Risk Management and Health Care Legislation Medicine Research Paper

Risk Management and Health Care Legislation
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Risk Management and Health Care Legislation
Risk management in healthcare entails the processes that healthcare facilities use to identify, control, or prevent certain risks whereby doing so, the organization's brand and patient's life are protected. The general role of healthcare risk management is to provide patients with safe and less medical errors that would deny healthcare to meet their every mission and keep them from any financial challenge (Choi et al., 2016). The legal, political and reimbursement culture has led to a more complex healthcare risk management. With some of the major components of the risk management is first identifying the risk that faces healthcare then once you have identified what these threats are, prioritize these risk depending on how much they are likely to affect various stakeholders and place the right resources to handle each one of these threats (Choi et al, 2016). Quick action should be taken for immediate patient safety measures to avoid increased risks in the future. Investing in a Robust Risk Management Information System (RMIS) will help provide means for tracking risks leading to better performance of health systems.
Due to the presence of the Affordable Care Act, tremendous progress has been made towards solving various challenges that are facing the U.S. health care systems in matters of accessibility, affordability, and quality. From the time this Act was made law, the rate of uninsured has gotten to nearly fifty percent following such reforms. The number of young people that cannot afford healthcare has reduced and now a presence of financial security (Hartung, 2017). This law has done major transformations on the payment of healthcare employees. These new trends have led to a stunted growth in the way healthcare spend leading to an improved healthcare system. Following these trends, it is required of policymakers to contribute to ensuring there is increased federal monetary assistance for enrollees as well as ensuring that the prescription drugs are affordable for every patient. With the help of health insurance reforms, Americans both children and adults can now excel in all spheres of their lives (Hartung, 2017). For the past five years, they can access health coverage while the federal government presents various tools for making health care cost affordable for everyone.
One type of legislation in the United States is the Patient Protection and Affordable Care Act of 2010, which is also referred to as Obamacare. It brought with it health insurance exchanges and made it mandatory for every citizen to get health insurance (Frean, 2017). Some of the health benefits of this legislation included emergency services, hospitalization, maternity and newborn care, providing affordable prescription drugs, providing preventive and wellness services and chronic disease management as well as pediatric services. The main motivation for this legislation was to extend health insurance coverage to several uninsured Americans (Frean, 2017). It enlarged the Medicaid eligibility and established a Health Insurance Marketplace.
Despite the challenges facing the legislation on health...