By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    physical health
    5 Ways Playing Games Can Improve Neural and Physical Health
    September 9, 2022
    Reasons For Hair Loss and Its Treatment
    Reasons For Hair Loss and Its Treatment
    February 16, 2022
    healthcare organization
    5 Actionable Strategies For Healthcare Organizations
    August 15, 2022
    Latest News
    6 Easy Healthcare Ways to Sit Less and Move More Every Day
    September 10, 2025
    7 Most Common Healthcare Accreditation Programs: Which Should You Use?
    August 20, 2025
    Hospital Pest Control and the Fight Against Superbugs
    August 20, 2025
    Hygiene Beyond The Clinic: Attention To Overlooked Non-Clinical Spaces
    August 13, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    5 Basic Types Of Eye Tests That Are Part Of An Eye Exam
    September 24, 2018
    Knowledge About Malpractice Lawsuits Can Give You Some Peace | Healthcare Career Resources
    Knowledge About Malpractice Lawsuits Can Give You Some Peace
    September 18, 2020
    How Your Job Can Impact Your Health
    December 11, 2018
    Latest News
    Healthcare at a Crossroads: Why Leadership Matters More Than Ever
    September 9, 2025
    How Social Security Disability Shapes Access to Care and Everyday Health
    August 22, 2025
    How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
    August 22, 2025
    How One Fall Can Lead to a Long Road of Medical Complications
    August 22, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Risk Management: It’s Everyone’s Responsibility
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Hospital Administration > Risk Management: It’s Everyone’s Responsibility
BusinessHospital Administration

Risk Management: It’s Everyone’s Responsibility

Matt_Gretczko
Matt_Gretczko
Share
3 Min Read
SHARE

Risk Management Risk management is a rather colloquial term. It is tough for anyone to determine exactly what it entails in any and all business environments.

Risk Management Risk management is a rather colloquial term. It is tough for anyone to determine exactly what it entails in any and all business environments.

But I can tell you one thing – everyone must manage risk, even if it’s not in your job title. This is especially true within healthcare. Just because you do not work in the “risk management” department, this should not be seen as a missing part of your job responsibilities; it just comes in a variety of forms.

Across healthcare organizations, there are a number of activities that occur to ensure that risk is minimized:

More Read

Healthcare-Analytics-Digital-Marketing-Social-Media.png
Digital Analytics 101 for Healthcare Marketers: Social Media Analytics
Government Regulation Isn’t That Bad . . . If You’re a Dog
Growth of Worldwide Cervical Artificial Disc Market
ACOs Gaining Ground in Illinois
ACO Update: A Third Horse Enters the Race

Credentialing – Defines who a provider is. Credentialing includes a provider’s initial vetting, and ongoing verification of their competencies and requirements to practice medicine.

Privileging – Specifies what a provider can do in a clinical setting. Privileges are continuously updated based upon ongoing training, patient care delivery, and facility-specific capabilities.

Payer Enrollment – Initiates and sustains provider reimbursement eligibility.

Performance Monitoring – Performance monitoring measures how a provider has performed.

Peer Review and Evaluation – Focuses on improving quality, outcomes, patient satisfaction, and lowering costs.

Sanctions Monitoring – Ensures that providers are in good-standing with insurers and other institutions.

The aforementioned are ambivalent of a specific department within an organization. The “Risk Management” department does not own all of these tasks, nor are all forms of risk being addressed in the short list above. Instead, these activities occur on a continual basis to minimize risk. In addition, the most cutting-edge healthcare organizations have systems that store quality, billing, and performance data to drive these activities.

Why is this important?

One of the many specialized capabilities of risk managers is addressing specific instances where a risk case arises and determining cause, potential fault, and successful remediation. However, the Medical Staff Office, Legal, Quality, Patient Safety, HR, and a mixture of other departments may be involved in completing the other activities that try to minimize these instances. It is important for risk management to be a tenet of every department and employee at an organization.

It is less important to outline every possible instance of risk, than it is to recognize that risk management must be top of mind for all professionals within a healthcare organization. This will ensure that the processes and technology that drive the organization forward are appropriately aligned to proactively address potential issues in the future.

Therefore, risk management can be a case study for the variety of business functions within a healthcare organization where coordination and collaboration is critical.

Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

a woman walking on the hallway
6 Easy Healthcare Ways to Sit Less and Move More Every Day
Health
September 9, 2025
Clinical Expertise
Healthcare at a Crossroads: Why Leadership Matters More Than Ever
Global Healthcare
September 9, 2025
travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025

You Might also Like

Apple’s HealthKit vs. Google Fit [INFOGRAPHIC]

October 16, 2014
stanford
BusinessFinanceHospital Administration

Stanford Ends Anthem Contract, Cites PriceCheck Data

September 13, 2014

Easy Giveaways to Grow Mindshare as a Healthcare Provider

November 18, 2015
BusinessTechnology

Opening Your Own Private Medical Practice in the Digital Age

June 9, 2018
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?