Responsibility for Risk
Management
FAIZAN ZAFFAR KASHOO
RISK MANAGEMENT
 Risk management is the process of
identifying potential threats that could
severely damage or completely ruin an
organization,
Categories of potential risks
✦ Hazard
✦ Market
✦ Reputation
✦ Operations
✦ Human Capital
Hazard Risks
 The risk presented by natural climates
 The best way to protect the organization is by
insurance.
Market
 Changes in the target market present serious
risk to the organization.
 No insurance for this risk
 Possible solutions to the risk is



Diversification
Collaboration with other health care
Partnership
Reputation Risks
 A bad reputation has the potential to severely
damage or shut down an organization.
 Reason of the bad reputation is





poor patient outcomes,
suspicious accounting,
fraud,
false advertising,
unprofessional behavior
Operational risk
 Operations is the way work is conducted.
 Clinical Equipment and Other Furnishings
 Parts held together by tape.
 Loose cord.
 Ergonomic analysis of staff.
Environmental Safety
✦ Entryways, streets, and parking lots are free of
debris, obstacles, ice, and snow, etc.
✦ Commonly used traffic paths within a practice
are clear of obstacles.
✦ Floor coverings are tightly adhered to prevent
tripping or falls.
✦ Spills are cleaned up immediately.
✦ Adequate space is available for patients and staff
Human Capital Risks
 Organizations begin the management of
human capital risks with current job
descriptions that include qualifications, duties,
reporting relationships, and key indicators of
quality performance.
 backup people.