Tampa Bay Super Clinic Risk Identification

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Recommended: Introduction to risk management plan in healthcare

The recent risk identification and analysis report had provided us with potential issues that would expose Tampa Bay Super Clinic to risk. We will review the risks recognized in the earlier assessment and provide solutions that will help control costs as well as limit the financial loss to our organization. In order for this organization to be proactive and protect our developing investment we must achieve a financial balance of retaining risk and transferring risks (Epstein, Metz, & McLaughlin, 2013). Furthermore, we must continue to monitor the progress of each outcome so that we can accommodate any improvements that need to be made. In the following report we will examine each of the three risk areas that were evaluated along with the recommended solution to limit the risk. Each solution is intended to improve profitability for the organization.
Property Risks
To begin with, property risks were identified as being one of the most significant areas of possible financial loss to Tampa Bay Super Clinic. The first risk identified was the impact a disaster may have on our facility, for instance, fire. Our current plan is to limit the financial loss to the clinic by carrying a commercial insurance that protects the entire property against fire, smoke and water damage. Carrying a commercial insurance will be more cost effective to the organization. In addition, all employees will be required to take a fire safety course and fire drills will be conducted to maintain the staffs’ awareness. Natural disasters were the second risk identified in the earlier report. Again, the most fiscally available option to our organization is to purchase a commercial policy that will provide us with the necessary coverage in case of a natural ...

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...e ensure are risk management practices are consistent throughout the organization. A final recommendation would have internal auditors perform solution analysis in order to stay ahead of any necessary changes. With hard work and dedication Tampa Bay Super Clinic will continue on its road to success.

Works Cited

Agrawal, A. (2009, January 1). Medication errors: prevention using information technology systems. National Center for Biotechnology Information. Retrieved, from http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2723209/
Clarke, M. J. (2008, June 1). Knowledge is power. Risk Management, 55(6), 58.
Epstein, A.L., Metz, D., McLaughlin, K.M. (2013). Financing Risk. In St. Petersburg College (Comp.), HSA 4502: Health Care Risk Management (117). Burlington, MA: Jones & Bartlett Learning.
Myers, A. (2009, November 1). Back to basics. Risk Management, 56(9), 56.

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