Write a 175- to 265-word response to the following:
How are risk management and quality management used in health care?
What is the difference between them?
What are the similarities?
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Why is it important for you to understand the differences and similarities?
How will this help you as you prepare to work in the health care industry?
Explain your answer.
While risk management focus on preventive harms to employees, patients, and protecting the facility other internal and financial assets such as reducing risks to lawsuits, worker’s compensation, unemployment, and other disasters like fire or flood, quality management focus on protecting the external assets which are their patients by lessening harmful risks to the minimum. Similarly, they both share the goals of minimizing risks to the healthcare facility by overlooking the facility procedures and system processes to address those potential risks and harms. It is important to understand these similarities and differences between the two because as they are working hand in hand to provide a better system for safer environment, their specific goals and focuses are slightly prioritized. Again, risk management focus more on general risks and internal goals for the healthcare facility with business risk models like Swiss Cheese Theory as system guidelines and reference for procedures and training development. Quality management focus more on quality delivery outcome and patient’s satisfaction by following a separate standard guideline that is used by other healthcare facilities and accredited organizations such “health care must be safe, effective, patient-centered, timely, efficient, and equitable” (Seelbach, C. (2021)). Understanding risk and quality management will prepare leadership to contribute better approach to each of their goals and accomplishments.
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