Hcs 456 Wk 1 Discussion Importance Of Risk Management

The traditional risk management process involves 5 steps: identify, consider, select, implement, and monitor. As a risk manager, you will go through these steps each time you research possible risks. Refer to Figure 1.1 in Ch. 1 of the textbook and “Defining Risk Management” as you prepare your responses. Transcript Discuss the following with your classmates: • Which step of the risk management process do you think is the most important? Explain. • How have risk management concepts influenced the health care industry? • How can understanding these concepts help you as you prepare to work in the health care industry? Provide an example.