Deck 10: Risk Management

Question 1

One of the hidden costs of a project or program might be:

A) High cost of purchase.
B) Lost productivity during implementation.
C) Cost of staff training.
D) All of the above.

Answer 1

Lost productivity during implementation.

Question 2

The process by which an organization can reduce the opportunity for an adverse event to occur is known as:

A) Crisis management.
B) Risk management.
C) Strategic management.
D) Financial management.

Answer 2

Risk management.

Question 3

Projects that may pose risk include:

A) New equipment.
B) Expansion of population services.
C) Telemedicine.
D) All of these.

Answer 3

All of these.

Question 4

Where can important risk information be found regarding new equipment?

A) User manual
B) MSDS
C) Online 'likes'
D) a and b only

Question 5

Obtaining ________ on the proposal prior to implementation will encourage a better working relationship within the facility.

A) corporate approval
B) government approval
C) buy-in
D) permits and licenses

Question 6

High-risk is described by a probability of harm over:

A) 15%.
B) 30%.
C) 50%.
D) 70%.

Question 7

When the probability of any harm is low, and the harm that might occur would be minor, this is considered:

A) Low-risk.
B) Medium-risk.
C) High-risk.
D) Unsafe.

Question 8

A risk assessment begins with the first step of:

A) Determining the budget.
B) Evaluating the individual(s) proposing the project.
C) Identification of the harm that could be caused.
D) Increasing the facility's liability insurance.

Question 9

When conducting a risk assessment, the administrator should include an analysis of potential harm as well as:

A) Competition.
B) Potential benefits.
C) Internal politics.
D) News coverage.

Question 10

Important approvals, recalls, and communications regarding medical devices can be found on the:

A) Manufacturer's Facebook page.
B) FDA website.
C) Amazon.
D) None of the above

Question 11

Reviewing complete incident reports and ________ will support improvement efforts.

A) phoning the police
B) investigating the origin of the incident
C) terminating all staff involved
D) making the staff member pay restitution

Question 12

A plan that specifies what actions staff members should take after an adverse outcome has occurred is known as a:

A) Reactive strategy:
B) Proactive strategy
C) Mitigation strategy
D) Defensive strategy

Question 13

To identify what bad things could happen, the administrator should perform:

A) Industry-wide research studies.
B) Exit interviews.
C) Safety protocols.
D) Risk assessments.

Question 14

Health care laws and ethical codes demand that you do everything possible to ________ negligence.

A) ignore
B) abate
C) prevent
D) ensure

Question 15

An unexpected reaction to a procedure or treatment is known as:

A) An adverse outcome.
B) A misadventure.
C) An anomaly.
D) An accident.

Question 16

A plan to prevent or diminish the opportunity for harm is known as:

A) A risk analysis.
B) A proactive strategy.
C) Objective protection.
D) A reactive strategy.

Question 17

A thorough analysis must also include data on the cost to the organization if the project is:

A) Denied.
B) Set aside.
C) Lost in committee.
D) Mistaken.

Question 18

An action that will lessen the severity of harm is known as:

A) An alibi.
B) Aversion.
C) Mitigation.
D) Complication.

Question 19

A mathematical process by which to evaluate whether something has a value equal to or greater than the amount paid is known as:

A) A proactive strategy.
B) Mitigation.
C) A cost-benefit analysis.
D) Risk management.

Question 20

In risk assessment, it is important to keep which of the following out of the decision-making process?

A) Statistical facts
B) Calculations
C) Emotion
D) Consensus

Question 21

When performing a risk assessment, you should consider potential for:

A) Physical harm.
B) Psychological harm.
C) Financial harm.
D) All of these.

Question 22

"If a patient slips on a wet floor, staff members are directed to immediately help the patient up, perform a physical exam to determine harm, send the patient for x-rays to ensure no fractures were caused, and complete and submit an incident report." From its content, you can tell this statement is a:

A) Proactive strategy.
B) Risk assessment.
C) Reactive strategy.
D) Cost-benefit analysis.

Question 23

An element of 'medium risk' means there is a ________ probability of harm.

A) 0% to 25%
B) 10% to 50%
C) 25% to 70%
D) 50% to 85%

Question 24

According to the DHHS-published list of suggestions for developing risk management strategies, to avoid miscommunications, you should:

A) Only summarize in chart documentation.
B) Accept verbal consent for non-emergency procedures.
C) Never document patient non-compliance.
D) Use only standard terminology.

Question 25

In order to accurately assess the level of risk of a procedure or using new equipment, you will need to:

A) Interview previous users.
B) Visit the manufacturer's factory.
C) Quantify it.
D) Qualify it.