Finance for Healthcare Discussion
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With the background gained from the outside readings assigned
this week on the Legal and Regulatory Environment, what action
or recommendations in the area of enterprise risk management
initiatives would you recommend as the Chief Financial Officer
within your healthcare organization (name the type of healthcare
organization that you work in) after reviewing the Office of
Inspector General Work plan for the current year?
My First classmate post is
I never work in the health care industry but from what I read,
enterprise risk management (ERM), in the health industry
promotes a comprehensive frame work for making risk
management decisions which maximizes value protection by
managing risk and uncertainty. Boards and management are
reevaluating their business practice and overall knowledge of the
organization operations to determine if any risk exists. The
discipline not only calls for corporations to identify all the risks
they face and to decide which risks to manage actively, it also
involves making that plan of action available to all stakeholders,
shareholders and potential investors, as part of their annual
reports.
From this point of view, my recommendation to my CFO will be: to
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