Our brains are wired to always assess risks in any decision we make, as we think about all its possible outcomes. Each person also deals with sudden crises in their lives in their own way based on certain factors. Risk and crisis are two words that are not just familiar to individuals, but to entire sectors, organizations, and entities. There is risk and there are possible crises in the transport sector, the financial sector, and the healthcare sector. The health sector may differ in how the stakes to risks and crises are much higher than any other sector. This is why Risk and Crisis Management is an essential part of any healthcare employee in order to limit losses and damage in emergencies.

What is Risk and Crisis Management?

Training for Risk and Crisis Management is something that has to be prioritized in all fields and sectors, not just healthcare. The two concepts are distinct in their meaning; a crisis is a sudden event that is often public and can cause significant damage. A risk is something that may happen in the future that could cause unexpected harm or loss. Crisis management is more about managing and recovering from an unforeseeable incident. On the other hand, risk management is to research and assess any possible incidents that could have a negative impact and to prepare for them.  In addition, comprehensive medical management services should be considered as medical issues that are not crisis-related may still arise.

Risk and Crisis Management In the Health Sector

When it comes to these two concepts in healthcare, they have a significant role since they involve matters of life and death. Risks in the health sector vary from malpractice and faulty medical tools to ill performed procedures. Managing these risks is crucial to ensure patient's wellbeing and safety as well as manage financial losses. Crisis management, on the other hand, revolves around always being prepared for sudden medical situations that affect the sector and people like the recent outbreak of COVID-19.

Why Does it Matter?

Identifying and Quantifying Risk

Risk is about uncertainty and handling potential outcomes with efficiency. This may be more difficult in healthcare since not all risks can be recognized and they are constantly changing and emerging. This can be done only by combining effort, knowledge, and data to reveal any possible threats. When identified, they need to be assessed and prioritized based on certain factors like likelihood and impact. This allows healthcare officials to determine the next steps that should be taken when it comes to utilizing sources and assigning work to staff.

Patient Safety

The U.S. suffered from a period of malpractice crisis in 1970, which had a huge impact on people's health. Due to perfecting Risk and Crisis Management training programs, people's lives are no longer at risk now, and settlement costs have dropped significantly. This is the most important function of training healthcare personnel for risks and crises; to ensure the safety and wellbeing of every patient, whether they are getting a normal check-up or procedure, or undergoing serious surgeries and treatments.

Workplace Management

Healthcare providers need to take this kind of training to properly act and react to situations involving risk factors. There are usual procedures like identifying hazards, whether those are chemical, biological, or physical, to keep their workplace safe. There are also sudden medical situations like the spread of COVID-19 where this kind of training serves in keeping healthcare providers and staff safe in order for them to be able to serve others. Knowledge about the pandemic, its symptoms, and how it spreads can all aid in managing COVID in the workplace and help individuals do their part in combating this crisis. This is not limited to healthcare-related workplaces; if you're in any managerial position, it's crucial to have this training to ensure the safety of your employees.

Procedures and Precautions

Having Risk and Crisis Management training means taking the appropriate procedures and precautions in the event of a sudden emergency. The training tackles everything from learning the right way of communicating with healthcare officials and employees all the way to resource utilization and distributing the workload. Certain health precautions need to be taken in case of a crisis like implementing travel restrictions, doubling down on cleanliness, and raising awareness of the issue.

Legal and Financial Aspects

Any health crisis has legal and financial consequences that must also be included in the risk and crisis training sessions. Since training involves those in administrative positions in the healthcare system who deal with legal and financial aspects, they must also research any unforeseeable event and analyze its impact in order to be prepared to deal with any health emergency that may have an effect on their department. Legal risks, for example, such as medical lawsuits and malpractice claims can impact an organization's reputation as well as its finances.
The bottom line is it's always better to be safe than sorry, and that's the whole idea behind Risk and Crisis Management Training. There is no space for regrets about poor strategic planning in the health sector. The world has witnessed sufficient evidence of what can happen due to a lack of training in the healthcare sector. It is time to enhance our training programs and strategies that can save lives and whole organizations.

WRITTEN BY

Daria Brown