RISK MANAGEMENT STRATEGY

Risk Management Strategy in Social and Healthcare Facility

Risk Management Strategy in Social and Healthcare Facility

Introduction

In the healthcare facility, it becomes very challenging for the family and the care takers of the patient to properly understand their need and make informed decisions so that appropriate actions could be taken in times of crisis situations. Usually, it is more of an emotional transition for the families and near ones who fail to give significant thought into the requests made by their beloved who are suffering from some kind of illness or disorder. Thus families might not get to know the severity of the medical conditions that the person is going through. Therefore, it becomes mandatory for the patient to be monitored along with the requests and all the actions that are to be taken. Risk Management strategies are imperative to be formed which are tailored according to the needs of patients and the suffering they are going through. For these to be effectively formed and implemented, outcome based practice is promoted in the arena of social and healthcare provision which focuses on the achievement of desired outcome; in contrast to needs-led assessment which focuses on the needs of patients. This triggers the need for finance management for the objectives to be effectively met with the patient care not being compromised in any aspect, while remaining within the planned budget.

Evidence based practice and Importance

In order to effectively proceed towards the main course of the assignment, it is important to have clear idea around which the assignment pre-dominantly revolves. Reflective Writing and Evidence based Practice (EBP) for effective learning in the healthcare industry is gaining momentum, with the consequences of the wrong judgment becoming clearer day by day whilst lying in clear sight of the nurses, physicians along with other healthcare providers and professionals. The concept of Evidence based approach was first embraced; through being embedded in formal education, in the year 1992, for the improvement to be made in the clinical practices of the healthcare professionals. It was first adopted by the field of Medicine, and following its effectiveness, the use of technique was also seen in other areas in the healthcare industry. It then extended beyond the domain of the healthcare industry, incorporating domains of significant influence as Education, Library and Information Sciences and the likes.

This assignment weighs high on the Evidence Based Practice (EBP) because it has registered as significant a change and unprecedented change in the healthcare industry. The impact on other industries as that of Education, although is substantial without an iota of doubt depicting significant improvement in the field through significant modifications in teaching and evaluation methods, this change is insignificant when compared to the change that the practice has been able to unveil in the healthcare industry.

Changes that are prevalent in disparate fields and industries following this practice are only significant when the practices in one particular industry are compared across the timeline of that industry only, but if they are to ...