Quality Improvement and Risk Management (C430) Questions &and Answers!
Quality Improvement and Risk Management (C430) Questions &and Answers! Risk Management - ANSWER An organized effort to identify, assess, and reduce, where appropriate, risks to patients, visitors, staff, and organization assets. Reduce the incidence of preventable accidents and injuries to minimize the financial loss to the institution should an injury or accident occur. Risk Management Process - ANSWER Investigate: Observe or study by close examination and systematic inquiry. Inform: Present in material form. Influence: Affect or alter by indirect or intangible means. Interpret: Explain or tell the meaning of; present in understandable terms. Integrate: Form or blend into a whole; unite with something else. Risk Classification - ANSWER • Property Risks • Casualty/liability risks • Employee benefit risks Property Risks - ANSWER Involve the possibility of losses associated with the destruction or theft of property. Casualty/Liability Risks - ANSWER Involve professional negligence, worker's comp, directory and officers liability, environmental liability and product liability. Employee Benefit Risks - ANSWER Cost of benefit plans, disability claims, and
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