How to manage the unmanageable.
In today's volatile financial environment, those responsible for managing an organization's investment risk will be tested and challenged. The risk management process described in this article can be effectively implemented within any healthcare organization by following three broad steps: Assemble a cross-functional team to define the risk management priorities of your organization. Educate all of the people involved in relevant aspects of risk management. Foster an environment that supports collaboration and open dialogue. The collaborative approach to risk management is a people-dependent process. First and foremost, risk management is about people, the decisions that they make, and how well they work together daily.
Doody
Dennis
D
Commonfund, Wilton, Conn, USA. ddoody@cfund.org
D005377:Financial Management, Hospital / Q000458:organization & administration*; D007449:Investments / Q000458:organization & administration*; D012308:Risk Management / Q000379:methods*