Risk Management In Healthcare

Paper Summary:

The paper answers specific research questions relating to management of business in the healthcare industry. The paper examines the element of risk present in the provision of healthcare and those aspects that must be given careful consideration, which is referred to as 'risk-management.' The paper reviews the literature and concludes that more research is needed in the area of risk-management, which will provide models for reducing risk in the provision of healthcare.

Outline:
Objective
Introduction
Questions Of The Research
I. The Business Side Of Risk In Healthcare
II. The Risk Manager Evolves
III. Organizational Structure And Risk Management
IV. Defining The Elements Present In Managing Risk
Summary And Conclusion
Bibliography

From the Paper:

"In the healthcare field there are different kinds of risks and these risks are of a very differential nature one from the other. The existing risks in the healthcare field are inclusive of the business side of risk and the human side of risk. In terms of risk for the 'business side' of a company that which is considered to be 'at-risk' is the company operations, the company premises (building, inventory, machinery). There is another side to the risk of a company or organization which is referred to as the human side of risk for the business, or liability of the company in the event someone is hurt and it can be attributed to the premises, practices, or product of the company."

Sample of Sources Used:

• Abbott, R. Weber P., and Kelley, B.(2005) Medical professional liability insurance and its relation to medical error and healthcare risk management for the practicing physician. American Journal Ophthalmology. 2005 Dec;140(6):1106-1111.
• Stearns, J. (1991) Instituting a concurrent process for monitoring the clinical risk of physicians' practice. Top Health Rec Manage. 1991 Nov;12(2):8-21.
• Becker, C. (2006) Hedging their bets. Hospitals adopt sophisticated strategy to lessen risk. Mod Healthcare. 2006 Jan 30;36(5):12-3. No abstract available. PMID: 16479776

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