What is risk management in a hospital setting?

In a hospital, risk management is a department that works to prevent situations within the hospital that may result in profit loss or liability. Risk management departments identify types of risks in the hospital and develop solutions to remove or mitigate these risks.

Risk management employees work in the hospital to prevent harmful situations from occurring. Examples of risks that risk management employees identify within hospitals include patient privacy breaches, medical errors and potentially hazardous conditions for patients and other hospital employees. Risk management employees in hospitals often work in teams to determine proper responses for each risk the members of the team identify.