Risk Management Program Analysis

RISK MANAGEMENT PROGRAM ANALYSIS 8

RiskManagement Program Analysis

RiskManagement Program Analysis

Everyorganization requires an efficient risk management strategy formanaging the various risks that may face the firm. Notably, thehealthcare facilities are necessarily required to establish riskmanagement programs and distinct ways through which such programs canbeimplemented.The risks may be as a result of equipment and handling of the kits aswell as storage of medical drugs (Archbold, 2015). If not properlymanaged, the result may be a compromise in patient safety anddestruction of medical materials and medicines within the variousstorage facilities.

Newlycreated organizations are required to establish risk managementprograms inorder tofacilitate their operation throughout their quest for effectiveprocess implementation. Before beginning the process of determiningand implementing a risk management program, the administrativepersonnel who aretaskedwith overseeing the program are to be trained on how to utilize theprogram and the outcomes intended from such programs (Runciman etal.,2012). The management of risks should be the responsibility ofeveryone contracted at the health facility with the primary objectiveof ensuring patient safety.

Cooperationand joint coordination of health practices between the management andother stakeholders are necessary for an effective risk managementplan and patient safety. The risk management program encourages theestablishment, continuous follow-up, and revision of organizationprocedures and practices (DeRosier et al., 2012). Itresultsfrom risks and selected ways of preventing these risks, as well asthe strategies for reduction of such hazards. The process ofestablishing an administrative framework in risk management involvesvarious crucial steps and processes:

  1. Identification of Risk

Itimplies recognizingor determining the risks, which could prospectively deter theenterprise, investment, or program from attaining its set goals andobjectives. As such, risk identification entails communicating anddocumenting the concern or issue at hand. The possible risks thatmight becounteredin the facility aredisclosedto the new workforce in the newly established service or amenity(Archbold, 2015). The potential risks that might beexperiencedduring their operations arecommunicatedso that they may be aware of the task ahead of them. If the riskshave beenidentifiedfully, then the next step is risk analysis.

  1. Risk Analysis

Riskanalyses are processes for identifying the prospective harms andevaluating what could occur if hazards happen. Risk analysisencompasses the determination of causes of these risks and theirpotential impact (DeRosier et al., 2012). The extent or severity ofthe risks is analyzed to facilitate risk treatment.

  1. Risk Treatment

Risktreatment refers to the process of picking and executing measures formodifying the risks. Its measures may include optimizing, retaining,avoiding, or transferring risks. These actions can bechosenout of groups of safety measurements, which areusedin information security firms. During risk treatment, methods ofpreventing or controlling the risks are established. Therefore, risktreatment is a response to an already identified and analyzed risk.The process is performed to restore the conditions to a state similarto the one before the occurrence of a particular risk.

  1. Risk Management Evaluation

Itis the assessment of the entire process of the risk managementprogram. It is intended to check the effectiveness of the programadopted. The ability to provide a system that will succeed in thecontrol of risks istestedat this stage (Runciman et al.,2012). The policies and plans for the newly created health facilityin line with activities for the management of daily risks include:

  1. Management of Claims

Theseinclude all the relevant processes carried out by the risk managementpersonnel to ensure that there is enough control against potentialclaims filed against the health facility (DeRosier et al., 2012). Theprocesses involve early identification of concerns followed bynotification of liability insurance body responsible for the healthservice or legal defense of the facility, identification andmitigation of foreseen damages, and evaluation of the associatedcosts.

  1. Investigation of Events, Carrying Out Root-Cause Analysis and Providing Framework for Follow-Up

Thenewly established healthcare facility should put in place a frameworkfor investigating events. After performing thorough investigation,the performance of root-cause analysis should follow: thiswillensure that all the future possible risks areexplored.The causes aredocumentedfor further references. Although establishing a root-cause of therisks is important, finding ways of preventing and controlling therisk is the most important goal (Archbold, 2015). Therefore, theorganization should be tasked with the creation of a framework andprocedure for managing the risks in case of their occurrences.

  1. Failure Mode Analysis

Theequipment utilized in the facility might compromise the safety ofpatients if not properly checked and maintained. A technical team toinvestigate the failure modes of the various accessories or equipmentshould beestablished.It does not only involve carrying out check up on this equipment,but also determining a proper and essential mechanism of maintenance.These might require the implementation of support strategies such asscheduled or preventive maintenance plan (DeRosier et al., 2012).Conditions that might cause failure of the equipment must beidentifiedclearly. Some of the conditions may be listed by the vendor ofhealthcare equipment or established by the technical personnel at thefacility.

  1. Education of Staff and Validation of Competency

Thenew health facility should equip its incoming staff with thenecessary skills of carrying out treatment and other operationswithout affecting the safety of the patients. In the health sector,accountability and competency arecore in the effective performance healthcare operations.

  1. Establishing a System Managing and Reporting Adverse Events

Inthe process of service delivery, some events may occur that areoutside the normal expectations or occurrences. A system that wouldfacilitate fast reporting of extreme events will be essential inproviding quick response in managing such incidents.

  1. Analysis of the Trend of Events

Thepattern of events includes their frequency and if thoroughlyanalyzed, can be associated with certain conditions. If the trend ofthe events isdocumented,it would be very easy to foresee the next occurrence and thereforeplan for ways of preventing or controlling the damages that mightaccompany the event (Archbold, 2015). It is also important todocument the trend so that in case there is a change in personnel,the incoming staff can quickly identify the pattern and contribute tothe processes already established.

Roleof Joint Commission in the Evaluation of Healthcare Facilities

Theprimary goal of the joint commission is ensuring that healthfacilities continuously improve the quality of healthcare providedalongside facilitating the patient`s safety. The safety isguaranteedthrough accreditation of these institutions regarding the servicesoffered. The commission follows up on the compliance of variousorganizations to the health standards. In addition, the jointcommission provides the certificate of conformity to organizationsthat have proved to uphold the principles created by the Commission(DeRosier et al., 2012). The commission is composed of variousprofessionals in the health sector, including nurses, doctors,administrators, quality experts, lawyers, educators, employers andtrade unions.

RolesPlayed by Levels of Administrative Personnel in Establishing orSustaining Operational Policies

Differentlevels of an organization are mandated to follow the establishedoperational policies. In risk management framework, every division ofan organization is tasked with ensuring that risks are investigated,analyzed, and reported on time to enable the administration tounderstand the identified risk or risks (DeRosier et al., 2012). Amanagerial representative is responsiblefor reportingto the senior management the issues, which arise from theirdepartment. The representative is also recommended to contact otherdepartments within the facility to control the risks.

RiskManagement Programs and Compliance with Ethical Standards

Ethicalstandards ensure that an organization only gets involved in legalbusiness activities. Itensuresthat better products and service aresofferedto clients appropriately. The services promote the name of thecorporation regarding its reputation, which it gain in better clientsatisfaction and better customer experience. With high ethicalstandards, an organization is capable of attracting both businesspartners and employees (DeRosier et al., 2012). The risk managementprogram implemented should emphasize the ethics of an organization.The administrations of healthcare facilities should not just operatein ways that seem compelling, but rather on the behavioral basis withviews that good businesses can result from proper ethics.

References

Archbold,C. A. (2015). Managingthe bottom line Risk management in policing:AnInternational Journal of Police Strategies and Management,28(1), 30

DeRosier,J., Stalhandske, E., Bagian, J. P., &amp Nudell, T.(2012). Usinghealth care failure mode and effect analysis™: the VA NationalCenter for Patient Safety`s prospective risk analysis system. TheJoint Commission Journal on Quality and Patient Safety,28(5),248-267.

Runciman,W. B., Williamson, J. A. H., Deakin, A., Benveniste, K. A., Bannon,K., &amp Hibbert, P. D. (2012). Anintegrated framework for safety, quality and risk management: aninformation and incident management system based on a universalpatient safety classification.Qualityand Safety in Health Care,15(suppl1),i82-i90.