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Risk Management for Healthcare

Risk Management for Healthcare

Risk Management for Healthcare Introduction

Healthcare management teams manage the business side of healthcare organizations be it hospitals, public health systems, and rehabilitation centers. This role extends to even the patients’ families where they ensure that everyone gets the most suitable care possible. A vital part of this role is the security of the patients while they are within or away from the premises of these organizations. It is reported that 444,000 people annually, succumb to avoidable hospital errors (Penny, 2018).

The main goal of these risk management for healthcare teams in regard to the patients’ security is to minimize the number of readmissions as much as possible. The security of patients’ records has become paramount especially during the big data era (Lv, Song, Basanta-Val, Steed, & Jo, 2017). The risk management for healthcare pursuit of the delivery of healthcare and safety of the patients is via culture, strategy and even data-centered activities such as data collection and quality management, disclosure, standards, privacy and disposition. This paper will explore the role of the risk management for healthcare team to maintain the security of patients.

Risk Management for Healthcare

Risk management for healthcare teams are responsible for the building of the rapid response system. A vital part of the rapid response system is the rapid response teams, as developed by the agency for healthcare research, and quality (AHRQ). According to the AHRQ, the healthcare organizations determine the framework for the Rapid Response Systems (Penny, 2018). Get legit paper writing services now!

The STEP assessment is used here and it comprises of the status of the patient, the team of members, the progress toward the achievement of the goal, and the environment. The risk management for healthcare team also has a role of coming up with the relevant decision-making models such as the Failure Modes and Effective Analysis (FMEA), which is the process of the identification of potential failure modes in any system with full consideration of their causes and effects (Lv, Song, Basanta-Val, Steed, & Jo, 2017).

The development of a safety compliance plan is one of the most significant roles of the risk management for healthcare teams. The team should continually monitor and evaluate how the healthcare organization employees follow the established organizational policies (Penny, 2018). The compliance plan is used to adjust the organizational policies as per the new safety requirements.

Due to compliance plans, the risk management for healthcare team can build trust with the communities they serve. They can also come up with standards that are to be complied by the community and organization. Due to the compliance plan, the administrators are able to establish the suitable compliance standards. Another importance of the compliance plan is to ensure that the patients, the organizational as well as the insurance companies involves maintain the insurance claim integrity (Ramkumar, et al., 2019).

Finally, it is important to note that the compliance plan provides a centralized outlet for compliance. All these are reasons why the risk management for healthcare team needs to come up with the safety compliance plan to ensure the safety of the patients.

Risk Management for Healthcare

Patients play a great role in their recoveries. Therefore, it is important for the risk management for healthcare teams to give the patients safety information. They can get educated on the health related facts that apply to their unique circumstances, their therefore are playing an active role in their recovery.

This will help reduce medical errors. The patients can now ask questions and even alert the health practitioner some potential problems. The patients can be educated by getting pamphlets with the relevant information, lengthy consultations with the health practitioners, or recommendations for the right sources of information. This is also a way of establishing patient based care.

The Safety of Patient’s Information

In order to guarantee the safety of patient, risk management for healthcare teams have to ensure that patients’ information is secure. Patients’ records are very crucial in the identification, diagnosis and the treatment of the patients. These include patients’ personal health records and most importantly their medical records which are a very important aspect of their privacy. The information cannot also be exploited by other businesses for marketing and other commercial services (Cortegiani, et al. 2020).

It is very important for the risk management for healthcare teams to protect the patients’ confidentiality. With that advancement in technology, the transmission of the patients information among health practitioners, has presented and unique strain on the security of patients data (Vaughan, et al. 2020). The risk management for healthcare teams can ensure that the patients’ clinical data is encrypted across all electronic networks. The healthcare management team can also ensure that all their employees are fully informed of the importance of data protection.

They should also ensure that the employees are well conversant with security of the organizations security system. All these will help protect the patients’ information from possible breaches via public accessible terminals. Appropriate decision-making processes and performance review should be put in place by the healthcare management teams, in order to encourage compliance to safety protocols. The regular review can be used to ensure that patients are secure. The risk management for healthcare team can also improve the organizational policies to suit new requirements on patients’ security requirements.

Risk management for healthcare teams have a role to play in the reduction of healthcare-acquired infections and medical errors (Siracusa, et al. 2019). Medical errors have been reported to cause deaths of up to 98,000 deaths annually in the United States alone. They also account for increased disabilities and have a general adverse effect on the decreased confidence on the healthcare system. The Institute of Medical Health (IMH) suggests that there are 1.5 million preventable adverse drug events (ADEs).

This makes them one of the most expensive common source of preventable harm, which is estimated to amount upto $3.5 billion (Vaughan, et al. 2020). These medical errors are very common during the ordering and administration phases. In most cases, they take the form of the wrong drug being delivered or prescribed and in other cases, the wrong dose being administered. Healthcare management teams have a role of ensuring that patients’ records can be stored and retrieved. This has an important role in the reduction of the medical errors and health disparities, both of which are a common cause of readmissions (Siracusa, et al. 2019).

Risk Management for Healthcare

In conclusion, it is very clear that risk management for healthcare teams have a huge role to play in the security of the patients’ security. This is by setting up systems that help keep the patients safe. This is a significant part of the overall business-side of healthcare organizations. The creation of strong and effective healthcare management teams is vital in the efficient running of healthcare organization. In the end, the lives of many patients are saved by other means than the usual physician input.

Read Also: Healthcare Budget Development | 2 Easy Samples

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