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Risk Management Program Outline

Name: Nidia Cole

Professor: Abdul Mansour

Institution: Grand Canyon University

Date: 08/09/20

Risk management program outline

Introduction

Risk management topic: Medical accidents.

· Medical accidents are the leading causes of death and disability (Atsuji, 2019).

· This topic is important because the key to delivering quality healthcare services is ensuring patient safety.

· Healthcare services ought to be safe, patient-centered, and effective (Carlesi et al, 2017).

Rationale

· In this organization, 4 in every 10 patients have reported being harmed during treatment.

· This mainly occurs through wrong medication which can be caused by improper storage of medicines and lack of verification before administering the medicine among other factors (Atsuji, 2019).

· The current risk management plan does not include a risk management strategy to minimize the chances of medical accidents occurring.

· Local, state, and federal healthcare compliance standards dictate that patientcare should be equitable, timely, safe, efficient, and integrated (Carlesi et al, 2017).

· Implementation of this risk management strategy will ensure that the chances of medical accidents occurring are reduced and therefore patient care will be safer and more efficient.

Support

· Research shows that 1 in every 10 patients in the world is harmed during their treatment at the hospital and this causes them adverse effects.

· Most of the medical accidents occur during primary care and in outpatient healthcare services (Atsuji, 2019).

· Hospitals spend 15% of their revenue taking care of the adverse effects that have been caused by medical accidents (Ghaffari et al, 2020).

· 50% of the medical accidents that occur are preventable and 80% of the harm that results from these medical accidents is preventable (Atsuji, 2019).

· Most of these medical accidents occur in hospitals in low-income countries causing more than 2 million deaths annually (Carlesi et al, 2017).

· Implementing a risk management strategy to reduce medical accidents can reduce patient harm by 15% and can help hospitals to save a lot financially (Ghaffari et al, 2020).

Implementation

· The risk management strategy will be communicated to the staff and the employees of the organization so that they can be ready for change.

· The organization will then formulate policies and programs that will support the implementation of this strategy.

· The organization will budget for and allocate the necessary resources required to implement this strategy such as finances.

· Functions and activities will then be discharged in the implementation of this strategy (Candido & Santos, 2015).

Challenges

· This will be an expensive course because the hospital will have to create more space to store medicines so that mix-up does not occur.

· The hospital will be required to change its culture to involve patients in their care as one way of preventing medical accidents. Changing organizational culture is not an easy course (Verweire, 2018).

Evaluation

· The evaluation of the strategy will be done by assessing how much the cases of medical accidents in the hospital have reduced (Punt et al, 2016).

· This will meet the organization's short-term goal which is to reduce the cases of medical accidents by at least 20 in the first 2 months after strategy implementation.

· It will also meet the organization's long-term goal which is to ensure that no medical accidents causing patients harm will be occurring in the hospital.

Opportunities

· The organization needs to consider improving communication with different medical providers to reduce the risks of medical accidents.

· The organization should come up with a standard procedure to store medicines that look alike to avoid mix up.

References

Atsuji, S. (2019). A Case Study of Medical Accidents and Errors for Kaizen. In Resilience Management for a Sustainable Aging Society (pp. 27-35). Springer, Singapore. Retrieved from https://link.springer.com/chapter/10.1007/978-981-13-5805-0_2

Candido, C., & Santos, S. P. D. (2015). Strategy implementation: What is the failure rate?. Journal of Management & Organization, 21(02), 237-262. Retrieved from http://sapientia.ualg.pt/handle/10400.1/5752

Carlesi, K. C., Padilha, K. G., Toffoletto, M. C., Henriquez-Roldán, C., & Juan, M. A. C. (2017). Patient safety incidents and nursing workload. Revista latino-americana de enfermagem, 25. Retrieved from https://www.scielo.br/scielo.php?pid=S0104-11692017000100319&script=sci_arttext

Ghaffari, S., Ebrahimian, N., Ghasemi, M., & Abbaslu, B. (2020). Collecting Liability for Compensation for Medical Accidents. Iranian Journal of Medical Law, 14(53), 55-76. Retrieved from http://ijmedicallaw.ir/browse.php?a_id=1037&slc_lang=en&sid=1&printcase=1&hbnr=1&hmb=1

Punt, A. E., Butterworth, D. S., de Moor, C. L., De Oliveira, J. A., & Haddon, M. (2016). Management strategy evaluation: best practices. Fish and Fisheries, 17(2), 303-334. Retrieved from https://onlinelibrary.wiley.com/doi/abs/10.1111/faf.12104

Verweire, K. (2018). The challenges of implementing strategy. Journal of Strategic Management, 8(2), 123. Retrieved from https://pmworldlibrary.net/wp-content/uploads/2018/05/pmwj70-May2018-Verweire-challenges-of-implementing-strategy-series-article.pdf