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

The risk management plan is essential for all allied healthcare organizations because it helps to determine and put in place the necessary mechanisms to identify and address several risks that could happen within the organization. An organization is at risk of experiencing issues related to patient safety and security, workplace hazards, and liabilities resulting from lawsuits. All the organization’s risk management plans have goals, objectives, scope, and functions. The goals and objectives of the plan include identification, mitigation, monitoring, and assessment of the risks (Senna et al., 2023). Risk identification is the preliminary step to acknowledge the presence of a risk; therefore, in the second objective, the plan is to assess the risk in terms of quantity and quality. The other goal or aim of the risk management plan is to mitigate and keep the risk manageable; therefore, the plan must ventilate on the mitigation measures, such as insurance and medication identification systems. Risks can sometimes happen and bring massive losses to the healthcare facility; therefore, continuous risk monitoring and reviewing is essential to always be a step ahead.

All the risk management plans have a broader scope and cover all the possible areas of healthcare that could suffer losses due to risks. The main functions of the risk management plan include analysis of the risk to identify its form and nature, evaluation of the extent of the risk, and choice of mechanisms to treat the risk (Meyer & Reniers, 2022). All the management plans must adhere to the ethical and legal requirements, offering correct and accurate information about the risk to the patients, immediate community, and employees. Improving a risk management plan will require proper communication with the necessary stakeholders, regular review and improvement, and staff training.

References

Meyer, T., & Reniers, G. (2022). Engineering risk management. Walter de Gruyter GmbH & Co KG.ISBN: 1310346381

Senna, P., Reis, A., Dias, A., Coelho, O., Guimarães, J., & Eliana, S. (2023). Healthcare supply chain resilience framework: antecedents, mediators, consequents. Production Planning & Control, 34(3), 295-309. https://doi.org/10.1080/09537287.2021.1913

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