Risk Management & Mitigation Flashcards
7 cards from real HCC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Risk Management & Mitigation flashcards as text
A healthcare consultant discovers that a client hospital has no formal process for reporting near-miss events. What is the primary risk of this gap?
Answer: Lost opportunities to identify and correct hazards before patient harm occurs
Near-miss reporting allows organizations to detect and fix system weaknesses before they cause actual patient harm.
Which risk response strategy is a hospital using when it purchases malpractice insurance?
Answer: Risk transfer
Insurance shifts the financial consequences of a risk to a third party, which is the definition of risk transfer.
A consultant is prioritizing risks for a client using a risk matrix. Which two factors are plotted on a standard risk matrix?
Answer: Likelihood and impact
A risk matrix ranks risks by how likely they are to occur and how severe the consequences would be.
During a root cause analysis after a medication error, the team keeps asking 'why' until they reach the underlying system failure. What technique is being used?
Answer: The Five Whys
The Five Whys technique repeatedly asks why an event occurred to drill down to the root cause.
Which proactive tool should a consultant recommend to evaluate a new infusion pump workflow BEFORE it is implemented?
Answer: Failure Mode and Effects Analysis (FMEA)
FMEA prospectively identifies potential failure points in a process before harm occurs, unlike retrospective tools.
A client asks a consultant to help reduce risk from workplace violence in the emergency department. Which measure is an example of an engineering control?
Answer: Installing controlled-access doors and panic buttons
Engineering controls physically modify the environment to reduce hazard exposure, such as access controls and alarms.
In enterprise risk management (ERM) for healthcare organizations, risks are categorized across multiple domains. Which of the following is considered a strategic risk?
Answer: A competitor opening a nearby ambulatory surgery center
Strategic risks affect the organization's market position and long-term goals, such as new competition.