It’s time for a check-in on your risk management strategies.
How confident are you that you are fully aware of all the potential dangers that could happen to your home, the people you care for, your business, and your good name?
Risk management is a set of systems, processes, procedures, and reporting structures designed to detect, monitor, assess, mitigate, and prevent risks to residents.
In layman’s terms, risk management is knowing what threats your facility faces, reducing them as much as possible, and preparing for those you can’t prevent. Risk management includes:
- Identifying areas of risk
- Minimizing risk
- Monitoring for problems
- Establishing procedures for accidents and emergencies
- Training your staff to reduce risks
- Choosing the right insurance
Too often potential dangers and safety procedures get lost in the bustle of ensuring the proper care required for each resident. Overlooking risk is often the status quo, until an accident happens that we didn’t see coming. Or maybe we saw the potential but didn’t expect it to take such a turn for the worse.
We can all do better at risk management. When we look to assess the potential risks together and come up with a way to address and respond to those risks, we can greatly improve the care, health, and safety of our residents and maintain the excellent business and our good name.
Want to learn more about protecting your facility from risks?
Join us for our new classroom course, ‘Risk Management and Insurance Issues.’
This course teaches administrators identify and minimize risks in their facilities through staff training, choosing levels of insurance coverage, regulatory compliance, and documentation.
Approved for 4 CEUs of regulations!
Adult Residential Care (36144)
Residential Care for Elderly (36145)
Group Home (36146)
STRTP (36147)
