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Risk management is an integral component of a healthcare firm\'s standard business practice. Healthcare Providers Service Organization (PSO) and Nurses Service Organization (NO), the administrators
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Risk management is an organized approach to identifying, assessing, and managing risks to minimize the impact they may have on an organization.
Any organization or individual that wants to proactively manage risks and protect themselves from potential threats.
To fill out a risk management plan, one must identify potential risks, assess their likelihood and impact, develop mitigation strategies, and monitor their effectiveness.
The purpose of risk management is to help organizations anticipate and prepare for potential risks, minimize their impact, and ensure continuity of operations.
The information reported on a risk management plan may include identified risks, their likelihood and impact, mitigation strategies, responsible parties, and monitoring mechanisms.
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