Question

Professional groups enhance the practice of members through the following:

• Training
• Networking
• Publications
• Regulations

Healthcare associations work with government agencies and health organizations to regulate standards of risk management and to ensure the quality of services and patient safety.

• Discuss 2 different ways the American Society for Healthcare Risk Management (ASHRM) supports risk management efforts in healthcare organizations.

How do external regulatory institutions support healthcare organizations to establish standards for managing risks, and what is the role of internal governance in fostering such relationships?

Answer 1

2 different ways the American Society for Healthcare Risk Management (ASHRM) supports risk management efforts in healthcare organizations are-

American Society for Health Care Risk Management (ASHRM) is a professional membership group of the American Hospital Association (AHA) with nearly 6,000 members representing risk management, patient safety, insurance, law, finance and other related professions are their.

1)ASHRM promotes effective and innovative risk management strategies, professional leadership through education, recognition, advocacy, publications, networking and interactions with leading health care organizations and government agencies.

2)ASHRM initiatives focus on developing and implementing safe and effective patient care practices, the preservation of financial resources and the maintenance of safe working environment at its best.

-->External regulatory institutions support healthcare organizations to establish standards for managing risks by following ways-

If a decision maker wants to lower the costs of safety measures, such a step will
increase potential losses, i.e. losses that may be incurred in case a risk event
occurs and lowers the anticipated payoff.
Decisions to minimize potential losses will necessarily lead to more costly safety
measures (safer technologies can be more expensive), other things being equal,
this will decrease the payoff.
Where there are no risks, there are no profits, and the reverse is also true. The
more ambitious the objectives are, the higher the risks.

Internal Governance in the context of Risk Management is the formal set of structures, communication lines, procedures and it is necessary because healthcare organizations are accountable to their stakeholders and to the surrounding community with no model to follow, healthcare organizations are attempting to define their own governance models to help achieve their corporate and clinical objectives.