Enterprise Risk Management Plan

A healthcare enterprise risk management plan strives to identify, assess, and prepare for risks that may interfere with a hospital or health system’s goals and objectives.

With the numerous regulatory and quality oversight agencies that a healthcare organization must now effectively manage, an enterprise risk management plan has become a critical component for ongoing growth and development.

The Focus of an Enterprise Risk Management Plan

As it relates to healthcare organizations, an enterprise risk management plan focuses on minimizing the effects of risk on an organization's operations and financial position. This includes not only risks associated with medical errors and other patient safety events, but also financial, strategic, and operational risks.

Healthcare organizations have always managed common risks – such as medical malpractice, natural disasters, thefts, and fires – that could cause detrimental losses. Typically, hospitals and health systems purchase commercial insurance policies to protect themselves for these types of risks. Today, however, healthcare organizations face a much more diverse collection of obstacles and potential dangers. As such, an enterprise risk management plan identifies all potential business risks so that the organization can better understand and manage the full risk potential.

However, tying together risk information is, at best, time consuming and difficult. What’s more, manual processes provide no reassurance that the organization is effectively using risk data to identify and focus on key risks. What’s need is a centralized and structured way to assess risks across the entire organization – including clinical units, service lines, business functions, and vendors.

Software that Automates the Enterprise Risk Management Plan

Fortunately, Datix offers such a centralized and structured approach. Datix is web-based patient safety software that automates an organization’s enterprise risk management plan. The cloud-based software application includes various modules that provide comprehensive oversight of risk management activities, including:

  • Incident, adverse event and near miss reporting
  • Patient relations
  • Malpractice claims management
  • Risk assessment
  • Safety alerts
  • Patient experience and feedback
  • Accreditation self-assessment
  • Complaints, compliments, comments, and concerns

Datix is extremely flexible and customizable, allowing users to tailor the software to the structure and unique requirements of their organizations. Included in the software is a complete patient safety risk workflow, which allows all improvement activities to be managed in one place, regardless of whether initiated by a complaint, an investigation, or an informal comment.

Easy-to-Construct Trend Analysis

An important component of any enterprise risk management plan is trend analysis, which is simple to do using the Datix platform. Trend reports can be accessed easily, by anyone who needs them. Datix also provides metric-driven dashboards, which can be tailored at user, unit, department, or health system level.

With Datix, developing and managing an enterprise risk management plan has never been easier, providing healthcare leaders and stakeholders with peace of mind that all risks are being identified, assessed, and prepared for. Healthcare organizations that successfully integrate risk management into the operations of the hospitals and health systems are more likely to achieve their goals and objectives, reduce preventable patient harm, and improve quality – even when they encounter obstacles.

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