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

Solution:-

1)Two challenges while making risk management decision:

a)Lack of accountability,b)Failure with managing risks on a real-time basis.

Lack of accountability: Organizations must facilitate that the right decisions are being taken by the right person or the right people who are in authority.

Failure with managing risk on a real-time basis: Managing risk in real-time offers the potential in risk reduction or transferring it more efficiently.

2)The risk in health care is high but it can be reduced firstly by training and education and secondly inculcating ethics. Professional enhancement is key in this sector. Healthcare leaders must take steps in order to evaluate, develop, and refine key personal and professional skills to remain accomplished and experienced. Ethics poses the biggest challenge in healthcare. Healthcare leaders must secure their and their employee's behavior are above disgrace. Leaders must always keep in mind that the success of an organization depends heavily on their ethical behavior. Structuring or building trust not only earns money and funding but also reduces needless liability costs for the agency. Sound ethical principles improve healthcare relationships and eliminate stress and tension.

3)Challenges can be overcome by maintaining proper accountability and authoritative relationship. So that the person in charge is accountable for both benefits and the loss .and secondly train to assess risk on a timely basis so that an undue disadvantage could be reduced. Taking action on a real-time basis saves an organization from losses.Such as share market here decisions are being taken on real-time basis.

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