Enterprise Risk Management (ERM)
Healthcare organizations face an increasingly complex and challenging risk environment. Establishing a more proactive, holistic, and responsive approach to managing risk is essential.
To support healthcare organizations that are looking to implement and grow successful and sustainable Enterprise Risk Management (ERM) programs, ASHRM has adopted an ERM framework created by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). This framework is designed to be flexible allowing each organization to adapt it to fit its mission, vision, culture, and strategic direction.
Origami Risk provides a single, comprehensive technology platform solution that supports each domain in the framework. Ranked as the #1 Healthcare Safety, Risk & Compliance Management solution in the 2022 Best in KLAS report.
'Great 8 Risks'
The ASHRM ERM framework provides healthcare organizations with a flexible structure for guiding risk management professionals as they work to implement and build upon ERM programs that focus not just on the protection of value, but the creation of value, as well. In our series, we explore each of the 8 risk domains — providing resources to help your organization build a sustainable risk management culture and program.
As part of its single-platform delivery of risk, insurance, safety, and compliance solutions, Origami Risk provides a wide range of flexible tools that support the foundational elements of healthcare ERM, help to promote overall program credibility and success, and also streamline the activities that contribute to long-term program sustainability.
Financial Risk
Financial risks come from any decision that may affect the organization's financial sustainability. These might include costs associated with malpractice, litigation, insurance, capital structure, credit and interest rate fluctuations, foreign exchange, growth in programs and facilities, equipment, billing, and more.
Resources
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Exploring New Improvements to Values Collection in Origami Risk
Watch our 15-min showcase to discover major improvements to the values collection solution, making data collection and analysis more efficient. Learn to streamline your organization's values collection process with new software improvements and enhance data analysis while spending less time on data cleaning.
Using Frameworks and Technology to Implement and Grow a Healthcare ERM Program
The shift from traditional risk management to ERM in healthcare. ERM focuses on creating value, and ASHRM adopted a flexible ERM framework. Origami Risk offers a healthcare ERM solution that aligns with established frameworks, supporting risk identification, evaluation, and performance measurement. ERM provides a comprehensive approach to managing risks and creating value.