Health & Medical Health & Medical Insurance

Define Risk Management in Healthcare

    Function

    • Health care risk management serves to protect patients by reducing medical errors, ensuring the competency of medical professionals, staying up-to-date with state and federal medical regulations and managing pharmaceutical data. Risk management in health care also ensures the protection of an organization and its workforce by eliminating hazards through safety management trainings.

    Features

    • To keep patients safe, health care entities perform quality assurance audits and monitoring activities to see to it that patients are receiving optimal care, and that medical equipment is in safe operating order. Patient areas are checked for things such as cleanliness, sterilization and the proper disposal of sharps and needles. Identified risks will be reported, and efforts will be made by the organization to eliminate hazards.

    Significance

    • It is a serious concern when patients are exposed to risk management issues and can sometimes be a matter of life and death. The Institute of Medicine of the National Academy of Science concluded that approximately 98,000 patients suffer accidental deaths in hospitals each year due to medical errors.

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