Enterprise Risk Management (ERM)
Healthcare organizations face an increasingly complex and challenging risk environment. Establishing a more proactive, holistic, and responsive approach to managing risk is essential.
To support healthcare organizations that are looking to implement and grow successful and sustainable Enterprise Risk Management (ERM) programs, ASHRM has adopted an ERM framework created by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). This framework is designed to be flexible allowing each organization to adapt it to fit its mission, vision, culture, and strategic direction.
Origami Risk provides a single, comprehensive technology platform solution that supports each domain in the framework. Ranked as the #1 Healthcare Safety, Risk & Compliance Management solution in the 2022 Best in KLAS report.
'Great 8 Risks'
The ASHRM ERM framework provides healthcare organizations with a flexible structure for guiding risk management professionals as they work to implement and build upon ERM programs that focus not just on the protection of value, but the creation of value, as well.
In our series, we explore each of the 8 risk domains — providing resources to help your organization build a sustainable risk management culture and program.
As part of its single-platform delivery of risk, insurance, safety, and compliance solutions, Origami Risk provides a wide range of flexible tools that support the foundational elements of healthcare ERM, help to promote overall program credibility and success, and also streamline the activities that contribute to long-term program sustainability.
Strategic risks are those associated with the focus and direction of the organization. These include risks related to brand, reputation, competition, or the failure to adapt to changing times, health reform, or customer priorities. Due to the unpredictable and fast-paced nature of the healthcare industry, strategic business leaders are exposed to potential risks through their managed care partnerships, mergers and acquisitions, marketing, sales and advertising, and other business arrangements.
Using Frameworks and Technology to Implement and Grow a Healthcare ERM Program
Origami Risk offers a customizable healthcare ERM solution that supports risk management frameworks to identify, assess, measure, and communicate risks. Their tools enable organizations to establish effective risk management programs.
Healthcare ERM Tools To Proactively Identify Organizational Wide Risk
Choose risk management software that fits your needs and unlocks the potential for unified quality care. Prevent medical errors and embrace proactive risk management as you revolutionize your hospital's operations.