ERM – Moving beyond enterprise risk assessments and risk heat maps May 31, 2019 By Origami Risk Risk assessments and heat maps remain central components in most enterprise risk management (ERM) programs. Yet there is considerable debate about their effectiveness and both tools have no shortage of critics. In Forbes article by contributor Howard Sklar, we are given one of the most popular criticisms regarding companies that viewed risk assessments as a … Continued
Healthcare ERM Tools To Proactively Identify Organizational Wide Risk May 30, 2019 By Origami Risk In November 2018, Baylor St. Luke’s Medical Center in Houston made two medical errors, the second of which lead to the death of a 75-year-old patient. After an investigation by the Houston Chronicle and ProPublica, the Centers for Medicare and Medicaid Services issued a report in early 2019 that outlined a pattern of blood labeling … Continued
Facing the challenge of reputation management in higher education May 20, 2019 By Origami Risk The Operation Varsity Blues scandal has heightened reputation management concerns across the higher education community. Seeing how quickly any college or university can suffer reputational damage, and how lasting that damage can be, underscores how valuable an institution’s reputation is, and how critical it is to safeguard it. The book Reputation management: The key to … Continued
3 reasons to integrate healthcare claims management May 10, 2019 By Origami Risk As hospitals and healthcare organizations work toward better patient care, they can begin by taking a closer look at their internal processes and technology. A reliance on disparate systems that fail to share data efficiently puts organizations at risk of falling short of the demands of modern healthcare. The Agency for Healthcare Research & Quality … Continued
COI management for public entities May 6, 2019 By Origami Risk Managing certificates of insurance (COIs) has always been a challenge. With increasing pressure on the budgets of state and local governments, dedicating the resources required to effectively manage this process can mean sacrificing time spent on other core functions. Relying on color-coded spreadsheets and a manual review process often leads to unsustainable procedures that fail … Continued
How ERM technology helps financial institutions address Matters Requiring Attention (MRAs) April 29, 2019 By Origami Risk Complying with Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regulations is a major challenge for financial institutions, and those found with deficient practices are subject to receive a Matter Requiring Attention (MRA) notification. The Office of the Comptroller of the Currency (OCC) states, “MRAs communicate specific supervisory concerns identified during examinations in writing to boards and management … Continued
3 solutions for reducing workers’ compensation fines and penalties April 23, 2019 By Origami Risk Greater efficiency in handling workers’ compensation claims can contribute to a reduction in claim costs and improved claim outcomes. These gains are quickly undone when errors result in penalties for the violation of state-specific workers’ compensation laws. According to the article Avoid Workers’ Comp Penalties and Other Pitfalls, two of the five most common errors … Continued
The value of benchmarking in claims management April 22, 2019 By Origami Risk An abundance of data accumulates in the claims management process. And while that data relays critical facts about each claim, that’s not the only insight it can provide. Data, no matter how seemingly unimportant, has the power to unleash valuable insight into your overall claims strategy. As the article Effective Data Discovery Can Be A … Continued
How hospitals can increase patient safety event reporting April 9, 2019 By Origami Risk Adverse safety events—some that lead to serious harm—occur every day, affecting people across entire health systems. With a full schedule of patients and life-or-death situations a part of daily life in hospitals, reporting efforts, not surprisingly, may end up taking a back seat. The ability to collect and analyze this data is crucial for preventing … Continued
3 tools to strengthen and streamline your workers’ comp program March 25, 2019 By Origami Risk Workers’ compensation programs consist of a complex web of claims, numbers, analyses, and communications that require an inordinate amount of time and focus from claims adjusters and claimants alike. And with 2.8 million nonfatal workplace injuries and illnesses reported by private industry employers in 2017 alone, according to the U.S. Bureau of Labor Statistics, this … Continued