Understanding the elements of risk management in the healthcare sector is important as they influence the provision of care. Essentially, risk management it aids in reducing injuries both to the practitioner and patient. It entails providing a conducive working environment that decreases accidents in place of work (Šotić, Mitrović & Rajić, 2014). Initiating risk management tools in an institution plays a crucial role in promoting the success of the company and building employees’ morale to perform on their duties. Risk management refers to the techniques, approaches, and supporting apparatuses to determine and regulate threats to an acceptable level (Ennouri, 2013). Equally, the concept is a set of coordinated practices and methods used to direct a firm and control the various uncertainties that can influence the industry’s ability to attain its goals.
Compare and Contrast Risk Management and Quality Improvement
Risk management and quality improvement frameworks are not isolated concepts as both the processes offer a guideline of considering all the activities performed by a syndicate. The models further determine how institutions implement their undertakings and help in identifying methods to improve the practices before recognizing the challenges (Australian Council on Healthcare Standards (ACHS), 2013). Additionally, the system aids various firms to be secure and liable to healthcare stakeholders such as patients, practitioners, and medical providers.
The techniques aim at offering a structured framework for detecting, analyzing, monitoring, and reviewing threats, challenges, and opportunities. As such, consultation and information exchange among the shareholders in healthcare is vital for the effectiveness of risk management and quality improvement (ACHS, 2013). Equally, the models are data-driven and rely on appropriate informative materials offered to the managers, practitioners, and the governing body. The primary purpose of risk management is to lower the prospective threats in a health setting while quality management aims at enhancing the processes and outputs of patients care.
Strategies to Identify Risk in Healthcare
Challenges linked to patient care are difficult to alleviate completely. Therefore, clinical risk management is vital in the health sector to promote the safety of clients (Briner, Kessler, Pfeiffer, Wehner & Manser, 2010). Some of the factors that enhance risk in health care are the equipments used, materials like chemicals, and the condition of the work place. The techniques to identify hazards in hospitals include determining, analyzing, assessing, and managing the risk. Identifying threats is the process through which the medical practitioners and stakeholders determine the uncertainties in the hospital services and its settings. The recognized hazards are encoded in the risk management tool for analysis. Analyzing the threats entails creating an understanding of the identified uncertainties to determine their level of impact (Briner et al., 2010). The dangers are then assessed primarily to decide on the type of hazards that needs treatment and the form of management appropriate for its mitigation. Treating the risk involves determining the techniques to reduce or avert the future occurrence of the threat in the organization.
Risk management is a significant aspect of an organization as the process helps in averting and reducing the impending threats. Risk management is a set of coordinated practices and methods aimed at controlling the uncertainties that might impede a syndicate from attaining its objectives. Materials, equipments, and condition of workplace facilitate occurrence of risk in healthcare. Both the risk management and quality improvement techniques help industries to be secure and liable to the healthcare stakeholders. However, the primary purpose of risk management is to lower the level of hazards in an institution while quality improvement helps in promoting health outcomes. Strategies such as identifying dangers, analyzing, evaluating, and treating risks are used to determine perils in healthcare.
Australian Council on Healthcare Standards. (2013).Risk management & quality improvement handbook [Ebook] (3rd ed., pp. 1-81). EQuIPNational Resource. Retrieved from http://achs.org.au/
Briner, M., Kessler, O., Pfeiffer, Y., Wehner, T., & Manser, T. (2010). Assessing hospitals’ clinical risk management: Development of a monitoring instrument. BMC health services research, 10(1), 337. https://bmchealthservres.biomedcentral.com/articles/10.1186/1472-6963-10-337
Ennouri, W. (2013). Risks management: New literature review. Polish Journal of Management Studies, 8, 288-297. https://www.infona.pl/resource/bwmeta1.element.baztech-c18616d2-64b5-417e-9a5a-5cfcbdeecb9e
Šotić, A., Mitrović, V., & Rajić, R. (2014). Risk perception during construction works execution. Online JAKM, 2(3), 44-55. www.iiakm.org/ojakm/articles/2014/volume2_3/OJAKM_Volume2_3pp44-55.pdf