HLT-313V Topic 2 DQ 2

A formal risk management plan demonstrates a health care organization’s approach as well as support for risk management and, ultimately, patient safety. Accessing information from your own employer/organization or using the internet to find an allied health care organization located in your city or region, identify the goals and objectives, scope, and functions of an existing risk management plan. How does the plan “measure up” in terms of meeting ethical and legal responsibilities to stakeholders? How might you improve it? Explain.
You are required to use and cite a minimum of two references from the GCU Library to support your response.

Solution

Mercy Hospital Northwest Arkansas’s risk management plan is designed to uphold its ethical and legal responsibilities to stakeholders, including patients, staff, and the local community. By implementing risk management strategies, the hospital aims to “enhance patient safety and improve quality of care,”(Mercy, n.d.) thereby ensuring patient safety and high-quality care. The hospital’s commitment to ethical practices is evident in its efforts to “improve the performance quality of healthcare services through procedures that identify and prevent circumstances that could expose both the patient and the healthcare personnel to risk of an adverse event.” To further enhance its risk management plan, Mercy Hospital could adopt predictive analytics to identify potential risks sooner. Implementing predictive modeling and risk stratification can help identify risk not only associated with sentinel events but patient care quality as well.

Resources:

Quality & Patient Safety. (n.d.). Mercy. https://www.mercy.net/patients-visitors/quality-safety/

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McGowan J, Wojahn A, Nicolini JR. Risk Management Event Evaluation and Responsibilities. [Updated 2023 Aug 23]. In: StatPearls [Internet]. Treasure Island (FL): StatPearls Publishing; 2025 Jan-. Available from: https://www.ncbi.nlm.nih.gov/books/NBK559326/

Lal, M., Bhende, M., Goel, A., Pathak, A., Tamrakar, P., Sharma, S., & Thorat, P. (2023). Enhancing Patient Care and Monitoring Through AI and IoT in Healthcare. 1–6. https://doi-org.lopes.idm.oclc.org/10.1109/CVMI59935.2023.10464874

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