Various areas of infrastructure, energy, retail or wholesale supply chains, airport security, hospitals, housing societies effectively manage risks. Diverse type of roles are undertaken by risk professionals in business continuity, corporate governance, insurance, health and safety, engineering and financial services. Qualified, skilled and experienced risk management professionals are able to move easily between different sectors within countries worldwide.
Continuous efforts to improve patient safety system have intensified over the last decade to enhance transparency in disclosing, reporting and mitigating risks. Ensuring patient safety and risk management has become a strong catalyst for change in working structure of healthcare facilities.
Why is healthcare risk management needed? Risk management in healthcare refers to developing and implementing strategies to prevent or alleviate loss with reference to both capital and patients’ lives. Risk management is potentially more important in healthcare than in any other industry as it could mean the difference between the life and death, making the risks noticeably higher.