Healthcare Risk Management — A Survival and Moral Imperative

Healthcare Risk Management — A Survival and Moral Imperative

Risk and uncertainty are inevitable in healthcare organizations. Human nature, the provision of intricate and multifaceted care, and the highly complex system of healthcare guarantee that healthcare entities will face adverse circumstances. But these occurrences are being mitigated with risk management tools. Ever since the 1997 IOM report which estimated that 44,000 – 98,000 individuals were dying each year as a result of medical error, it became a moral imperative to take every measure necessary to save lives.Risk Management and Healthcare Policy Essay. According to Tom Hellmich, physician and Minneapolis Children’s Hospital Patient Safety Council member, states in the Risk Management Handbook for Healthcare Organizations “The medical culture that silently taught the ABCs as Accuse, Blame, and Criticize is fading. Rising in its place is a safety culture emphasizing blameless reporting, successful systems, knowledge, respect, confidentiality, and trust.”Risk Management and Healthcare Policy Essay.

In the midst of vertical consolidation, new market entrants, and value-and performance-based payment models that impact the bottom line, rigorous risk management strategies are paramount to every healthcare organization’s viability. By establishing an ongoing and systematic approach to minimizing the risks inherently associated with the field of healthcare, more and more healthcare organizations are successfully protecting quality of care and financial strength while navigating the tumultuous era of change