Overview

Risk Management in Healthcare Workshop

Learning Objective:

• Discuss the definition of risk management, values, and benefits.
• Explain the concept of risk reduction strategies in preventing and reducing system failures.
• Identify four principles of risk reduction strategies. 
• Evaluate what makes a high alert medication list an effective risk reduction strategy.
• Distinguish the advantages and disadvantages of each type of risk reduction strategy. 
• Identify three key factors that are considered during the prioritisation of risk reduction strategies
• Compare the pros and cons related to competency development and assessment. 
• Key elements of the dashboard for ongoing monitoring of implemented risk reduction strategies. 
• Express appropriate techniques for patient safety WalkRounds™. 

Risk Management:

• Risk Management is identifying, assessing and controlling threats in the organisation.
• Threats, risks, including financial, strategic medication errors, incidence & national problems as COVID19.

What is Management?

• Management includes activities of setting the strategy of an organisation and coordinating the efforts of its employees

Objectives of Risk Management

• Ensuring organisation continuity
• Ensuring the safety of executives, employees & their families
• Protecting managerial resources
• Maintaining public trust in healthcare organisations

Factors Which Contribute to People Making Mistakes

To avoid knowledge-based mistakes, ensure supervision for inexperienced workers and provide aids and diagrams to explain procedures.

The 4 Risk Reduction Strategies

The 4 Strategies to Control Risks

• An organisation must choose four basic strategies to control risks Risk Avoidance, Risk Mitigation, Risk Transference, and Risk Acceptance.

1- Risk Avoidance

• A Risk Avoidance methodology attempts to minimise vulnerabilities which can pose a threat.
• Risk avoidance can be achieved through policy and procedure, training and education and technology implementations.

2- Risk Mitigation

• With risk mitigation is the expectation that it is not a matter of if something happens, it is a matter of when.
• And when something happens, you want policies and procedures to mitigate that.
• These risk mitigation strategies include disaster recovery plans and incident response plans.

3- Risk Transference

• It is the shifting the risk to other areas or outside entities. The goal is to allow someone else to accept risk.
• When looking at ways to transfer risk, you would evaluate things such as services.
• Many services, such as application and IT, can be outsourced.
• Hiring an outside organisation transfers the risk to them for that development.

4- Risk Acceptance

• It is to understand the consequences and accept the risk without control or mitigation.
• There will be a risk. It is impossible to eliminate risk, so needs to be an analysis of these things.
• This is achieved by determining the level of risk to the information.

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