Conduct research on approaches to risk management processes, policies, and concerns in your current or anticipated professional arena to find an example of a risk management plan. Look for a plan with sufficient content to be able to complete this assignment successfully. In a 1,000‐1,250-word paper, provide an analysis of the risk management plan that includes the following:

Introduction Risk management is an essential aspect of healthcare organizations’ operations to ensure the provision of quality care and minimize adverse events. This paper aims to analyze a risk management plan in a healthcare organization, including its type, administrative steps, key regulatory agencies, compliance with standards, and proposed changes. The selected risk management plan is a hospital-wide program focused on patient safety and quality improvement.

Type of Risk Management Plan and Rationale The risk management plan selected for analysis is a hospital-wide program focused on patient safety and quality improvement. The rationale for selecting this plan is that patient safety is the primary goal of healthcare organizations, and risk management is a crucial component of achieving this goal. The plan applies to a large urban hospital in the United States that provides a wide range of medical and surgical services to patients. Risk management plays a critical role in the hospital’s operations by identifying, analyzing, evaluating, and mitigating risks that may adversely affect patients’ safety and care quality.

Standard Administrative Steps and Processes The standard administrative steps and processes in a typical healthcare organization’s risk management program include risk identification, assessment, prioritization, mitigation, monitoring, and evaluation (Gordon, 2017). These steps involve identifying potential risks to patient safety and care quality, evaluating the likelihood