Risk Management Plan in hospital (2) - Essay Example

Administrative controlCost containmentPart of the business plan for the hospitalHospital Risk Management: Operative ActivitiesRisk identificationPreparation for emergencies and disasterProper discharge and appropriate patient transferAttainment of informed patient consentOptimal medical staff monitoring and peer reviewClaims investigation and claims managementSpecific disease policiesAdministrative ControlAdministrationOperationEnvironmental concernsPatient careMedical ancillary departmentsLegal and ethical issuesFinancing for these activitiesScopeCost containmentCounteracting spiraling risk associated costsSpecific risks and their solutionsImprovement in stakeholder satisfactionIntegration with quality assessmentSpecific RisksLiability risksMalpractice suitsLocal legislation and regulationsFinancing and insuring risksRisk prevention Transfer techniquesPatients' rightsAccidental fallsProperty damageReduction in cash flowEmployee benefit risksLowering community imageObjectivesA confident decision making and planning to ensure patient safetyAnalysis of patient safety issues and policies yields accurate identification of opportunities and threatsAppraisal of uncertainty and variability of scenarios and extracting meaning out of themProactive management and planning targeted at preventionUniform and legitimate allocation of resources in synchronization with quality policies of the hospitalEfficient management of adverse incidents leading to cost cutting and loss preventionEnhanced stakeholder trust, reputation of hospital, and confidence building in potential future customersConformity to legislative and legal frameworksSmooth and effective corporate and clinical.

From that perspective, while dealing with the issues related to patient safety, it must be considered that most medical and nursing professionals are aware about the issues related to patient safety. Studies of other high-risk industries and human factor engineering have led to advancement of knowledge about how mistakes and errors can lead to compromise in patient safety while cared for in a hospital. Indeed, the issues with patient safety are very closely linked with quality of care delivered, and medical profession is ethically bound by the principles of no harm.

Current knowledge indicates that many people admitted to the hospital may suffer an injury resulting from error or negligence on the part of caregiver, for which not only the hospital, but also healthcare professional is responsible leading to liabilities. These are known as adverse events, and a risk management plan drawn on the current scenario of the care in the hospital would be legitimate. In this assignment drawing on the AS/ANZ 4360:2004 as developed in HB436:2004, a risk management plan for patient safety in this writer's hospital will be developed with appropriate arguments for all steps of the plan.

Connection of the context with the hospital's internal policies of safety risk solutions, quality control, goals, and objec