Risk Management Assessment Summary

Risk Management Assessment Summary
In a health care organization, tt is very important to advertise and design a secure and successful patient care practices; the conservation of financial resources as well as to sustain a safe working environment, these are crucial to the upholding of the organization.
Hospitals and health care organizations today face a long list of risk factors. These risk factors can shape the success or failure of the organization, including:
Competitive responses from multiple hospitals and physician groups.
Changes in rules and regulations from governement.
Extremely small profit margins.
Community relations as expressed through zoning and permitting resistance.
State of the bond market and the cost of borrowing.
Fund raising success and also generating community support.
Some dependence on key physicians, admitting preferences, and medical personell ages.
High fixed cost structure
Advancements in medical technology and a bit of subsequent influence on admissions and pattient lengths of stay.

Morristown Hamblem Healthcare System
The Morristown Hamblen Healthcare System is a locally owened hospital located in Morritown Tennessee, United States. Morristown Hamblen Healthcare System, located in Morristown, Tennessee, is a for profit multispecialty academic hospital that integrates both a clinical and also a hospital care with research and education (MHHS, 2011). Morristown Hamblen Hospital was founded in the early 1895 by a renowned physicians, Dr. D.E. Shields, Dr. P.L. Henderson, Dr. E.J. Bettis, and Dr. E.B. Hale in 1895. Each with a vision of providing outstanding patient care and customer service based upon the principles of cooperation, compassion and innovation.In January 1995, Morristown-Hamblen Hospital expanded to include Morristown-Hamblen Home Care andMorristown-Hamblen Health Services. An umbrella name, Morristown-Hamblen Healthcare System, was developed in reference to all healthcare services and to reflect an emphasis on becoming an integrated healthcare delivery system for the region.
The hospital expanded the north parking lot, renovated the cafeteria and Newborn babies were a

little closer to their mothers as construction upgrades were completed in the Center for Women's

and Children's Services. The Center relocated the nursery so that it was adjacent to the Birthing

Center. Construction also was completed on the geropsychiatric unit. Opening in July 1998, the

Center for Behavioral Healthprovides inpatient psychiatric care for senior citizens in the

community. In addition to mental health services, the 12-bed facility also provides occupational

therapy and recreation activities for patients in the unit. The hospital purchased the Boulevard

West Professional Complex and Diagnostic Center on West Morris Boulevard and renamed the

facility the MHHS Health Complex (A-Z, 2012). Citizens Tribune consistently names

Morristown Hamblen Healthcare System as one of the state’s finest hospitals in its annual

“Tennessee’s Best Hospitals” survey. How can a health care organization like Morristown

Hamblen Healthcare System continue to be an industry leader year after year?

What steps can be taken to identify and mange risk
An organization should focus on taking key steps to identify and manage their own risks. This can be a vital move for any organization to ensure the organization would remain on top. The Morristown Hamblen Healthcare System has found out that not only does recognizing the risk help keep their organization at the top of the competition, more important recognizing the risks also benefits their patients. In the health care field there is so much more room for inaccuracies and mistakes to take place.
In any organization the accuratesy of risk management can be obtained only when a risk has been adressed and discovered. Organizations are prioritizing risks so that each can recieve the best time and resources, these are significant to identifying and assessing risks for this hospital. The capability to shift from the original stages to efficient management can eventually conclude the effectiveness of a risk management opportunity. Morristown Hamblen Healthcare System does a very good job at assessing the rights and wrong of providing outstanding service. This organization has steps it takes, the first one is that they try extremely hard not to get involved in activities that produces any risks. It is like the saying goes, “you reap what you sow”. There is always a cause and effect when an organization does anything; basically they have to prevent certain risk from happening. MHHS has an emergency reaction plan to impede any potential harms and risk to the organization and protect the hospitals name. Even if or when any potential harm is thought of it is immediately identified, addressed and dealt with. MHHS has also been known to use insurance to guard against loss exposures.

What and why certain risk can affect a health care organization
One word that comes to mind is malpractice. Malpractice is a big risk that can negatively affect any healthcare organization and their stakeholders. Malpractice is regrettable enough to be sick, but it is worse to turn out to be more seriously ill or even cause death of patient because of a physician’s mistake or carelessness. MHHS keeps understandable and inclusive documents of the patients records and phycisian orders. Many times records are a key component to malpractice suits and provide excellent exibits during a court hearing. These records may be able to save a physcian or patient during a malpractice suit.

There are many risks that can be addressed here. Another risk at MHHS is on the financial side of the organization. Studies have been known to show that there is an increasing distress concerning hospitals and organizations with persistent losses in finances. These studies clam that hospitaals or organizations who become economically distraught are more likely to become minor and more expensive, who has a lower patient rates, and who also will take care of more underinsured patients than a financially sound hospital. Morristown Hamblen healthcare System does have one other smaller hospital in the area to tend too so this is not a huge issue. A health care industry competing in a highly competitive field needs to find the best way to always save finaces. Whether it is in the maintenance department, environmental services, or just basically saving on minor office supplies in each department is very important to budget. Having a good and clear budget is always beneficial to any organization. Morristown Hamblen Healthcare System's understand and achknoledge their financial obligation levels ahead of scedule, so they will not be in for a terrible development in the future.

How to mitigate risk
For many organizations, it is usually the case that risks management is of concern when things start going down hill. Morristown Hamblen's leader has decided to make a risk management structure that will permit them to stay afloat even if a downturn begins. With their risk management program, they will be prepared. The risk managers here at MHHS have seemes to thrive most when times are difficult, as calamities give them an abundance of chances and opportunities to put into practice their plans, perhaps entirely altering the way in which they manage their risk profiles. MHHS still has room for improvement. One area that should use improvement is the knowledge of their employees. Their employees should be well trained and retrained frequently to insure their accountability for acting inside satisfactory limits. Many times being able to survive may hinge on the willingness of healthcare managers to tackle their lingering options with truth, honestie, and straight forward even if this may reflect poorly on them as leaders. Choices like these could really mitigate risks. Once the organization can over come all the risks or at least have a prepared risk management plan in affect then a successful organization can be ready for any kind of risk.
Reference Page
MHHS. Morristown Hamblen Healthcare System. MHHS. Retrieved June 15, 2012, from www.mhhs1.org/

Can We Improve Continuous Improvement? | Quality Digest. (n.d.). Quality Insider | Quality Digest. Retrieved June 16, 2012, from http://www.qualitydigest.com/magazine/1981/jan/article/can-we-improve-continuous-improvement.html

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