Risk Management Within The Health Care Setting - 928 Words

Risk management in the health care setting is multi-focused. In addition to mitigating risks inherent to clinical settings, it also serves to protect visitors and employees safety. Moreover, risk management is vital to protect the organization from losses, earning and retaining accreditation, and reducing the overall risk of doing business in the health care industry. At the heart of risk management is the manager who is responsible for maintaining a risk management plan and continually monitoring the outcome of the plan. Authority and Role of the Risk Manager Although the discussion focuses on the risk manager, most large health care organizations employ a team of individuals to reduce the risks of loss and increase patient safety from both a proactive and reactive stance. The health care environment is constantly evolving, but nothing has made change as pervasive as the Patient Protection and Affordable Care Act (PPACA) and the regulatory and compliance mandates contained within its wording. For instance, maintaining confidentiality of patient information, a key function of risk management, is now more difficult with the rise of cybercrime of medical information. According to Finkle (2014), the Federal Bureau of Investigation warns health care providers there is high demand for medical information by criminals to commit both impersonation crimes and financial fraud. These concerns were unheard of not long ago. 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