Question

1a. Identify two challenges in making risk

management decisions.

1b. How can health care leaders overcome risks?

1c. What steps would you take to overcome the two

challenges you identified?

Answer 1

Ans) 1) a) Risk Management issues which are often overlooked.
Lack of accountability.
Not taking risk assessment seriously.
Lack of transparency.
Overlooking risks which are known.
Failure with managing risks on real time basis.
Not prioritizing vulnerabilities.
Stressing too much on High Impact, Low Probability Risks.

b) Healthcare managers identify and evaluate risks as a means to reduce injury to patients, staff members, and visitors within an organization. Risk managers work proactively and reactively to either prevent incident or to minimize the damages following an event.

Failure to use appropriate risk metrics.
Mismeasurement of known risks.
Failure to take known risks into account.
Failure in communicating risks to top management.
Failure in monitoring and managing risks.

c) There are 5 main ways to manage risk: acceptance, avoidance, transference, mitigation or exploitation. Here's a detailed look at each of them. Accepting the risk means that while you have identified it and logged it in your risk management software, you take no action.