NURS 300 Professional Transitions In Nursing
Question:
Answer:
Risk is defined as an event or incidence which can probably occur and it could positively or negatively impact outcome of the organisation. Risk can have one or more reasons to occur and also it can have one or more impacts. Tools and techniques were implemented to monitor and trail events and incidences that can potentially prevent risks. Policies and procedures related to the risk management programme were developed prior to the implementation of the programme. Responsibilities for the implementation and monitoring of the programme were given based on the expertise and experience of the different stakeholders. Targeted time schedules were followed during implementation of the programme. Risk management is the ongoing process throughout the lifecycle of programme and main focus was given to plan, identify, analyse, monitor and control the risks. These processes were updated during the whole lifecycle of the programme because newer risks were evident at different times. Risks were identified prior to initiation of the project and number of risks went on increasing as risk management programme advanced. Mitigation steps and contingency plans were effectively implemented in this risk management programme. Risk management programme comprised of four stages like risk identification, risk quantification, risk response and risk monitoring and control. Risk management programme was developed and implemented to ensure the safety of patients, staff and organisation. Different stakeholders like physicians, nurses, ward boys, administrative people and management people were incorporated in the risk management programme. Training was given to all the stakeholders for implementation risk management programme. Healthcare risk managers were mainly responsible for the assessment, development, implementation and monitoring of the risk management plans to achieve the goals to reduce risky exposure. Roles and responsibilities of administrative people were decided by head of the organisation. designing and implementing, risk management programme challenges encountered in the organisation were analysed and risk management programme was planned with respect to challenges. Identified challenges in the healthcare organisation were patient safety, compulsory federal regulations, potential medical errors and healthcare legislation. Negative effects of the potential risks were identified and efforts were made to reduce these risks. Directives of the governing organisations like department of Health and Human Services, Food and Drug Administration (FDA), and American Society for Healthcare Risk Management (ASHRM) were incorporated in the preparation of the risk management plan.
Policies:
Healthcare risk manager should develop policies related finance, insurance and claims. Policies related to emergency preparedness should be developed by healthcare risk manager. Plans and policies related to incidence and event management should be prepared by risk manager. Leadership level authorities should develop policies for development of risk management policy. This policy should be consistent with the risk management strategy of the organisation. Senior level authorities should develop policies related to the implementation of plans and prioritising delivery of risk management policy inside scheduled timeframe and allocated budget. Management level authorities should make policies related to the purpose, role and benefits of the risk management policy and alignment of the policy with the organisations policies and procedures. Support level authorities should make policies related to the purpose of the risk management programme (Girling, 2013; Greene, 2014).
Joint Commission role :
Joint Commission should play important role in the Accreditation of Healthcare Organizations. This accreditation can be helpful in improving safety and quality of healthcare to be provided to the patients. This quality care can be provided through providing health care accreditation and associated services which can be helpful in improving performance of healthcare organisation. Joint Commission role also comprise of performance measurement, information dissemination and public policy initiatives. Accreditation can be helpful in the standards development and comparison with respect to established standards. Joint Commission’s role will also comprise of : Identifying potential risk, measurement of extent of risk, identifying extent of outcome, if risky incidence occur, analysis of efforts to be taken to reduce risks in the organisation, analysis of efforts to be taken to reduce negative impact of the risky events and incidence and identifying potential of exposure (Calloway, 2014).
Relationship:
Ethics are mainly responsible for the good business practices like good healthcare services. Good ethics can be helpful in the setting priority tone at the top for the management for implementation of risk management programme. Top management’s truthfulness and obligation for the ethical values are mainly responsible for preferences, judgements, behaviour and compliance with legislation. Factors responsible for effective compliance and ethics are governance, culture and values, incentives and rewards, risk management, policies and procedures, communication and training, monitoring and reporting, escalation, investigation and discipline and issues management and an on-going improvement process. Business is considered as the first line defence for implementing and manging risks effectively. Implementation of the risk management should be in accordance with the expectations of the board and senior management. Compliance and ethics or risk management should be considered as the second line of defence and there should be optimum resources, freedom and authority for the implementation of the risk management programme, monitor it and intensify risky problem. Internal audit can act as third line of defence and it is accountable for the delivering autonomous authentication. It also gives surety that all the risk management programmes are in place and these are functioning effectively. It is the responsibility of the senior management to give more emphasis to implement culture of compliance and ethics. It is also the responsibility of the senior management to implement effective organisational risk management programme which includes strategic planning, capital allocation, monitoring of activities and compensation incentives. Board of directors directly related to enforcing, monitoring, ensuring risk management. Board of directors also responsible for meeting regulatory, compliance and ethics obligations (Luetge and Jauernig, 2013; Lina, 2015).
References:
Calloway, S. D. (2014). The Compliance Guide to the Joint Commission Leadership Standards. CPro, Political Science.
Girling, P. X. (2013). Operational Risk Management: A Complete Guide to a Successful Operational Risk framework. John Wiley & Sons.
Greene, S. (2014). Security Program and Policies: Principles and Practices. Pearson IT Certification.
Lina, S. (2015). Ethics and Risk Management. IAP.
Luetge, C., Jauernig, J. (2013). Business Ethics and Risk Management. Springer Science & Business Media.
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