Enterprise Risk Management

Assignment Details (2-3 pages)

For this assignment, make the case for using an Enterprise Risk Management (ERM) process approach to managing risk in a health care organization and why adopting a culture-focused ERM process is essential to risk management in health care organizations.

Consider all of the following in your argument:

• What is ERM?
• How does ERM reduce risk?
• What are the components of a good ERM process?
• Who is responsible for the ERM process?
• Why do health care organizations benefit from an ERM process?

The use of 3 scholarly sources (e.g., textbook, article)