Question

Please apply risk control or risk finance techniques (Table 2) to each risk example (Table 1). You can apply different technique(s) to each risk example.

Table 1

Domain	Risk Example
Operational	Hygiene problem faced in hospital or staff
Clinical / Patient Safety	Absence of adequate oxygen cylinder or absence of clear plan of fire exit process
Strategic	No clear strategy on which specialty service in medical field organization wants to serve may lead to improper equipment or skilled doctors and staff
Financial	Mismanaged working capital of hospital may lead to stop of operation
Human Capital	Recruitment of unskilled doctors or staff may lead to operational or legal issue
Legal / Regulatory	Use of banned medicine by law in the hospital may lead to legal action
Technology	Medical equipment giving wrong reading which may create chaos in treatment
Hazard	Risk of exposure of radioactive materials used in healthcare

Table 2

Risk Control Techniques	Risk Financing Techniques
1. Avoidance 2. Prevention 3. Reduction 4. Segregation 5. Non-Insurance Transfer	1. Retain – Self-insure 2. Transfer – Insurance 3. Non-Insurance Transfer

Answer 1