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ASHRM Board and ERM, "Walking the Walk".

Ellen Grady Venditti

    Journal of Healthcare Risk Management : the Journal of the American Society for Healthcare Risk Management
    |April 21, 2015
    PubMed
    Summary

    The American Society for Health Care Risk Management (ASHRM) used Enterprise Risk Management (ERM) to identify potential threats to its strategic plan. This proactive approach helps ensure the successful execution of organizational goals.

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    Area of Science:

    • Healthcare Administration
    • Risk Management

    Background:

    • Strategic planning is crucial for organizational success.
    • Identifying potential threats is essential for effective strategic execution.

    Purpose of the Study:

    • To apply Enterprise Risk Management (ERM) to the ASHRM 2015 Strategic Plan.
    • To proactively identify internal and external threats that could jeopardize the plan's objectives.

    Main Methods:

    • The ASHRM 2015 Board of Directors utilized a core ERM question: "What could go wrong?"
    • This question was applied to the existing Strategic Plan to uncover potential risks.

    Main Results:

    • The application of ERM facilitated the identification of potential internal and external threats.
    • This systematic risk identification process supports robust strategic planning.

    Conclusions:

    • Integrating ERM into strategic planning is a valuable method for threat identification.
    • Proactive risk assessment enhances the likelihood of achieving strategic goals in healthcare organizations.

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