Conduct research on approaches to risk management processes, policies, and concerns in your current or anticipated professional arena to find an example of a risk management plan. Look for a plan with sufficient content to be able to complete this assignment successfully. In a 1,000‐1,250-word paper, provide an analysis of the risk management plan that includes the following:

Introduction Risk management is an essential aspect of healthcare organizations’ operations to ensure the provision of quality care and minimize adverse events. The paper will examine a health care organization’s risk management program, its types, regulatory steps and compliance with standards. A hospital-wide plan that focuses on improving patient safety and quality is the selected risk management program.

Type and rationale of the Risk Management Plan. The hospital’s risk management program was selected to be analyzed. It is focused on quality improvement and patient safety. Because patient safety and quality improvement are the main goals of all healthcare providers, this plan has been chosen. It applies to large, urban hospitals in the United States which offer a variety of services for patients. Risk management plays a critical role in the hospital’s operations by identifying, analyzing, evaluating, and mitigating risks that may adversely affect patients’ safety and care quality.

Standard Administrative Steps and Processes The standard administrative steps and processes in a typical healthcare organization’s risk management program include risk identification, assessment, prioritization, mitigation, monitoring, and evaluation (Gordon, 2017). These are the steps of identifying possible risks that could affect patient safety or care quality and then assessing their likelihood.

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