This website uses cookies to ensure you have the best experience. Learn more

Risk Mangement Essay

1187 words - 5 pages

AbstractThis paper serves to look inside a healthcare institution and the vital components involved in minimizing risks in areas that are inherently wrought with them. The areas examined in this project include the risks in the field of emergency room medicine, radiology, as well as obstetrics, gynecology, and neonatal care services. The strategies used to maximize the reduction of these risks, both old and new, and their effectiveness in past, present, and future occurrences will be carefully examined. In addition, we will delve into different institutions and their success rate in minimizing risks in high-risk areas.IntroductionRisk management is not a new term in the healthcare industry. However, one is always broached with caution. Any industry has risks, both inherent and added, that it must take into consideration. The strategies to reduce these risks present modern day risk managers with an extreme challenge, and the stakes of not reducing these risks are becoming increasingly higher. A risk manager must be able to asses and evaluate a plethora of risks on any given day and in any given circumstance; the risk managers in high-risk healthcare areas are no exception. In fact, these individuals are presented with a challenge of much higher caliper than those under ordinary health care circumstances. A few of these areas include neonatology, obstetrics and gynecology, as well as emergency room medicine (Kavalar & Spiegel, 2003).Obstetrics, Gynecology, and NeonatologyAn interesting take on approaching care in the field of obstetrics and gynecology is that of Stanford University and their so-called "dummy" (Greenwald, 2008). This device has the ability to simulate almost every medical mishap thought possible (2008). The creativity of Stanford Medical University should be applauded, as their risk management team was innovative enough to develop such a tool to aid the medical staff in preparing for the unexpected (2008). Not only does this patient simulator present the staff with the challenge of what to do in extenuating medical circumstances, but it also records things such as their response time to any given medical condition and medical emergencies that one may encounter. The reactions of the medical staff is then reevaluated by the risk management department in effort to determine how care could be achieved in a faster, more efficient, and less harmful manner for the patient when they are presented with a real life encounter of this sort (2008).RadiologyIn radiologic imaging and interpretation, it appears as though some of the largest risk factors stem from poor communication, poor diagnostic reading interpretation, inappropriate follow up, and, according to a study at Yale University, the clinicians infidelity to their own interpretations (Healthcare Risk Management Data; Data from Yale University, 2010). There are too many modifications to the initial report, and this is seemingly done so after the fact, in an assortment of scenarios,...

Find Another Essay On Risk Mangement

Human Resource Information Systems Essay

6342 words - 25 pages computerized appraisal interview (where the implementation pertains to beliefs and values concerning integration and lateral interdependence, performance orientation, top management contact, and risk-taking). Human Resource Data PracticesAccording to Zeidner, (2008), the U.S. Government Accountability Office reported that most data breaches do not result in identity theft and that the risk that any one individual is targeted declines when the breach

Working Capital Efficiency: A Comparison of Pakistani Cement and Textile Industry

2129 words - 9 pages days (Inv) and current ratio. Size of business (Natural log of sales) and gearing are used as control variables. This study is based on secondary data and the number of observations is 400. Data sources are State Bank of Pakistan and Annual Reports of firms. Data analysis methods consist of regression analysis and index numbers. Major finding of the study is the working capital mangement of cement industry is better than textile industry. There is

Team Leadership

2198 words - 9 pages organizations' moral atmosphere.Engaging in ethical leadership greatly reduces the risk of falling victim to the same types of large-scale corporate scandals that marked the arrival of the new millennium. These scandals demonstrate that the price of moral failure is steep. The consequences are losing job and retirement savings; stock values shrank; top executives were ousted and, in some cases, faced lawsuits, criminal charges, and jail time

ZARA International Marketing Strategy - Algoma University - Research Paper

3789 words - 16 pages International Marketing (MKT3130/32) Seminar Tutor: Kinnari Pancholi Student Name: Iglika Karakusheva Student Number: M00537208 Word count: 3256 Executive Summary The following report analyses important issues in international marketing strategy in the context of Zara, a Spanish fashion retail chain of Inditex Group. The report studies Zara’s international markets as well as assesses the risk elements involved, including the political, economic

Concorde project

3343 words - 13 pages ;exchange £30m;revision of estimates £10m1974£1070m1975£1096mInflation £50m;exchange rate £15m;1976£1154mInflation £46m;exchange rates £21mGOOD PROJECT MANGEMENT METHODOLOGYThe mistakes which were made by the British and French government while making the Concorde project could have been neglected by using good Project Management Methodology. The following are strategies which would have helped

Small Business and Outsourcing, Advantages

4037 words - 17 pages to make better decisions and see higher production in output. CAPTIAL COST In order for companies to grow, they will need capital to fuel their growth. The need to obtain capital is one of the hardest challenges for small business owners. Chari’s (1994) research found that banks are reluctant to give small businesses loans because of the risk of failure and lack of banking history. This makes obtaining loans very difficult for new

Challenging Topgrading Concepts Of Maximizing Human Resources And Reduces Cost

3837 words - 16 pages . Flexibility and proper justification for selection maximizes HR resources for good hires.Ambiguous criteria rating leading to mishiresTopgrade claims that no one would be perfect at its CIDS selection; it is not perfect science. Selection can only be good as its assessor. Ambiguity from "creative" assessment could contribute to a larger part of false assessment and risk of mishire cannot be eliminated.Higher recruitment cost getting "A

Analysis of the Overall Business Environment of M&S

3302 words - 14 pages analysis (see in Appendix I) shows that the most of the factors are highly influenced the M&S, except environmental and technological. So that M&S needs to come up with marketing strategies such as price, promotion, product, etc., that minimises the operational risk to sustain their business in competitive edge. Similarly, stakeholders, customers and suppliers are another parts of the microenvironment. They were directly involved in the daily

The Impact of HR Practices on the Retention of Employees

4218 words - 17 pages and developing internal personnel shrink the cost and risk of selecting, hiring and internalizing people from external labour market which increase employee efficiency and lessen turn over. Companies also give a hand their employees in career planning so they captivate more responsibility for their own improvement (Doyle, 1997). Training may engage paying for advanced degrees and classes in fields important to the company may hold on company

A Group Research of Nokia Incorporation

5425 words - 22 pages if price decreases). Auctions and "Opportunity cost" pricing will be likely to maximise revenue.In the end, a firm pledge to the setting makes good business sagacity. By behind sustainable development, they diminish risk, guarantee lawful fulfillment and endorse long-term monetary escalation. Of course it is our operation to scuttle a profitable and mounting business, but that doesn't mean business at any cost (Barney,J. 2001, 99-120).Legal

When the Bubble Burst

1539 words - 6 pages bought up by various investment firms and fund investors, and offered various rates of return based on the risk the investor wanted to take. The safest parts of the bonds were the senior level and offered the lowest interest rate, but the investors in these were surest to recover from their investment. The subprime adjustable rate mortgages were referred to as the equity level and represented the highest risk, but offered a highest interest rate

Similar Essays

Risk Mangement Essay

777 words - 3 pages The principal goal of health care providers is provide the best quality of care they can to their patients in all areas and services, especially these with high risk which include emergency rooms. Most emergency rooms are open 24 hours a day, 7 days a week, for that reason a large amount of people use an emergency department to resolve their medical problems including primary care, minors and complicate medical problems, car and other accidents

Proper Accounting Practices In Education Ncu Edu 5013 Week 6 Essay

1139 words - 5 pages SCHOOL RISK MANAGEMENT . Retrieved from Seen Magazine: http://www.seenmagazine.us/Articles/Article-Detail/articleid/4383/effective-school-risk-management National College for Learning and Teaching. (2016). The Strategic Mangement of Risks. Retrieved from National College for Learning and Teaching : https://www.nationalcollege.org.uk/transfer/open/dsbm-phase-3-module-3-planning-strategic-initiatives-in-schools/csbm-5f-s1/dsbm-p3m3-s1-t1.html Tuyub, M. (2013, February 19). When Schools Misuse Funds, Students Suffer. Retrieved from Daily Titan: https://dailytitan.com/2013/02/when-schools-misuse-funds-they-hurt-their-students/

Philanthropy And Fund For Projects Essay

1792 words - 8 pages with the objective of improving service delivery. The Pilot and Demonstration Activity projects will provide testing and validation of pilot approaches to policies, technologies and business models which are intended for developing and enhance sanitation management and water services delivery with the intent to repeat a similar scale-up successful approach across the region. The Septage Mangement project aims to modernise sanitation and septage

Human Resource Information Systems Essay

6380 words - 26 pages interdependence, performance orientation, top management contact, and risk-taking). Human Resource Data PracticesAccording to Zeidner, (2008), the U.S. Government Accountability Office reported that most data breaches do not result in identity theft and that the risk that any one individual is targeted declines when the breach includes large amounts of data. In addition, laws suits by employees and union officials against employers whom they perceive are