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Internal audit: Identifying risks within your health care organization

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The demands on health care organizations and their administrations are increasing in what is a complex and highly competitive environment. Risks are seemingly around every corner, from legislation and regulatory developments to operational and financial concerns. It is sometimes difficult to be aware of emerging and existing risks while maintaining focus on patient care, organizational strategy and mission. With this in mind, it is important to identify, prioritize and thoroughly evaluate the risks that potentially affect your organization. While there are risks that are specific to the industry, there are also those that are likely specific to your organization, depending on your mission and operations.

As you define new objectives and implement new initiatives, and as regulatory demands change, the risks that your organization faces tend to evolve as well. The method with which you assess risk must therefore be flexible as well. A comprehensive risk assessment and internal audit can help you to locate high-risk areas within your operations as well as potential opportunities. This process will allow your organization to more efficiently determine where resources should be allocated.

To learn more, read Health care internal audit: Identifying prevalent risks within your organization.

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