For useful value advancement in healthcare, the industry has shown interest in the use of Business Intelligence (BI) technology in compliance with the Federal mandate to lower cost, upgrade care and report on improvement standard. Some components necessary to improve performance include; First, analytic applications (Zingg et al., 2015). These applications enable users to interpret information and translate it into worthwhile data. Second, the Enterprise Data Warehouse (EDW). It has processing capabilities and planning to quantify and systemize data in a healthcare organization. Third, BI visualization tools display the data to the users inaccessible and comprehensible tables, chart and graphs.
In reference to the American Society for Healthcare Risk Management (ASHRM), risk handling in healthcare facilitates an exhaustive structure for making risk management choices that optimize value protection and creation by curbing risks and uncertainties. Enterprise risk management emphasizes the use of technology to coincide with risk reduction efforts in the entire healthcare industry (Cooke, 2016). The role of risk managers in healthcare involves creating policies, processes, and procedures necessary for responding to uncertainties, record, and report and adverse circumstances, and communicating with stakeholders on updates of measure in place for curbing threats.
Delegate your assignment to our experts and they will do the rest.
Quality risks in healthcare pose a threat to healthcare management. Examples of these risks include medical negligence ineffective procedures by healthcare providers. With increased casualties reported from medical negligence and failure to follow the necessary steps in operations, organizations have to incur lump sum amounts in compensation; thus, the need to be addressed by the Effective Quality Management Programs. Increased focus in value-based patient care, would help to change the healthcare organization. Continuous Quality Improvement (CQI) would also help in increasing health workers efficiency and improve internal and external satisfaction in the industry (Harvey & Lynch, 2017). Risks in healthcare are inevitable, but with the help of CQI, organizations would be able to address them effectively.
References
Cooke, M. (2016). TeamSTEPPS for health care risk managers: Improving teamwork and communication. Journal of Healthcare Risk Management, 36(1), 35-45.
Harvey, G., & Lynch, E. (2017). Enabling continuous quality improvement in practice: the role and contribution of facilitation. Frontiers in public health, 5, 27.
Zingg, W., Holmes, A., Dettenkofer, M., Goetting, T., Secci, F., Clack, L., ... & Pittet, D. (2015). Hospital organisation, management, and structure for prevention of health-care-associated infection: a systematic review and expert consensus. The Lancet Infectious Diseases, 15(2), 212-224.
