology providers – which is growing more important as security breaches and other third-party risks become more prevalent.
Healthcare risk managers also have the unimpeded vision required to see little warning signals before they turn into major issues for patients – and the company.
System-wide failures and catastrophic circumstances, such as malfunctioning EHR systems, security breaches, and cyber assaults, need risk reporting and contingency planning.
References
Pham, J. C., Girard, T., & Pronovost, P. J. (2013). What to do with healthcare incident reporting systems. Journal of public health research, 2(3).
Simsekler, M. C. E. (2019). The link between healthcare risk identification and patient safety culture. International Journal of Health Care Quality Assurance.
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