Risk Management Answers

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What is risk?

the possibility of something negative happening that results in loss or failure

any damage done to a healthcare facility

legal action taken against a healthcare facility

legal action that may result in loss or failure

What is liability?

the possibility that an employee of a healthcare facility will make a mistake

when a person or organization is held accountable for something

legal action taken against a person or an organization

the possibility that legal action will be taken against a healthcare facility

Select all correct answers.Which of the following people may be involved in a civil lawsuit?

lawyer

prosecution

defendant

plaintiff

Select all correct answers.Which of the following choices are common strategies for managing risk?

avoid the risk

reduce the risk

increase the risk

share the risk

accept the risk

ignore the risk

How can insurance coverage help a healthcare organization manage risk?

by creating and enforcing procedures to protect employee and patient safety

by accurately documenting information about mistakes

by helping to pay for the negative costs of risk

by preventing employees from making mistakes

Which of the following steps may be involved in risk management?

seeking legal counsel to advise about risk

identifying and prioritizing risk

choosing a strategy for dealing with risk

paying fines in a civil case associated with risk

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