URGENT 7 PM DEADLINE Risk Management Chart
amada.9I NEED THIS ASAP. THE TUTOR THAT I HAD ASSIGNED TO THIS IS NON COMMUNICATIVE AND HAS NOT COMPLETED IT ON TIME. I NEEDED THIS AT 9 AM THIS MORNING. I AM WILLING TO PAY DOUBLE WHAT I OFFERED BEFORE TO ENSURE I CAN GET THIS COMPLETED BY 7 PM.
MUST BE ORIGINAL WORK AND IN APA FORMAT. I HAVE HDA MANY ISSUES WITH MY ITEMS BEING LATE SO THIS MUST BE SOMETHING THAT CAN BE COMPLETED ON TIME.
This week you will identify the systems that you will need to implement to monitor and report the risks within the new Risk Management System. This includes any internal and/or external resources that will be necessary. You will also need to identify methods to measure the risk. It may be necessary to revise (somewhat) your areas of financial and operational risk developed in Module 03.
For each risk that you discovered in Module 03 and/or this week, decide how you will measure, monitor, and report on the risk to the board of directors. Also, decide how you will report the risk to the shareholders in the financial statements and notes. You may add columns for this information to your table developed in Module 03. Be sure to use footnotes if more information is needed than you feel is possible to include in the table.
For more information, please review the Course Project Overview.
Here at the four items that we need this completed on.
Risk Area | Level of Risk | Strategy (Assume, Mitigate, or Transfer) |
Medical Errors | High | Medical errors includes wrong dosage, deaths of patients due to poor handling or treatment as well as using wrong method of treating patients that lead to another medical conditions (Highland Risk Services, 2014). The medical errors cannot be mitigated by ensuring that error made by personnel is reduced. It entail employing competent personnel in the healthcare facilities. |
Board Composition | Low | The composition of the Board matters since they help to over the operations of the organizations. Therefore, the composition should have personnel from other related industries to help make multi-disciplinary decisions (Sullivan, 2013). Therefore, the risk can be transferred by selecting a competent and qualified board. |
Transportation- shortage of ambulances and other emergency vehicles | High | Transportation is cornerstone of the healthcare facilities as it can be a life saver. Therefore, the risks of shortage of emergency vehicles like ambulance should be mitigated as soon as possible to avoid deaths of patients caused by lack of transportations (Sullivan, 2013). Therefore, the strategy would be to mitigate it by buying or leasing enough vehicles for any emergency purposes. |
High Inflation Rate | High | Health care facilities are expected to deliver health services regardless of the cost. The norm makes health care services to have high expenses that might outweigh the revenue (Highland Risk Services, 2014). The risk can be transferred by ensuring that there is sufficient revenue from patients, services, grants and donors. |
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