Objective: Apply the risk management 5-step process.

Instructions

Choose one of the scenarios below and create a solution using the 5-step risk management process. Explain how you will communicate the solution throughout the organization.

1. Patients in a long-term care center are experiencing negligent care situations that include medication errors, dehydration, and wandering.
2. Employees in the lab of a local ambulatory care center are showing an increase in the number of needle stick injuries.
3. The fire inspector completed an annual life safety inspection of your hospital. Violations included out-of-service fire extinguishers and improper maintenance of the fire suppression system (fire sprinklers).

The five progressive steps of risk management include:

• Risk Identification: Identify exposures.
• Risk Analysis: Examine methods to address the risk.
• Risk Control/Treatment: Select the best management techniques.
• Risk Financing: Implement the selected techniques.
• Risk Monitoring: Monitor to determine effectiveness.

Create a two- to three-page paper in APA Style, including a title page and a reference list. You must cite and reference at least two sources in your paper.