Risk management
- Risk management can be defined as a proactive approach that:
- Addresses the various activities of an organisation
- Identifies the risks that exist
- Assesses the risks for potential frequency and severity
- Eliminates the risks that can be eliminated
- Reduces the effect of those that cannot be eliminated
- Establishes financial mechanisms to absorb the consequences of the
risks that remain
- Why do we need risk management?
- Need a safe working environment
- Personal and professional responsibility to patients
- Need to comply with Health and Safety Legislation
- Reduce risk of litigation
Identification of risk
- A risk must first be identified
- What is the risk?
- How could it occur?
- What is the effect of the risk if not correctly managed?
- Risks can be clinical or non-clinical
Analysis of risk
- Once a risk is identified it must be analysed
- How often is likely to occur?
- How much is it likely to cost?
- What are the potential effects of managing the risk?
- What are the potential effects if the risk is ignored?
Control of risk
- Need to consider measures to control the risk
- It may be possible to totally eliminate the risk
- If it can not be eliminated, the risk should be minimised
Funding
- Funding for Risk management is part of every hospitals budget
- Funding for claims come from
- Clinical Negligence Scheme for Trusts
- Existing Liabilities Scheme
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