Managing risk in a healthcare system is a tough job. And in this era of quality measures and reimbursement reform, the job of not just managing risk, but also proactively improving patient safety is critical. That’s because improving patient safety improves overall patient outcomes, a goal that’s being driven by declining reimbursements and a potential loss of reputation if organizations aren’t able to demonstrate compliance with the Affordable Care Act‘s mandates — two situations that could put a health system out of business. To reduce the current inefficiencies in the risk management process, two solutions are necessary: an EDW and a simple data entry application tool. These solutions will give risk managers — and everyone else involved in the process — an easy-to-use tool to review the risk event in near real time and in one location. This approach eliminates the current tedious process of using emails and meetings to collaborate on each event.