Part One: Defining the concept, recognizing its value

1 JANUARY 2006 AMERICAN SOCIETY FOR HEALTHCARE RISK MANAGEMENTINTRODUCTIONT oday s health care organizations are complex entities facing newchallenges and emerging risks that pose threats to their financialand operational well being. enterprise risk management (ERM) istaking root spurred by globalization of business and financialmarkets, increased integration of capital markets and the insuranceindustry, development of sophisticated tools for risk modeling,increased regulatory controls, and greater interest in corporate governance. ERM provides a new approach to identifying and treating risksand to gaining advantage in the health care delivery marketplacethrough management of risks found across the organization. Theserisks go beyond the traditional focus of medical liability or safetyissues. Indeed, these risks are as diverse and fundamental as thebusiness operations of the health care organization itself.

2 ENTERPRISE RISK MANAGEMENT represent the single largest source of admissions to most hospitals. The ED can put a health care organization at risk for fines and penalties for failing to meet the requirements of applicable laws and

Loading..

Tags:

  Management, Risks, Enterprise, Concept, Defining, Enterprise risk management, Defining the concept

Information

Related search queries