Conduct research on approaches to risk management processes, policies, and concerns in your current or anticipated professional arena to find an example of a risk management plan. Look for a plan with sufficient content to be able to complete this assignment successfully. In a 1,000‐1,250-word paper, provide an analysis of the risk management plan

Risk management analysis part 1 – 1000 words ( 4 pages)

During my research, a healthcare organisation’s risk management plan was found that provided a comprehensive method of managing possible risks. The plan’s objective is to minimize harm to patients, employees, and visitors, as well as protect the organization’s reputation and assets. To ensure the plan’s effectiveness, it is reviewed and updated regularly.

A plan should include several components including identification and assessment of risks, risk management, and monitoring and evaluating risk. The risk identification process involves a systematic review of the organization’s operations, and the identification of potential risks that may impact the organization. The analysis includes the probability and impact of every risk. Risk assessment involves prioritizing identified risks, as well as determining an appropriate level of risk reduction.

In the risk mitigation process, strategies are implemented to minimize risk and reduce its impact if it occurs. It may include changes in policies and procedures as well as additional training for staff and implementation of new technology. This process includes monitoring the risks as well as the success of risk reduction strategies.

The plan addresses patient safety as a key concern. Plan includes comprehensive measures to ensure patient safety. These include staff training and implementation of policies. This plan includes an incident reporting process, a pledge to improve patient safety continuously and commitments for staff training and technology.

Privacy and security of information about patients is another concern that the risk management plan addresses. This plan contains policies and procedures to protect patient information. It also includes encryption measures and other security methods that ensure confidentiality. The plan also includes a system for reporting privacy violations and an agreement to improve privacy and security.

My research has led me to conclude that the plan I developed for risk management in healthcare organizations is comprehensive. It addresses important concerns, such as privacy and patient safety, with a systematized process of identifying, measuring, mitigating and evaluating risk. It is updated and reviewed to maintain its effectiveness and to demonstrate a dedication to continual improvement.

Reference:

Polit, D. F., & Beck, C. T. (2017). Nursing Research: Generating and Assessing Evidence for Nursing Practice Wolters Kluwer Health.