Risk Management Program Analysis - Assignment Part One

RISK MANAGEMENT PROGRAM ANALYSIS
Name:
Institutional Affiliation
Risk Management Plan
Stephen F. Austin State University recognizes that risks are inherent in all university operations. Moreover, risk must be managed in order for the college to fulfill its ethical and legal responsibility under the work health and safety regulations. The university is responsible of providing residents, staff, contractors, voluntary workers, and visitors with a safe and healthy environment. In addition, the university is required to ensure that the operations and activities of the institution do not put the local community or institution surroundings at risk of injury, illness, harm, or damage. The risk management plan focuses on the on employees and students.
Steps of Risk Management in Healthcare Organization
The risk management process of a healthcare organization follows five basic steps, including establishing the context, identifying risks, analyzing risks, evaluating risks, and managing risks. The Healthcare industry is considered as an essential sector that affects every living person. Given this aspect, the quality of health care services offered within this industry is an important feature of the world’s health market competition, an element that denotes the need of incorporating adequate risk management procedures(Allen, et al. 2015). The inclusion of Total Quality Management (TQM) plays a significant role in promising better outcomes within the health care industry. Learning from medical mistakes is an aspect that is acceptable in health care institutions.
Errors in reporting are currently a vital component in the development of safety programs. Within health care organizations, physicians are considered as unenthusiastic in engaging in patient safety procedures and in being open about the errors since they believe they may engage in these acts without guarantee of legal protection(Allen, et al. 2015). However, having an appropriate risk management approach in health care organizations prevents human errors from reaching the patients. This, therefore, necessitates the need to understand the root causes of these errors, an aspect that requires proper knowledge.
The role of incorporating TQM programs within a health organization is primarily directed towards managing the potential risks that an organization is likely to encounter, hence reducing costs and improving the organization's customer satisfaction. This goal is achievable when quality improvement approaches are incorporated in the delivery of health care services among care professionals who are driven towards striving for constant improvements in the development of care standards(Verbano & Venturini, 2011). Through this, the care providers are in a position to foster a culture that embraces the management of risks through the inclusion of evidence-based technology in the process of care. Regular training on the improvement of patient care, communication skills, and styles including the incorporation of teams remains an effectual element in achieving this goal.
The prevention of complications in the process of care and providing support to patients necessitates the need to combine several disciplines including the incorporation of multidisciplinary ...