Risk Management- HPSO

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Added on 2019-09-26

Risk Management- HPSO

Added on 2019-09-26

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A RISK MANAHEMENT PLAN TEMPLATE TO BECUSTOMISED FOR YOUR ORGANISATION

Risk management is an integral component of a healthcare firm's standard business practice. Healthcare Providers Service Organization (HPSO) and Nurses Service Organization (NSO), the administrators of your professional liability insurance policy, have partnered with CNA HealthPro (the program underwriter) to provide you with the elements of asample risk management plan. This resource also includes references to how that plan interfaces with the organization’s overall risk management program.Firms may use acustomized version of the sample plan to meet the specific needs and unique characteristics of their healthcare practice. We encourage you to use this as a guide to develop your own risk management plan. This is intended as a suggested general format. Please do not rely solely on the suggested text included in this document. We recommend that you add content that is specific to your business and clinical practice. 2

[SAMPLE RISK MANAGEMENT PLAN] [ORGANIZATIONNAMEBUSINESS ADDRESSTELEPHONE NUMBERFACSIMILE NUMBERWEBSITE ADDRESSEMAIL ADDRESS]MISSION STATEMENT[Enter organization’s mission]PurposeThe purpose of the risk management program is to protect patients, staff members and visitors from inadvertent injury. The program is also designed to protect the organization’s financial assets and intangibles, such as reputation and standing in the community. The risk management plan is a primary tool for implementing the organization’s overall risk management program. It is designed to provide guidance and structure for the organization’s clinical and business services that drive quality patient care while fostering a safe environment. The focus of the risk management plan is to provide an ongoing, comprehensive, and systematic approach to reducing risk exposures. Risk management activities include identifying, investigating, analyzing, and evaluating risks, followed by selecting and implementing the most appropriate methods for correcting, reducing, managing, transferringand/or eliminating them. Authority and Role of the Risk ManagerThe risk manager is empowered by the governing body to implement the functions and activities of the risk management program with the assistance of the patient care and administrative staffs. The governing body has overall responsibility for the effectiveness of the program and providing the necessary resources. The governing body’s responsibilities are supported through regular written and verbal communications regarding risk management activities that may affect the organization’s finances. The role of the risk manager is to maintain a proactive risk management program in compliance with the provisions of federal, state, and local statutes, applicable scope of practice and regulations. The organization may participate with voluntary accrediting organizations. The risk manager is responsible for creating, implementing, and evaluating the outcome of the risk management plan. These activities should be coordinated withquality/performance improvement, infection control, organizational/patient safety and environment of care management. The specific description of the risk manager’s role should be addressed in a separate job description approved by the governing body. 3

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Risk Management- HPSO