Risk Assessment in Residential Care Home

jeopardize Assessment in Residential C be HomePART AThe group selected the COSO ERM programme to be mapd as the basis for fashioning the policies and processes of the Kindly Residential C atomic number 18 informality Home. The fol pitifuling ar the master(prenominal) s income tax return drivers for a health dispense melody.STRATEGIC gambleS essay is always include when talking about health care cheeks. The system of ruless should have a clean-cut jeopardize counsel to mitigate and monitor critical threats to the health of clients similarly to chthonicstand and identify the causes of the ventures. Risk bear be external or internal based, these domiciliate become major setbacks for the organization that fanny fix the attainment of objectives.1 strategical jeopardizes are those happens that batch derail organizations which dress the strategicalal schemes useless. Some examples are competition, market repositions, availability of capital, incidents, reputat ion issues, trends on regulations and technology.Variables akin market or economic condition, corporate governance and stakeholders are strategic risks relating to the long-term performance of the musical arrangement. The economic point of a country arsehole change choppyly, as well as the market. Corporate governance risk relates to the reputation of the government. And stakeholder risk refers to the risk associated with the shareholders, telephone circuit partners, customers and suppliers. Shareholder decisions can change quickly if dividends f every. These things surelyly will reach the organization as a unanimous if whateverthing happens. 2strategic risks should be handled by an approach which emphasizes on the over in all health of the organization. There are two ways to keep the health care organization on track. The first one is to lessen uncertainty by identifying possible strategic risks then increasing the knowledge of the whole organization. And the hour is the utilisation of performance enhancement tools to make adjustment of the strategies.FINANCIAL RISKFinancial Risk relates to budget, cash flow, tax obligations, credit and debt anxiety, remuneration and the organisation capital structure. There are two areas of monetary risk that moldiness be considered. Charges relating to non-fulfillment of duties and responsibilities of Directors The shareholders or other stake holders like creditors may accommodate suit against the BOD under Companies Act for inappropriate conduct in the fulfillment of directors and officers duties. Also, the entity itself may be sued by shareholders or by creditors because it is important for risk management professional to be knowledgeable of the organization structure, the requirements imposed by the charter, bylaws or other documents. And he/she should discover the chances to convert such risk through insurance policies to protect the assets of the organization.A situation in which the financial risk w ill arise is when the organisation use debt to finance for risk reduction eventually increasing the hypothesis of financial distress and the variability of the return to shareholders. The organisation moldiness be precise careful in considering the decisions regarding capital structure and the development of strategic formulation objectives that will lessen the risk.There are four strategic think goals to keep down accession in financial risk. First is to analyse and change management education systems to make sure that enough information is available. moment is to involve administrators and support supply to make them understand the process of care and the outcomes of care. Third is to assess the cost benefit of shifting trading operations risk to another organisation. And lastly, to analyse the effect of changes in tax policy on the business risk of the health care organization.3OPERATIONAL RISKThe risk associated with the operation includes breaches of tolerant priva cy, diagnostic, medical, surgical or medication phantasms and other wounding situations. The responsibility of the conductor is to identify risk by making a review of past incidents, reports as well as losses. Also, monitoring the activities of the cater in the massage put is important to make sure the deference to the policies and procedures.The manager should report any findings, issues and solutions regarding the problems. Also, he/she observes the management program to incite in developing improvement in the procedures and help department managers to direct other staff about the policies and procedures.HEALTH AND SAFETY RISKRisk relating to health and guard always exist in a piece of work even in a healthcare organization. This includes physical, biological and chemical agents. Things that can affect the health and risklessty in the workplace are ventilation, temperature and humidity, stance of equipment and work area, lighting, space and cleanliness of work area. Sa fety measures to be utilized involves tied(p) maintenance, safe route for people, realise of hazardous like chemical and biological agents, and stress.HAZARD RISKSA hazard is any source of possible harm or unfortunate health effects on several(prenominal)one under certain circumstances at work. In some instances, it is considered as the developed harm or the health effect it caused rather than the hazard. The hazards in a workplace come from various sources. It can be any nerve centre, significant or practice that can cause harm or adverse health effect to a person.INFORMATION RISKSAs the technology progresses, more organisations nowadays are utilising innovations especially on information technology. Business entities to a great extent rely on information systems using profits and computers, exposing them to threats such as viruses, computer hardware and software failure, suspicious electronic mails, incorrect data processing, and accessing infected mails. wretched IT threats are also risk that relates to hackers who enter the systems il de jure, alter data, accessing password, and do online attacks to continue access of authorised users. And natural accident such as bring up, flood, return to buildings and computer hardware are also a threat in information which can result in loss or degeneration of customer records4health care BUSINESS AREAS WHICH ARE HIGH RISK useable risk is one of the lofty risk areas of a healthcare business. Rest homes manipulate everyday dealing with residents including their health and safety. A singular error can lead to negative effects for the organisation. And another area is the information matters, the occurrence of health information security breaches, fraud, and privacy violations can affect the balance of the organisation.POTENTIAL IMPACT OF DIFFERENT TYPES OF RISK ON THE HEALTH headache BUSINESS ORGANISATIONS OBJECTIVESThe potential impact of the various risks on the healthcare business can be positive and negative for the organisation. If these set risks are managed effectively and efficiently, the well-being of the celerity will be total and can bring more clients and opportunities and lessen the exposure to losses. However, if these factors are neglected, the organisation will face the issuances.PART BRISK MITIGATION trouble PLAN AND STRATEGIESEMPLOYMENT PRACTICESA professional work environment is necessity between the manager and employees. Managers need to have a good perceptiveness of the laws and regulations regarding employment and shall comply with it to lessen claims. And policies are needed to maintain enact in the workplace.The healthcare organization needs a clear compose policy and process when hiring new employees, the policies and procedures should be implemented consistently, performance management tools to evaluate employees, ensureings for both the employees and managers and considering retention of valuable staff.The aforementioned practices will acc rue the exposure of the healthcare organization to employment liability claims eventually mitigating risks. actor PREVENTION MEASURESA fraud is untruthful representation of a substance of fact it can be by words, by conduct or misleading allegations. This kind of event can affect a healthcare organization that can lead to misunderstanding and conflicts.The following are measures to avoid fraud in a business. The facility mustiness(prenominal) have a checklist of suggestions for best practices to lessen the possibility for fraudulent activity. close is operational control to be implemented such as setting limit to employee act and access to administrator, and making policy and procedure to disable access for the employee who is no longer employed in the organization. Then putting a management policy and procedure will come next to update network services, security software and operating system. And last is establishing policy listing unexceptionable use regarding uses of mail, w eb browsing and social networking to make sure that the employees are aware of the hazards or risk in opening attachments or clicking extraterrestrial being links.HEALTH AND SAFETY POLICYThe law relating to health and safety is the wellness and Safety in Employment Act 1992 (HSE Act). Under this Act, organizations are legally required to make sure are not hurt in their workplace. Therefore, this Act requires the Kindly Residential Home Care to make sure their staff and employees have a safe place of work and that no visitors are harmed in the workplace. Included within the Act is the eliminating, isolating or minimizing workplace hazards for the facility. The healthcare organization should record all the incidents, and training and command the staff had to prove to a Health and Safety Inspector in case of an incident.PROTECTION OF PHYSICAL ASSETSThe physical assets of an organisation are utilised to achieve the business goals and objectives. These assets should be protected and us ed in conformity with the policy of the company. Physical assets include office facilities, equipment, supplies, furniture, information systems and technology assets.In a healthcare organization, where high value equipment is being used, management of these things is significant. The equipment must be tracked down across the facilities with the right procedures. The assets should have act maintenance schedule to make sure they are operating well. And of course, the organization needs a great security procedure in place and accountability as well.The above activities will lessen the costs for a healthcare facility by providing an up to date inventory of equipment and wreak the financial and security audit requirements. Also, these solutions uplift the accountability of equipment, sharing of high cost equipment and enhance the maintenance of the critical assets.DISASTER MANAGEMENT calamity has classification depending on its onset. Some are slow or creeping such as drought and HIV/ AIDS. Others are sudden or rapid like earthquakes, floods, tornadoes, bite and strikes. In relation to healthcare facilities however, incidents can be internal and/or external. Internal includes those relating to structural such as building damage, oxygen leakage, and faulty electrical systems. Also is functional disaster such as strike action, or surge of patients. External are those relating to floods, mass casualty incidents, natural and human induced disasters.The people in charge of healthcare facility must keep in attend that disaster prep mean is a continuous process. Written planning plans must be vigorous in prescribe to be effective. education must be done on fix basis.The disaster preparedness planning process involves the development of an emergency plan within the healthcare facility by the authority. Then establish planning committee to chaffer representative from significant department and services. Next is conduct hazard risk assessment such as internal and external hazards, detailed exposure analytic thinking to determine the scope and priorities. Set planning objectives based from the results of analysis and determine the disaster management strategies. The next whole step is determining of responsibilities among the departments and power of the organization. Followed by, analysing of the resources of the facility. The planning committee must point out the sources of personnel and equipment which can be utilised speedily. Development of systems and procedures is next. Strategies for prevention, preparedness, response and recovery must be identified. This includes communication systems, public information, education, relations and resource management systems.Writing the plan is the next step of the process. It must be relayed to all concerned individuals. It must be simple and straight to the point. Then, the facility will train the personnel, show the plans and procedures. Lastly, plans must be tested, reviewed and amended if n eeded on a regular basis. Remember, planning is a continuous process.PART CVULNERABILITY FACTORS AND IMPACTS ON KINDLY RESIDENTIAL CARE REST HOMEBUSINESS CONTINUITY PLANNINGA sudden incident can interrupt a business and affect the whole operation that can lead to revenue loss, increase costs and descend in productivity. Being prepared is significant for the organisation to keep things campaign again as quickly as possible. The business continuity planning will aid in the recovery of the business.Business continuity planning (BCP) is the process and procedure that are carried out by a business or organization to make sure that critical functions continue to operate during and after a disaster. It should include procedures for protecting the employees as well as protecting the business.BCP usually cover most of the critical business processes and operations of an organisation such as emergency contact details, communication strategies, HR policies, alternate premises, strategies to lessen the impact of an incident, alternate hardware, information back-up and the implementing procedures during an incident.These are some benefits of BCP in the healthcare facility protect patients, initiate continual improvement, increase commissioner confidence, reduce risk of financial loss and protect the reputation.IMPACT AND CRISES perspicacityThe Kindly Residential Rest Home needs to assess regularly their capability to withstand a disaster. The buildings should be checkered on regular basis the protection of equipment is also a priority supplies, medicines and food should be assessed as well in order to lessen the impact and possibility of crisis if a disaster happens. One important thing is providing training for the staff to response effectively during a disaster. Guidelines should be assessed it is important in order to save lives.THREAT ASSESSMENT SCENARIO DEFINITIONThreat-based vulnerability assessment emphasizes on the different kinds of threats a healthcare facili ty security encounters. The threats include those low frequency, high impact like patient abduction and wide emergencies like typhoons, fire or earthquakes.The threat-based assessment estimates vulnerability through the ways a patient may be abducted, how the healthcare facility is prepared if the materials and supply are cut off for a period of time or how any interruption of utilities will affect the patient care.The assessment team must be knowledgeable and has a good understanding of historical events of the facility especially the conceptual threats. Although history is a primary indicator, not all future threats can be anticipated based from the past. Scenario-based assessments are preferential because they are better in assessing high value assets and high consequence threats. Unfortunately, this advantage also creates a problem whereby lesser threats may be ignored and security measures not implemented.RECOVERY SOLUTION DESIGNThe disaster recovery plan is intended to make s ure that the crucial business processes is continuous if any disaster happens. The plan will give a real solution that can be utilised to recover all the vital processes inside a time frame.In a residential care rest home, the major concern is getting the people to safety when a disaster occurs considering that the clients are all elderly. It is a huge challenge because the residents will have hard time to get to a safe location. The disaster plan should be in place and the staff can use it to ensure the safety of the residents when there is a disaster.First step in disaster plan is the assessment of possible risk of a disaster such as fire, earthquake, flood, typhoon or landslide. Each type of disaster involves different procedures. For instance, in an earthquake, there is a need of evaluation of the building for damage and utility interruptions before moving the residents. However, in a fire incident, speedy excreta is required due to the nature of the event. Equipment should be checked in order to secure the safety of residents as well staff.Next is planning such as making arrangements beforehand to transfer residents to the evacuation place with a transportation company. In case of fire, flood or damaged buildings, there must be an alternative facility entrap for the patients. Also, the transfer of important files and records, and medications should be made. Supply of food and water must be enough to last for one week for both the residents and staff. exposit evacuation maps are important during disasters highlighting the possible routes. And provide a section for communicating with families of residents and staff who are off-duty.IMPLEMENTATION AND COMMUNICATION ad hoc procedures should be developed to notify staff to implement the disaster plan. The manager must describe the hierarchy of the decision makers in the facility. For a weather-related disaster, train staff that will monitor conditions and start preparing to perform their roles and responsi bilities during a disaster. And limit a staff to contact important agencies to alert them of the situation and fetch the actions of the facility.TESTINGIt is important to rehearse and test the business continuity plans exercises should be conducted at set intervals and top management should be involved. There must be a clearly defined objective for each exercise. Scenarios should take into account both internal and external incidents and supply chains. All work streams should be tested through a programmed approach exercises should include installation points, escalation procedures, communications and plan execution.MAINTENANCE AND UPDATEAfter the testing of the procedures, make a report specifying the upside and downside to make improvements. An action plan appointing responsibility for each action should be developed, including timescales.REFERENCEhttp//www.business.qld.gov.au/business/running/risk-management/information-technology-risk-http//www.dnv.com/binaries/BCP%20Top%2010 %20Steps_tcm4-575649.pdfhttp//www.smallbusiness.wa.gov.au/risk-management/http//www.smallbusiness.wa.gov.au/insurance-risk-management-plan/step1Paterson M. A., Wendel J. 1996. Managing risk in a changing health care system. Retrieved from http//www.aspenpublishers.com/books/kongstvedt/Readings/Chapter 28/JHCF 22-3.p15-22.pdfRoberts, A., Wallace, W., McClure, N. 2003. Strategic risk management. Retrieved from http//www.ebsglobal.net/documents/course-tasters/english/pdf/h17rk-bk-taster.pdfStephen, B. 2007. Understanding strategic risks. Retrieved from http//www.wipfli.com/resources/images/5023.pdf1 Stephen, B. 2007. Understanding strategic risks. Retrieved from http//www.wipfli.com/resources/images/5023.pdf2 Roberts, A., Wallace, W., McClure, N. 2003. Strategic risk management. Retrieved from http//www.ebsglobal.net/documents/course-tasters/english/pdf/h17rk-bk-taster.pdf3 Paterson M. A., Wendel J. 1996. Managing risk in a changing health care system. Retrieved from http//www.aspe npublishers.com/books/kongstvedt/Readings/Chapter 28/JHCF 22-3.p15-22.pdf4 http//www.business.qld.gov.au/business/running/risk-management/information-technology-risk-management/information-technology-risk