Enterprise Risk Management

Chapter

Abstract

Risk management is an evolving science. Traditionally, regardless of industry, it has looked at current risks one at a time – on a largely compartmentalized or decentralized basis. Today, the emerging trend in risk management is Enterprise Risk Management (ERM), a proactive, coordinated, enterprise-wide model that assesses and manages all risks together, and uncovers opportunities. In the healthcare field, it promises to drive down losses as identified through deep analysis of patient safety data. With an ERM framework in place, organizations can better identify, measure, manage, and disclose key risks so they can improve patient safety systems and drive down claims costs while increasing value to stakeholders.

Keywords

Arena Defend 

Selected Readings

  1. 1.
    Celona J. Decision analysis for the professional. Menlo Park, CA: SmartOrg, Inc; 2001–2007.Google Scholar
  2. 2.
    Greenwald J. Risk management by the numbers drives down losses. Bus Insur. 2008;2(8):35.Google Scholar
  3. 3.
    Medical Malpractice Insurer’s Medical Error Surveillance and Prevention Study, 2001–2005. http://www.rmf.harvard.edu/research-resources/research-studies/MIMESPS-study.aspx. Accessed 21 July 2011.
  4. 4.
    Emmi Solutions®. Patient satisfaction: engaging patients leads to a healthy bottom line, 2008. http://www.emmisolutions.com/downloads/Patient_Satisfaction-Healthy_bottom_line-Emmi_Solutions.pdf. Accessed 21 July 2011.
  5. 5.
    CRICO/RMF strategies. http://www.rmfstrategies.com/. Accessed 21 July 2011.
  6. 6.
    RIMS.org. Accessed 21 July 2011.Google Scholar
  7. 7.
    Stanford University Medical Indemnity and Trust Insurance Company, et al. Process for Early Assessment and Resolution of Loss (PEARL). Stanford, CA. 2007.Google Scholar
  8. 8.
    Halamek LP. Simulation: the new “Triple Threat”. Pediatr Res. 2010;67:130–1.PubMedCrossRefGoogle Scholar
  9. 9.
    cape.lpch.org/. Accessed 21 July 2011.Google Scholar
  10. 10.
    Hickson GB, Pichert JW, Webb LE, Gabbe SG. A complementary approach to promoting professionalism: identifying, measuring, and addressing unprofessional behaviors. Acad Med. 2007;82:1040–8.Google Scholar
  11. 11.
    Hickson GB, Federspiel CF, Pichert JW, Miller CS, Gauld-Jaeger J, Bost P. Patient complaints and malpractice risk. JAMA. 2002;287:2951–7.Google Scholar

Copyright information

© Springer Science+Business Media, LLC 2012

Authors and Affiliations

  1. 1.Department of Risk ManagementStanford University Medical CenterStanfordUSA
  2. 2.Department of Risk ManagementStanford University Medical CenterStanfordUSA

Personalised recommendations