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1. HLT 308V Grand Canyon University Risk Management Program Discussion
HLT 308V Grand Canyon University Risk Management Program DiscussionHLT 308V Grand
Canyon University Risk Management Program DiscussionThe purpose of this assignment is
to create an educational program that s the implementation of risk management strategies
in a health care organization.CLICK HERE TO ORDER YOUR ASSIGNMENTYou will create an
outline for a “inservice”style educational risk management program for employees of a
specific health care organization in this assignment. Choose one of the proposed
recommendations or changes you suggested in the Risk Management Program Analysis –
Part One assignment to enhance, improve, or secure compliance standards in your chosen
risk management plan example as your topic for this educational session. PLEASE CHOOSE
A TOPIC FROM THE DOCUMENT I ATTACHED.Create a 500?750-word comprehensive
outline that communicates the following about your chosen topic:Introduction: Identify the
risk management topic you have chosen to address and why it is important within your
health care sector.Rationale: Illustrate how this risk management strategy is lacking within
your selected organization’s current risk management plan and explain how its
implementation will better meet local, state, and federal compliance standards. : Provide
data that indicate the need for this proposed risk management initiative and demonstrate
how it falls under the organization’s legal responsibility to provide a safe health care facility
and work environment.Implementation: Describe the steps to implement the proposed
strategy in your selected health care organization.Challenges: Predict obstacles the health
care organization may face in executing this risk management strategy and propose
solutions to navigate or preempt these potentially difficult outcomes.Evaluation: Outline
your plan to evaluate the success of the proposed risk management program and how well
it meets the organization’s short-term, long-term, and end goals.Opportunities: Recommend
additional risk management improvements in adjacent areas of influence that the
organization could or should address moving forward.You are required to your
statements with a minimum of SIX citations from appropriate credible sources.Prepare this
assignment according to the guidelines found in the APA Style Guide, located in the Student
Success Center. An abstract is not required.Risk Management Plan Sample PaperA risk
management program serves one primary purpose in a healthcare organization, which is to
protect the patients, staff, new employees, and visitors from safety risks that may result in
inadvertent injuries (Carroll, 2019). Also, a risk management program protects the
healthcare organization in terms of its assets, maintaining organization reputation, and
people’s perception of the community. Under the leadership of the risk manager, the

2. program provides the policies, guidelines, and protocols that help address foreseen events
that may make the organization or organization’s staff liable. In this case, the risk
management plan should help in assessment and identification risks, investigation, and
response to safety issues, as well as other compensable events that may occur. Objectives of
a risk management program are to promote quality patient care leading to patient
satisfaction, reducing or preventing the occurrence of adverse events, and creating a culture
that promotes awareness to help staff identify risky situations and report them.Summary of
the Risk Management PlanThe risk management plan acts as a tool for the effective
implementation of the risk management program. This is because it acts as a guide for the
business processes that ensure patient safety and quality care of patients (Carroll, 2019).
The plan provides an ongoing and systematic approach for reducing an organization’s
exposure to patient safety risks. Baylor College of Medicine is based in Houston, Texas, and
the organization is aware that risks are inherent. In this case, the institution recognizes the
need for risk management to ensure that it fulfills its legal and ethical obligations on patient
and worker health and safety. Through its risk management program, the facility provides
students, residents, hospital staff, and patients with a safe environment by identifying and
eliminating eminent risks. In this case, the risk management department in the organization
focuses on enhancing the safety of its patients and staff and relies on reports from the
institution stakeholders. HLT 308V Grand Canyon University Risk Management Program
DiscussionIn this case, the risk management program chosen for analysis deals with the
reduction of unsafe practices that increase the risk of patient falls, especially among elderly
patients. In this case, the program ensures that patients at high risk of falling and injuries
are identified, and intervention procedure is documented. According to Carroll (2019),
prevention of falls is crucial in ensuring the safety of patients in a hospital setting. This is
because data shows that over 45% of patient falls in the U.S resulting in serious injuries and
harm, which in turn results in a cost of approximately $15,000. In this case, reducing
maintaining patient safety by reducing falls will help healthcare provider institutions
reduce harm and ensure they receive maximum reimbursement from insurers.Standard
Steps and Processes in a Risk Management ProgramThe administrative process refers to the
policies that a hospital has put in place to mitigate risks. In a hospital setting, the first step
in risk management is to ensure the organization has a qualified risk manager, who carries
all the risk management administrative activities, including risk financing, procurement of
insurance coverage. He/she is also responsible for conducting risk management training
and education and also managing litigation claims, among others (Carroll, 2019). Also, the
risk manager develops organization policies associated with risk in collaboration with other
stakeholders, as well as ensuring that the policies and operations are compliant to the safety
accreditation bodies. In addition, the management of the healthcare facility is crucial in the
administrative process since it is the directors of the organization that the risk manager
report to. Also, the medical staff and other workers must be involved in risk management
since they are the ones who interact directly with patients. Also, the staff and patients are
the most exposed to safety risks and must be appraised on the communication and other
administrative protocols to be followed in case of an occurrence of a risky situation. In most
healthcare organizations, the risk management process follows five steps, which involve the

3. establishment of the context, risks identification, risk analysis, evaluation, and management
of the risk (Farokhzadian, 2015). Reporting risks is also a crucial part of risk management
and should be integrated with the electronic medical record systems to ensure real time
reporting and reviewing of medical mistakes.In the selected risk management plan, the
standard process in a risk management program starts with the identification of the
persons or assets that need protection (Alam, 2016). In this case, this is the elderly patients
who are prone to falls. The other step involves the identification of threats that these people
face, in terms of the impact of the risk and likelihood of the risky situation happening. This
is the risk assessment stage. The other step involves the management of the risks by
applying controls in a layered manner to ensure the probability of the risk is reduced (Alam,
2016). In this case, the intervention should ensure that tasks do not overlap and ensure
attention to detail since the health and safety of the people should not be compromised. The
other step involves testing the effectiveness of the process by carrying out an evaluation.
Lastly, transfer of liability is a crucial step that ensures that the risks are transferred to a
third party, probably through an insurance program. In addition, new employees should be
made aware of the risk management program to ensure they understand their roles and
ensure they apply the guidelines in their daily activities.Agencies Involved in
Administration of careThe Centers for Medicare AND Medicaid (CMS) is a crucial agency in
risk management since they oversee the policies and regulations that guide healthcare
organizations. The CMS has strict guidelines that organizations must comply with to receive
reimbursement. Also, the Food and Drug Administration is an important agency that
regulates and approves drugs, as well as the medical equipment used in patient and animal
care (Alam, 2016). In this case, the medical equipment is categorized in classes that
determine the regulatory requirements that apply to them, as well as the level of risk they
pose to patients (Alam, 2016). The CDC is also a key agency that ensures the prevention of
diseases, disability, and injuries that threaten the safety of patients. The agency also warns
in case of an event that threatens people’s health and safety. The agency for healthcare
research and quality (AHRQ) is an agency under the HHS and helps improve quality,
efficiency, and effectiveness of care to ensure patient safety. The agency s innovations and
research to help healthcare providers offer evidence-based and better care.Compliance of
the Risk Management Plan with MIPPA-Approved Accrediting Body: American Society of
Healthcare Risk Management (ASHRM)Established in 1980, ASHRM is a member of the
American Hospital Association, where members address issues of patient safety, risk
management, finance, law, and insurance. ASHRM is important to the risk management plan
since it promotes efficiency and innovativeness in the development and implementation of
risk management strategies (ASHRM, 2020). This is because the initiatives developed by the
program aim to ensure the implementation of practices that ensure safe care and working
environments.The risk management program of the organization complies with the ASHRM
guidelines. The organization has implemented policies that align with ASHRM requirements
and ensures it has adequate staff to ensure risks are managed effectively. Also, the
organization’s risk management plan focuses mainly on patient safety. It has also made
efforts to transfer some risks to third party companies by taking insurance covers to avoid
liability that could hinder its productivity. Additionally, the institution has employed a risk

4. manager who is well trained in the field and also ensures other staff are trained regularly to
keep up to date with the risk management program of the organization in case of changes.
Some of the interventions that the organization undertakes to comply with ASHRM include
ensuring they perform injury and fall risk assessment during and after patient admission,
identifying daily changes in patient outcomes, implementing patient-specific interventions
to injuries. Also, the organization maintains effective communication and reporting of
identified safety risks and develops post-injury/fall interventions that aim to prevent future
injuries.Recommendation for ChangesAccording to Carroll, 2019 the time and work that a
risk manager do can influence the quality, safety, and clinical outcomes significantly. In this
case, I would recommend that more resources should be allocated to the department of risk
management. In this case, adding more financial and human resources to the office of the
risk manager will ensure that claims are solved faster, and risk management strategies get
implemented effectively, resulting in better and quality care. Also, delayed handling of
safety claims can create reputation problems for the organization.The other
recommendation is that there is a need to institute change in how evaluation of risks is
handled. Although the risk manager is responsible for this, it is crucial to involve actuaries
in the evaluation of risk exposure to ensure the data is accurate. This will help the
organization use resources efficiently and ensure crucial assets are protected from adverse
risks. Also, conducting regular audits on the frequency of falls and other safety-related risks
is crucial in ensuring interventions are put in place to protect patients from injuries. Lastly,
a more effective monitoring and evaluation program should be developed to ensure the risk
management program works as needed, and the objectives of the program are
achieved.ReferencesAlam, A. Y. (2016) Steps in the Process of Risk Management in
Healthcare. Journal of Epidemiology Preventive Medicine, 2(2): 118.ASHRM. (2020). About
the American Society for Health Care Risk Management. American Hospital Association.
Retrieved from https://www.ashrm.org/about-1Carroll, R. (2019). Risk Management
Handbook for Health Care Organizations (5th Ed). Jossey-Bass.Farokhzadian, J., Dehghan
Nayeri, N., & Borhani, F. (2015). Assessment of Clinical Risk Management System in
Hospitals: An Approach for Quality Improvement. Global journal of health science, 7(5),
294–303. https://doi.org/10.5539/gjhs.v7n5p294