Analyze a health care risk management program.

Analyze a health care risk management program.

The health care organization to which the plan applies is an acute care facility such as a hospital, clinic, or medical practice. Risk management plays a critical role in this setting because it helps organizations identify potential risks and develop strategies for mitigating them. In the health care setting, risk management helps reduce the risk of malpractice lawsuits, protect patient safety and privacy, reduce medical errors and omissions, minimize financial losses due to fraud or abuse, enhance quality of care delivery across departments and services lines, provide consistency in policies/procedures throughout the organization; ensure compliance with regulatory standards; lower insurance costs; improve performance outcomes (ie decreased readmission rates); mitigate IT security risks; optimize use of resources (staffing & supplies); and ensure that all personnel have appropriate training & education on best practices.