Risk Management In The Hospital Setting

1002 words - 5 pages

Risk management is the system in which companies assess potential liabilities within an organization (Raso, Gulinello, 2011). Through this process information is gathered, assessed, and implemented to avoid these potential risk. Risk managers are beneficial to their organizations because not only do they save money but they can also save lives. In the hospital setting where mistakes can cost someone their lives, risk managers work to develop protocols to help prevent human error. Information is gathered through the process of evidence based practice as well as guidelines in place by best practice. Not only do they help protect the lives of the patients within the facilities, they are also responsible for ensuring staff safety. A risk manager’s responsibility is multi-faceted and complex. They will prevent potential litigations by implementing patient safety protocols, reduce risk to associates, and reduce cost to the organizations.
Never events
In order for hospitals to be reimbursed from government based insure companies certain standards must be met. When standards are not met, any subsequent cost in relationship to preventable errors will not be remunerated (Youngberg, 2011). These preventable errors are termed never events. Never events are considered error that can be prevented if certain checklist and guidelines are in place are followed such as medication errors, falls with injury, wrong surgical site, and pressure ulcers (Agency for Healthcare Research and Quality, 2012). There are currently ten mandated never events (Youngberg, 2011). In order to avoid these preventable human errors, risk manager help implement policies and procedure. This process based on risk analysis and outcomes which helps to improve patient care and safety. In order to have a successful outcome in policy changes, risk manager will delegate task to unit managers to provide this informations to their staff.
Falls with injury
With falls with injuries costing “30 billion dollars in 2010” (CDC, 2012), it is essential for risk managers to implement fall risk precautions. Many times in the hospital setting we are caring for the elderly patients who may be confused, or have several comorbidities that can increase their risk for falls. Caring for the confused elderly patient can be difficult in that, they do not have to cognitions to realize they cannot ambulate without assistance. This poses a great risk for a sentinel event to occur. In order to reduce the use of restraints, risk managers develop policy that can aid the staff caring for this patient. Therefore to proactively care for high fall risk patients, implanting precautions such as bed alarms, chair alarms, placing patient at risk close to the nurse’s stations and even medical sitters can reduce these risks. It is imperative to the safety of patients that staff remembers work collaboratively to achieve these goals. Falls with injuries encompass several factors and are reportable to the...

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