Responsibility for Risk Management DR. Mohamed Seyam PhD. PT. Assistant Professor Of Physical Therapy 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.