Taking Healthcare ERM to the Next Level - Strategic Decisions and Risk Management Program

Explore a comprehensive 51-minute lecture on advancing Enterprise Risk Management (ERM) in healthcare organizations. Discover how value-driven ERM addresses the integration of downside risk management while capitalizing on value creation opportunities. Learn about uncertainty, downside risks, future upside potential, and internal rate of return. Examine case studies, including safe patient handling and tornado preparedness. Understand the importance of data, subjective probability estimates, and strategic decision-making. Gain insights into ISO 31000, Monte Carlo simulation, and convincing senior leadership. Participate in polls and engage in a Q&A session to deepen your understanding of ERM in healthcare settings.

Introduction
Agenda
Learning Objectives
Uncertainty
Poll
Poll Results
Downside Risks
Future Upside
Internal Rate of Return
Other tangible benefits
Conclusion
Where is your data
Using subjective probability estimates
The subprime mortgage boom
The next poll
Recap
Why Focus on Risk
Safe Patient Handling
Tornado
Component of Value
Results
Recognition
Value Creation
The Holy Grail
Uncertainty and Value
PartTime Masters Degrees
Professional Certificates
Strategic Decisions Group
Strategic Decision Making
Final Poll
QA
ISO 31000
Questions
How do we convince senior leadership
I work in a facility with 515 licensed beds
Command and Control
Why IRR
Monte Carlo Simulation
Closing