Risk Assessment

It is very important for organizations, especially a health care organization, to foster and develop a safe and successful practice to their patients and conserve the financial resources that will uphold a secure and working environment in which is very crucial to the reputation of the organization. Risk management is usually the process in which an organization measures and asses risks along with developing strategies that will be able to manage those risks as well. These strategies may include something such as transferring that particular risk to another party, trying to avoid the risk all together, or accepting all or some of the consequences that could potentially come along with that particular risk that the organization decided to take on. The traditional risk management usually focuses on the risks that are from the physical and legal issues such as a natural disaster, a fire, accidents, death, or even a lawsuit. Hospitals today are faced with a variety of risk factors in which will help to determine their success or their failure. These risk factors are typically known as: Competitive feedback from other physician groups and hospitals, a change in rules and regulations by the government, extremely thin profit margin, foster a community relation with a regard to zoning and permitting resistance as well, the bond market state and the cost of borrowing, the success through fundraising and community support generation, overdependence of key physicians and admission preferences and the age of the medical employees, high fixed structure of cost, developments in the advancement of the technology within the medical field in which has being on the length that a patient stays. The effort that an organization takes evaluate and decrease risks to their staff, patients, and organizational resources that are within a health care facility is also known as a health care risk management. A health care facility should put forth effort and minimize a financial loss, by...