Managing risk to reduce costs.
Historically, medical malpractice has been the focus of risk management because of the high cost of malpractice insurance premiums and claims. By employing risk control and risk financing in nonclinical as well as clinical areas, however, risk management also can be used to reduce costs associated with workers' compensation and liabilities arising from purchasing arrangements and managed care contracting.
Pores
J H
JH
Physicians' Reciprocal Insurers, Inc., Manhasset, NY, USA.
D005377:Financial Management, Hospital / Q000379:methods*; D006740:Hospital Administrators; D008329:Managed Care Programs / Q000191:economics; D011682:Purchasing, Hospital / Q000191:economics; D012308:Risk Management / Q000191:economics*; D014481:United States; D014942:Workers' Compensation / Q000191:economics