Risk management on medication error Name Institutional affiliation Tutor Date Risk management on medication error The healthcare practitioners are charged with the responsibility of provision of effective medical care to their patients. One of the responsibilities of ensuring that healthcare practitioners discharge effective medical care relies on the fact that they are charged with the role of prescribing the best medication to the patients…
This can be done by quick and speedy detection of the errors so as to alleviate adverse effects that may result from the menace. The quantity of errors reported from the healthcare setting has resulted to high numerical counts of deaths. In this situation, Joint Commission Resources (2001) shows that the matter of medical safety must not be approached carelessly, but a group effort of all the involved stakeholders in tackling the issues. This can be achieved by the administration of the affected healthcare institution by establishing a plan whereby the health practitioners can find means of reporting any form of errors that take place in the health institution. In this case, the institution will be better positioned in terms of risk management that may arise due to medical errors, an added benefit to the patients. Risk management, according to Cohen (2007), requires collective effort, the health providers have to feel comfortable and always report errors that emanate from dispensing duties. This will create a situation whereby the health practitioners will accept their mistakes and actually learn a great deal from them. This fear-free culture will indeed allow the health practitioners to be comfortable with their bosses. Risk management of medical errors, in one way or another allows the health practitioners to devise measures of dealing with factors that may lead to packing the wrong medicine to the patients, labeling or even give the wrong information regarding consumption of the medicine. No matter how experienced medical practitioners may be, chances are that they may get involved in medical errors. Strategic Objectives At Risk (SOAR) process and risk management This leads to the development of the risk management methodology that endeavors to identify the types of risks in the healthcare setting, and devising the best means of dealing with the risk. Monahan (2008) indicates that for risk management to be effective, the Strategic Objectives at Risk (SOAR) process has to be applied. This, according to Monahan’s research refers to the process in which the risk managers can have a better understanding of the risks involved; thus, devise the best methodologies that can influence positive outcomes to deal with the risks. In the course of applying the Strategic Objectives At Risk (SOAR) methodology, the health practitioners will have a better opportunity to gain an understanding of the factors underlying the actions that are applied in the case of dealing with medical errors. Therefore, the managers are well guided on what policies to apply if they have to manage risks objectively. Through systematically laying out of the factors that deal with medical errors- the SOAR methodology-risks can be well assessed and managed (Monahan, 2008). Risk identification and analysis Medical errors can be categorized in a number of groups. One of the errors that may take place while dispensing medical care includes the prescribing error. This error involves giving the patients the wrong medicine either by mistaking the types of products present in the store or by not being certain the implications of a particular drug on the patients. As a result, Cohen (2007) indicates that there is a great likelihood that the patients ...
Cite this document
(“Risk management Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
Retrieved from https://studentshare.net/other/7296-risk-management
(Risk Management Essay Example | Topics and Well Written Essays - 2250 Words)
“Risk Management Essay Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.net/other/7296-risk-management.
The risk management practices also aim to maximize the realization of opportunities. The effectiveness in risk management practices determines the performance level of an organization. Similarly, persons at the helm of affairs of risk management team must be capable dealing with any contingency equanimously.
Operations risk management involves the actual risks of company operations. The overall ethic of risk management is referred to as the risk culture of a company. A Strong Risk Culture The general features of a strong risk culture include leadership and management.
With an ambition to be the leader in world air travel business, emirates Airline has over the years put in place measures and strategies that ensure that its cherished customers are give the very best of service. Part of these services is the practice of ensuring safety and security.
The first is that of addressing uncertainty explicitly. Through defining risk and expressing it explicitly, the risks have value and can be addressed for the specific meaning to the organization. The second is through tailoring the risk management to the needs of the organization so that it is relevant.
The investments in housing, real estate and properties were lucrative in the initial days. The investors had the opportunity to multiply their amount of investment in a short period of time due to appreciation of prices of the land properties. In addition to that the US government also passed laws to ensure that all the citizens of US irrespective of their financial status should have land ownership rights.
While the course has offered diversified elements of risk management, I considered some lessons and themes more significant. This paper identifies the important themes and makes recommendations to the U.S. government, the Federal Reserve, and large multinational manufacturer of consumer personal care products for coping with risks over the next 1-3 years.
It accompanies policy driven actions. Systemic risk is not restricted to the national borders. They are not able to be managed through the events of a single sector (J. Vaughan & T. Vaughan, 2012). They need healthy approach to governance to be managed adequately.
In addition to that the US government also passed laws to ensure that all the citizens of US irrespective of their financial status should have land ownership rights. This created a bubble in the housing
With the many examples of risks provided by the speaker such as mountain climbing, it is easy to make out what the speaker is bringing out in their speech. Through the speech as well, one can easily plan on how to handle with risks that
1 Pages(250 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Risk management for FREE!