Risk Management Issue Essay

4488 Words Oct 26th, 2005 18 Pages
Risk management is the most important part of any organization to face the risks that might arise when a new project started. It should be a first concern when the decision is being made. Risk management is the practice of looking at the exposure to risk and deciding how to best handle that exposure. The idea behind risk management is to decide if the benefit outweighs the risk. This process will help you to identify risks that might normally be overlooked so when things come up, they do not surprise you by having a plan in place on how to solve them.
Risk management would help to identify and then manage threats that could severely impact or bring down the organization. This could be done by reviewing operations of the organization,
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This process should be done only for providing information that is many to ensure the safety of that resident, other residents, visitors, and staff.
Many LTC residents are not a risk to others, but to themselves. Two significant risk issues are wandering and elopement. Many residents at LTC suffer from diseases such as Alzheimer's disease, dementia, and other neurological impairments placing them at high risk once they leave the care environment. These types of wanderers have ended up injured or dead. A vehicle, overexposure to heat or cold, drowning, or traumatic injuries resulting from physical or sexual abuse were the primary causes of death in these cases (Boxerbaum, Donaldson, 2005, p. 47). The use of wandering-patient tracking technologies, elopement-prevention strategies and response planning and training including coordination with local police, fire, and emergency medical service officials could reduce the risk for wandering and elopement. Providing photographs of resident identified at high risk for elopement to the security of the facility could reduce the elopement incident rate as well. The facility should have a clear response plan, which would identify clear communication process in case of resident's elopement. All staff should be trained in their responsibilities on the yearly basis and the training records should be documented. The issues identified during training should be addressed and plans and training should be updated accordingly.

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