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Risk Assessment Framework & Process |
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Company-wide Objectives
Enterprise Wide Risk Management is implemented across the Group with Risk Coordinators appointed at each hospital to coordinate and monitor the implementation of risks management activities. The Key Performance Indicators or KPI of the Group is cascading down to the hospitals and companies which in turn cascade it down to the respective Business Unit. Each hospitals and companies are encouraged to identify relevant risks that may affect the achievement of these KPI’s.
Risk Identification and Analysis
Being a healthcare organization, the Group has also established a Clinical Governance Committees with the objective of ensuring the provision of the highest standard of safety and appropriate patient care within all hospitals in the Group. The Committee has put in place clear lines of responsibility and accountability for the overall quality of clinical care, a comprehensive program of quality improvement activities, clear policies aimed at managing risks and procedures for all professional groups to identify and remedy poor performance. The Committee has produced a Clinical Risk Management Framework, which provides a coordinated approach to identification, analysis and management of clinical risks.
The Management is continuously conducting awareness training on risk management throughout the Group. This training has contributed to a greater understanding of the risks facing the Group’s respective business functions and the actions required to deal with them. Based on risk assessment and evaluation, none of the risks identified fall within the category of extreme risks which can cause catastrophic situation.
During the year under review the Group focused its Risk Management activities on incident reporting and root cause analysis. This is to ensure that every incident is investigated and the root cause is identified to prevent future recurrent
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