RISK MANAGEMENT AND INTERNAL AUDIT FOR HOSPITALS
Strategies for successful implementation
The competitive reorientation of hospitals requires a fundamental transformation from an administered organization to a managed company, which is one of the huge challenges for every executive. Hospitals which are practicing an active risk management do realize explicit and perceivable competitive advantages, because the forward-looking management of risks and opportunities determines whether a hospital belongs to the winners or losers of the market consolidation in the future. High quality of results and processes as well as – from the point of view of the patients – human attention and quality of services are the important outcomes. Active management of medical quality, period of hospitalization, services, proceeds and costs will become more and more strategic success factors.
The implementation of an effective internal audit plays a pivotal role to protect and improve key processes at the hospital. Internal audit as a meaningful instrument of corporate governance should supervise and improve both, processes and their controls and risk management systems as well. Beyond that, internal audit is an essential column to avoid unwanted consequences in terms of personal liability of the management and supervising board of the hospital.
Legislation and jurisdiction expressly emphasize the importance of risk management and risk controlling as well as their effective supervision by internal audit. We provide strategies how to built and supervise a comprehensive and integrated risk management system, in order to achieve your objectives effectively and to ensure the challenging statutory provisions of your corporate governance.
