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CRITICAL RISKS FACING THE HEALTHCARE INDUSTRY
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Hospitals and healthcare organizations face enormous challenges on a daily basis as they seek to provide quality care to patients. Over the last few years, the healthcare industry has come under pressure to respond to new regulatory requirements under the Affordable Care Act. While those demands continue, new challenges are emerging that have the potential to disrupt facility operations and put employee and patient safety at risk.
From pandemics to violence in hospitals, alarm fatigue to healthcare-acquired infections and contamination from pollutants, healthcare organizations will be put to the test in the coming months and years. Failure to adequately address these issues could not only put patient and employee safety at risk, it also could lead to heightened liabilities, an increase in workers’ compensation claims, fines and penalties and damage to an organization’s reputation.
To minimize their exposures, hospitals should have a comprehensive risk management program that addresses each of these issues. Hospital risk management teams should be familiar with these challenges and should be empowered to take action to mitigate the risks. Because of the potential adverse consequences, risk management teams should report directly to the top leadership, including the chief executive as well as the hospital board.
Diane Doherty and Renee Carino - Personal Name
NONE
Healthcare Management
English
April 2015
1-10
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