What is the primary purpose of Enterprise Risk Management (ERM) in health care?

The primary purpose of Enterprise Risk Management (ERM) in health care is to promote a comprehensive framework for risk management decisions. This framework allows health care organizations to identify, assess, and manage risks across all areas of operation to ensure patient safety, regulatory compliance, and financial stability. By implementing ERM, organizations can systematically evaluate risks, which aids in making informed decisions that align with their strategic goals. This holistic approach allows healthcare providers to anticipate potential challenges, mitigate risks proactively, and create a culture of safety and accountability within the organization.

The focus of ERM is not on creating new management positions, providing specific insurance for workers, or addressing employment discrimination, although these may be relevant to overall health care management. Instead, ERM's core aim is to integrate risk management into the organizational culture and operational processes, thereby protecting the organization and enhancing its ability to deliver quality care.