Elements of a Risk Management Program

Elements of a Risk Management Program
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Introduction
Risk management entails policies or the activities that are enacted within the health organization to reduce exposure to liabilities. From patient’s safety standards to the financial statuses, it is vital for health organizations to ensure that there are enough measures that protect the patients. Risk management primarily focuses on saving the financial reliability and environmental safety of a health institution (Cole, Chaudhary, & Bang, 2014). Currently, there are physician and hospital staff communication and participatory approaches that have extended the focus on the safety standards of patients with the aim of promoting quality care.
In other words, health institution spot risks by evaluating incidents, identifying the indicators, studying the trends and undertaking a continua monitoring approach in mitigating such risks. In line with this, specific departments are often assisted in identifying and correcting work practices and environmental conditions that would result in injuries (Cole et.al, 2014).As identified by relevant materials, risks are those occurrences that happen within a health institution that are not consistent with the functions of a health facility or a routine patient care that negatively impact or threatens the comfort and lives of patients, visitors and employees. This paper therefore seeks to conduct a review on the risk management programs for new employees within a health institution.
Steps for Presenting a Risk Management Program to New Employees
It is essential to determine that an active risk management program requires the incorporation of key structural elements, elementary processes and sufficient scopes that cover all the applicable areas that may initiate risks (Mulligan, Shapiro, & Walrod, 2010). In developing a risk management program for new employees within a medical institution, it is essential to consider the fact that the employment of personnel requires a health care risk management professional approach. This approach ensures that a safe work environment for the employees is developed to reduce the risks of injuries and occupational illnesses, and ensuring that compensatory measures are put in place to facilitate the compensation of workers who suffer injuries or related illnesses within a work environment.
In order to achieve this, it is essential for the risk management professionals to maintain knowledge on the relevant workers, the compensation laws and regulations that allows them to work efficiently with the human resource departments, designated staff members, and other employees within the institution (Mulligan et.al, 2010). The most effective steps for presenting a risk assessment program to the new employees therefore entails:
Risk Identification
In this step, the management professionals enlighten the new employees of the risks that frequently occur within the health care environment that may result in potential losses to the institution. Such exposure may be the loss of financial assets through judgments on liabilities, casualty losses, human losses through injuries and deaths, and the intangible loss of the organizations reputation (Mulligan et.al, 2010). The risk management professional therefore ensures that information sources are identified to enable the new employees in reporting incidences and accidents that may occur during operations within the facility. Reporting in this case allows the new employees to provide warning information in advance to the risk management department on the occurrences that are not consistent with the patient care process.
Risk Analysis
In this step, the risk management professional enlightens the new employees of the potential severity of the losses associated with the identified risks and the chances of such risks occurring again (Mulligan et.al, 2010). This factor therefore established the seriousness of risks within the health care institution and provides a guide to the employees on the appropriate risk management strategies. The professional also gives priority to the areas that have the greatest risk potentials and that may institute losses to the institution such as the obstetrical mishaps that occur out of an anesthesia.<...