How can I ? Explain the concepts of risk management in the health care industry. Explain factors that influence risk management in the health care industry. Explain the relationship between risk management and quality management.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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How can I ?

  • Explain the concepts of risk management in the health care industry.
  • Explain factors that influence risk management in the health care industry.
  • Explain the relationship between risk management and quality management.
Expert Solution
Step 1: Define Management:

Management is the method involved with arranging, sorting out, driving, and controlling an association's assets and exercises to accomplish explicit objectives and targets productively and really. It envelops undertakings like defining objectives and systems, organizing and designating assets, coordinating the workforce, and deciding, and assessing execution. Effective management includes the productive portion of assets as well as the capacity to rouse and direct a group or association to work solidly toward its ideal results. It plays a critical part in guaranteeing that an association's assets are enhanced, risks are made due, and the association can adjust to changing conditions while accomplishing its central goal and vision.

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Follow-up Question

How can I Analyze the following 

 information and information technology methods needed to make risk-management decisions in the health care industry.

And How can I Analyze the

  •  key risk management tools in the health care industry.
  • And the  challenges in making risk management decisions.
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