Insert TitleHCS/456 v5Risk Management Tools and Decision-Making WorksheetHCS/456 v5Page 2 of 2Risk Management Tools and Decision-Making WorksheetPart A: Risk Management ToolsBased on...

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Wk 4 - Individual: Risk Management Tools and Decision-Making Worksheet [due Day 7]


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Insert Title HCS/456 v5 Risk Management Tools and Decision-Making Worksheet HCS/456 v5 Page 2 of 2 Risk Management Tools and Decision-Making Worksheet Part A: Risk Management Tools Based on your learning this week, complete the table below by identifying 3 to 5 risk management tools used to make management decisions. Be sure to describe each tool and how it’s use can help with decision making. Risk Management Tool Describe how the tool is used. Part B: Risk Management Decisions Review the following scenarios. Scenario 1 A patient arrives at the emergency department and is admitted for increased pain with the source unknown. The on-call physician asks the intake staff, “What is the source of payment for the patient?” in order to assist with his decision to see the patient or not. The physician then declines to see the patient based on the insurance status. Scenario 2 A patient is admitted to the medical floor in a health care facility. She is confused and won’t stay in her bed. The patient is placed in a room at the end of the hall away from the nurses station and she is not easily seen by staff. The patient continues to get out of bed without using her call light and eventually falls, resulting in an injury. Write a 75- to 175-word response to each of the following questions based on the scenarios presented. Be clear and concise, use complete sentences, and use your own words. Follow standard grammar rules and provide examples where appropriate to support your answers. · What is the risk management issue presented in each scenario? · What do you propose to resolve the issues? Explain your answer. · What challenges do you foresee with the proposed solutions? Cite your sources below if applicable. For additional information on how to properly cite your sources, log on to the Reference and Citation Generator in the Center for Writing Excellence. Copyright 2020 by University of Phoenix. All rights reserved. Copyright 2020 by University of Phoenix. All rights reserved.
Answered Same DayOct 10, 2022

Answer To: Insert TitleHCS/456 v5Risk Management Tools and Decision-Making WorksheetHCS/456 v5Page 2 of...

Bidusha answered on Oct 10 2022
64 Votes
Insert Title
HCS/456 v5
Risk Management Tools and Decision-Making Worksheet
HCS/456 v5
Page 2 of 2
Risk Management Tools and Decision-Making Worksheet
Part A: Risk Management Tools
Based on your learning this
week, complete the table below by identifying 3 to 5 risk management tools used to make management decisions. Be sure to describe each tool and how it’s use can help with decision making.
    Risk Management Tool
    Describe how the tool is used.
    SWOT Analysis
    Kucuk Yilmaz & Flouris (2019), claims that this procedure is used in 17 well known processes. Positioning the qualities, shortcomings, valuable open doors, and risks is required following the fulfillment of these stages. With the utilization of this investigation, the business will be better ready to perceive outside risks and assess how well they can safeguard against them.
    VRIO Analysis
    This technique involves doing a business asset-based examination. This purposeful philosophy decides whether an association utilizes an asset and whether it is significant, remarkable, and imitable.
    Five Why’s
    Five Whys is a technique for taking care of issues by recognizing them and afterward inquiring as to why something like multiple times. Every "why" shows a hidden issue that will help scientists go farther and draw nearer to the "genuine" issue that requires consideration.
    Fishbone Diagram
    By grouping thoughts into helpful classes, the fishbone outline, otherwise called a circumstances and logical results chart, is involved during the conceptualizing system to help with recognizing likely explanations of an issue. A cause-and-effect diagram, sometimes known as a "fishbone" diagram, may be helpful for categorizing thoughts and brainstorming potential causes of a problem. An effective visual representation of cause and consequence is a fishbone diagram (de Araújo Lima, Crema & Verbano, 2020)
.
    Flow Chart
    The precise and thorough actions or work stages necessary to complete various procedures within the risk management function are outlined in flow charts or workflows for risk management. A stream outline is a visual device that might be utilized to...
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