HCS/456: Risk Management Wk 5 Summative Assessment: Risk Factors Report Exam Content As a risk manager, your job is to reduce the liability and risk associated with operating a health care organization, such as patient safety, branding perception, employee safety, etc. A huge part of this is thinking ahead

HCS/456: Risk Management Wk 5 Summative Assessment: Risk Factors Report Exam Content As a risk manager, your job is to reduce the liability and risk associated with operating a health care organization, such as patient safety, branding perception, employee safety, etc. A huge part of this is thinking ahead and planning to avoid and reduce risk factors before they occur. By analyzing factors that influence risk management in the health care industry, you can be proactive and advise your organization on actions to take. Preparation Choose one possible risk you may encounter in the health care industry. You are welcome to choose one of the following situations or choose a different situation with approval from your faculty member. • Release of HIPAA information • Mistake in surgery • Patient falls • Fraudulent billing • Profit losses due to procedure or services Assessment Deliverable Write a 700- to 1,050-word report to the vice president of quality in which you: • Describe your chosen risk and an example scenario of how that risk could present itself. • Describe risk factors, internally and externally, that affect this risk. • Explain the role that accreditation standards and regulations play in addressing the chosen risk. • Analyze the challenges that addressing the risk may cause. • Explain how a risk manager will need to adjust and adapt to overcome these challenges and avoid future risks. • Analyze future trends (e.g. technology, staff changes) that may affect the risk and mitigating it in the future. Submit your assessment.