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Healthcare Accreditation as a Tool for Financial and Risk Management Analysis

Healthcare Accreditation as a Tool for Financial and Risk Management Analysis

Elizabeth Ziemba
Copyright: © 2021 |Volume: 1 |Issue: 2 |Pages: 18
ISSN: 2767-3820|EISSN: 2767-3839|EISBN13: 9781799884729|DOI: 10.4018/JHMS.2021070102
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MLA

Ziemba, Elizabeth. "Healthcare Accreditation as a Tool for Financial and Risk Management Analysis." JHMS vol.1, no.2 2021: pp.14-31. http://doi.org/10.4018/JHMS.2021070102

APA

Ziemba, E. (2021). Healthcare Accreditation as a Tool for Financial and Risk Management Analysis. Journal of Healthcare Management Standards (JHMS), 1(2), 14-31. http://doi.org/10.4018/JHMS.2021070102

Chicago

Ziemba, Elizabeth. "Healthcare Accreditation as a Tool for Financial and Risk Management Analysis," Journal of Healthcare Management Standards (JHMS) 1, no.2: 14-31. http://doi.org/10.4018/JHMS.2021070102

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Abstract

The risk management landscape for healthcare providers is growing more complex, presenting hospitals and clinics with regulatory compliance challenges. Accreditation plays an important role in providing risk management best practices, offering expertise to healthcare providers to navigate risk management demands. The current business climate makes it difficult for financial organizations to assess risk. Opportunities are lost to leverage the accreditation process including the assessment report. Healthcare providers can access accreditation standards and expertise to improve overall performance. Successfully accredited hospitals and clinics may utilize accreditation reports to negotiate more favorable financial terms and conditions. Financial organizations can use accreditation reports to help evaluate providers' operational and financial risks. Healthcare providers and financial organizations are failing to maximize the benefits of accreditation including accessing risk-related information in the assessment report.

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