CPHRM Enterprise Risk Management Flashcards
6 cards from real CPHRM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CPHRM Enterprise Risk Management flashcards as text
Which of the following is a primary benefit of integrating ERM with a healthcare organization's strategic planning process?
Answer: It ensures risk considerations are embedded in decision-making from the start
Integrating ERM with strategic planning ensures that risk awareness informs every major organizational decision, reducing blind spots.
A healthcare organization's ERM committee wants to assess its 'risk culture.' Which indicator best reflects a strong risk culture?
Answer: Staff freely report near misses without fear of punishment
A strong risk culture is characterized by psychological safety that encourages staff to report concerns and near misses without fear of retaliation.
Which of the following risk categories is unique to healthcare and typically addressed within a hospital's ERM framework?
Answer: Clinical/patient care risk
Clinical/patient care risk is a risk category specific to healthcare that encompasses harm to patients from medical errors, infections, and care delivery failures.
When conducting an ERM risk assessment, 'inherent risk' is best defined as:
Answer: Risk present before any controls or mitigation are in place
Inherent risk is the exposure level that exists naturally before any risk controls or mitigation actions are applied.
Which role is typically responsible for day-to-day ERM program coordination in a large US health system?
Answer: Chief Risk Officer or VP of Risk Management
The Chief Risk Officer or VP of Risk Management typically coordinates the ERM program, reporting key risks to the board and executive leadership.
A hospital implements a new ERM software platform. Which outcome would best indicate the platform is delivering value?
Answer: Leadership has real-time visibility into the organization's top risks and mitigation status
An ERM platform delivers value by giving leadership timely, consolidated insight into risk exposures and the status of mitigation efforts across the organization.