Healthcare is a high-risk industry with patient lives on the line. A lot can go wrong, and while you can never eliminate risk, there are several improvements you can make to enhance your strategy for risk management in healthcare.

There are many moving parts in healthcare, but improving and streamlining those parts reduce risk to suppliers, providers, staff, and patients. Improvements can be applied where inefficient supply chains prevent hospitals from addressing increasing medical care needs. Poor recall communication leads to poor medical device risk management and is one part of the problem. Fortunately, that can be improved.

Included are  two best practices you can implement to reduce provider risk at your healthcare facilities. 

The Benefits of an Effective Strategy for Risk Mitigation in Healthcare

An effective risk mitigation strategy benefits everyone, from suppliers to providers to patients. Improving your current strategy and implementing necessary policy changes will provide benefits such as:

• Improved patient safety, care, and satisfaction
• Reduced risk of litigation
• Increased ability to achieve and maintain accreditation standards
• Enhanced communication among healthcare providers
• Improved revenue 

Best Practices for Risk Mitigation in Healthcare

There are many healthcare risk mitigation best practices, but here are the two that deserve your immediate attention. 

Improve Your Supply Chain Strategy Using Innovative Automation

Automation is a fundamental component of reducing provider risk and optimizing supply chain strategies in healthcare. Automated solutions improve many traditionally manual activities to offset current challenges, reduce costs, and improve efficiency. Healthcare providers can benefit from solutions like:

• Predictive Analytics: Predictive analytics offer a powerful way to reduce provider risk through statistics, data trends, and other techniques. Data helps providers predict and prevent disease in at-risk patients, better prepare for health trends, and mitigate patient hospital readmissions. 
• Automation of data management for Operational Process:  Inventory Management and revenue cycle management have been  revolutionized by: automation. Technology leveraged for tasks historically requiring human touch has reduced errors, increased productivity and decreased time to complete tasks. Automation can also  improve the resiliency of supply chain processes by improving spending efficiency.
• Electronic Communications: Electronic communications significantly reduce risk by bridging the gap in connectivity between suppliers and providers. This is especially important in, improving recall compliance, minimizing financial costs, and improving patient safety associated with an adverse event or recalled product.

Employ Effective and Consistent Operational Policies

Communication is key to risk mitigation in healthcare for providers. Everyone needs to be on the same page, and  establishing operational processes and procedures to mitigate risk is critical. An open dialogue and sufficient structure and employee training for policies  will ensure operational consistency and minimize risk.

Clear and effective policies, especially when implementing changes, will guide staff through their day-to-day activities, improving compliance and patient care.

‍Reduce Your Provider Risk with NotiSphere 

NotiSphere is a valuable solution that  helps with risk management for medical devices and healthcare products by optimizing  your recall management strategy. Through automation and electronic communications the recall management process is more reliable, streamlined, and consistent. Ultimately this reduces the risk of patient harm coming from a recall event.

Our innovative solution improves the recall process for providers and suppliers, resulting in better patient care, reduced cycle times, increased efficiency, and lower costs. Additionally, NotiSphere eliminates up to 95% of paper recall notifications providers receive, reducing alert fatigue and delays in patient notification.

Contact NotiSphere to learn more about our innovative solutions and how we can help you create an effective strategy for risk mitigation in healthcare. 

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