Essay on A Brief Note On Risk Management Programs And How They Are Beneficial

Essay on A Brief Note On Risk Management Programs And How They Are Beneficial

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Risk Management is very beneficial within todays healthcare organizations.
At times, we are seeing more organizations within the healthcare sector deal with the aspects of crisis. Much of this is due to malpractice and the focus that the government has places on the quality of care and safety guidelines that these facilities must agree upon to receive coverage. Within the guidelines of Florida alone if an organization should many malpractice suits those facilities might not gain licensure which could have an adverse effect on services to their patients and cause them to be at risk. Therefore, it is beneficial to have effective risk management programs set in place to catch such risk to alleviate these types of actions from occurring. The article below will give a brief synopsis of effective risk management programs and how they are beneficial to healthcare organizations.
For many years’ humans, have been fascinated with risk throughout their aspect of life. It was not until the mid-1600’s when French mathematicians Blaise Pascal and Pierre de Fermat came up with the idea of risk management and during that time it was only known for insurance. Its only use during that time was for what is known as bottomry which is a type of marine insurance which covered vessel owners so that could borrow money to buy cargo and if for some instance the ship was lost at sea the owner of that vessel would not be held liable to repay back the debt. Coming up toward the twentieth century was when it became into existence. This is when insurance companies encourage businesses to establish quality standards for their products and services. By the late 1900’s quality and risk management standards were made readily assessable to indust...

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...anted in a particular case (Altman, 2002).
So as I conclude in accordance with the guidelines that are set in motions by the Office of the Inspector General I agree that having such system put in place in organizations can be beneficial when dealing with malpractice, because many providers would seek not to provide insurance to providers for fear of retaliation on their part so they seek not to insurance certain facilities. This not only hurts the organization that is providing the service put the patients that need these services. At times, there is a no-win solution but I an effective risk management program is set in place it lets the providers know that they can rest easy because the organization has put in place a system that will monitor these risks and have policies that are set in place to deal with such a program as this if it were to arise.

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