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Healthcare Risk Assessment: Identifying Key Issues and Risks
- Identifying compliance risks in healthcare
- How to evaluate those risks
- Finalizing the risk assessment and sharing with leaders
- Turning your risk assessment into a reasonable and useful work plan
Overview of the webinar
Healthcare risk assessments have evolved over the years as the regulatory landscape has changed. One important aspect of an effective Compliance Program is the Risk Assessment. The risk assessment is a process for identifying all the types of risks in the environment that may negatively impact your organization. Those risks may be external, such as government audits or investigations. They may be internal, such as billing errors, system problems, or fraud and abuse. Many risks arise out of new laws or regulations that are poorly understood and, as a result, were not implemented properly. The risk assessment undertakes an inventory of all those various issues in the environment, and then, through a systematic analysis, evaluates the likelihood and severity of each risk. Because of the many potential risks, particularly in healthcare, this activity is critical for focusing important resources on the greatest risks or those areas most lacking in controls. Organizations lacking a robust risk assessment process are likely to waste resources trying to address risks that are less severe or less likely to occur. Many organizations have a very scattered approach, driven by random topics that cross the desks of board members, executives, or even legal or compliance staff, and sound concerning. The purpose of the risk assessment is to put structure around this decision-making and allows you to demonstrate to leaders as well as regulators that you have assessed and thoughtfully determined the work plan and priorities for your organization. The presence of such a risk assessment, and the resulting work plan, is great protection for the organization, showing the organization’s intent to be a good corporate citizen and take seriously its responsibilities.
Who should attend?
- Compliance Officers, Managers and other staff
- Healthcare Attorneys
- Healthcare Administrators and Management
- Risk Managers
- Process Improvement staff
- Internal Audit
Why should you attend?
Healthcare is subject to thousands of pages of laws and regulations, overwhelming to even the most organized and well-resourced organizations. The purpose of a compliance risk assessment is to identify those risks, based on a variety of sources, and then prioritize those risks to determine where you should focus your resources in order to truly minimize the potential harm to the organization. This session will walk you through the process for identifying the many sources of risks that should be evaluated, and then the various factors that should be weighed to determine the likelihood and the severity of the specific issues identified. The resulting analysis will provide you with a roadmap to focus scarce resources to the best advantage to protect your organization.
Faculty - Ms.Susan Walberg
Susan Walberg has over 25 years working in healthcare, including as a fraud analyst for a health plan, a CMS subcontractor, an in-house attorney, Privacy Officer and Compliance Officer. She has worked with many types of healthcare providers to develop compliance programs, including large health systems, community hospitals, physician practice groups, clinical labs and radiology companies. Her current consulting work includes conducting compliance program assessments and risk assessments, developing compliance programs and providing interim compliance officer services. She also frequently works with organizations undergoing organizational change and helps develop structures and processes to address a wide range of risks while gaining operational efficiency. Susan has a law degree and Masters in Public Administration and is certified in healthcare compliance.