Healthcare Risk Management 8 Risk Domains 
To navigate the healthcare risk continuum healthcare organizations and risk managers need to:

  1. Identify Risk - Through the use of data, institutional and industry knowledge, and by engaging everyone — patients, employees, administrators, and payers—healthcare risk managers can uncover threats and potentially compensatory events that otherwise would be hard to anticipate.
  2. Quantify & Prioritize Risk - To accomplish this, risk matrices and heat maps can be deployed that will also help to visualize risks and promote communication and collaborative decision-making.
  3. Investigate & Report Events - Achieving transparency and thorough evaluation requires healthcare organizations to establish an atmosphere of respect, trust, and cooperation between staff and leadership.
  4. Perform Compliance Reporting - Incidents such as wrong-site or patient surgery, workplace injuries, medication errors, etc. need to be documented, coded, and reported.
  5. Capture & Learn - These are often the best way to identify and prevent risk. Healthcare providers should develop a culture that encourages reporting so that prevention measures and best practices can be instituted.
  6. Think Beyond the Obvious to Uncover Latent Failures - Latent failures are often hidden and only uncovered through analysis and critical examination. When exploring the causes of an unfavorable episode, consider underlying and less-readily-apparent reasons.
  7. Deploy Proven Analysis Models for Incident Investigation - Applying well-established models improves risk management effectiveness and efficiency. 
  8. Invest in a Robust Risk Management System (RMS) - RMS can greatly enhance risk management by improving performance through available and reliable systems while providing overall cost reduction by automating routine tasks.
Don’t let an inefficient risk management system control you. The RMS (Risk Management System) Solution from HealthDox is tailored to the unique risk management requirements of healthcare.
 
Schedule for a 15 minute or so, no obligation virtual demo now. 

 
Yours to count on,

Tom Reid
Your Partner in the Pursuit of Quality Patient Care

1427 N 3rd Street, #220 | Phoenix, AZ 85004
T: 480 829 7100 | C: 602 909 3662
The year 2021 has seen the highest average cost of data breach risks in 17 years. Due to the dynamic and multifaceted nature of risks in today’s healthcare, the role of a risk manager has evolved and expanded into managing technology, communicating with IT stakeholders, documenting and reporting on risk and adverse circumstances, and creating processes, policies, and procedures for responding to and managing risk and uncertainty.