Services
Risk Assessment and Management
Strategic Management’s approach to risk assessment and management within health care organizations focuses on Regulatory Compliance Risks, and seeks to bring compliance risk management into the overall business strategy for the organization. Compliance risk management is a continuous, dynamic process of gathering, analyzing and updating information to ensure ongoing compliance with government rules and regulations. The process involves four phases:
- Risk Assessment
- Risk Remediation
- Risk Area Auditing; and
- Risk Reporting
Significant to Strategic Management’s approach is the interaction of key operational personnel across departmental lines to identify critical risk areas that impact the entire organization. Critical risk areas are sourced either internally (e.g., considering the organization’s history and significant high-risk areas) or externally (e.g., OIG work plan, CMS contractors, state wide initiatives).