Organization Overview
The Mayo Clinic is a nonprofit organization. The organization is known to offer services in numerous different departments and specialties like cancer prevention, minority health and wellness programs, memory disorders, and brain aging such as Alzheimer’s, transplants, community outreach programs, and research (Mayo Clinic, 2021). The Mayo Clinic’s services are offered to all patients without discrimination based on sexual orientation, race, disability status, gender identity, faith, culture, or military service (Mayo Clinic, 2021).
Organization Regulation, Standards, and Accreditation
The Mayo Clinic ensures it is in compliance with the strict state and federal regulations that include Notice of Privacy Practices, which is responsible for informing patients about their rights based on their medical information, the Equal Employment Opportunity and Affirmative Action (EEOC), the Joint Commission, and Health Insurance Portability and Accountability Act (HIPAA) that is meant to protect private medical data from being exposed without the permission of the patient. All of these regulations are put into an integrated use that enables the Mayo Clinic and other relevant entities to comply with the federal and state regulatory accreditations and guidelines. The clinic is affected by the following system policies:
- Those targeting the promotion of adherence to federal regulations, such as EMTALA, Safe Medical Device Act, and ADA, or accreditation requirements (DNV).
- That directly describes particular practices related to patient care like patient triage in the ED, labor induction, and specimen collection.
- Guidelines on clinical practices for some instances or situations, approved by the staff.
Effects on Risk Management
By ensuring that it abides by the state and federal regulations for Risk management, the Mayo Clinic enjoys some advantages and encounters other disadvantages. The benefits include:
- The maintenance of the organization’s economic stability.
- Increasing the organization’s transparency.
- Protecting the organization against unlawful and unfair practices and fraud.
- Risk Treatment: the regulations aids in the treatment of the clinic’s risks that are subsets of a plan’s implementation (Patient Safety & Quality Healthcare, 2014). The company enjoys internal; compliance that is brought and mitigated towards the abandoned actions.
- Handling Previous Projects: If the previous stages’ risk analyses were carried out appropriately, the calculations could be transferred without the detailed information being processed along different risk channels. The memory can be maintained to unfold similar future risks conflicted within the schematic schedule (Patient Safety & Quality Healthcare, 2014).
The management of risks sums up in the wastage of time in compensation for the projects among other disadvantages.
Complex calculations: Risk management is surrounded by complicated calculations with regards to managing scenarios (Patient Safety & Quality Healthcare, 2014). Without automatic tools, the entirety of risk management calculations is tedious and difficult.
Ambiguity: The ambiguity may come from loss. Still, the people have to ensure it is covered within the anticipated scale of losses of the discounts, and even the unnecessary insurance discounts have to be considered (WiseStep, 2016).
Implementation Difficulties: Risk management involves long periods taken to gather information about strategic plans. It entails universal standards that are adopted and mitigated based on monetary values (WiseStep, 2016).
Performance: Since subjectivity is the only way to process risk management, it is responsible for the controls of the prospects in each issue (WiseStep, 2016). It is identifiable by the difficulty involved in implementing controls.
Organizational Performance Management Systems
Organizations should consider applying five major components. Management involvement is one of the most vital functions that an organization can use to guarantee that it is successful, setting the standard for the employees, continual coaching and feedback, consistent, ongoing conversations, and development (WiseStep, 2016).
Additional Links
References
Mayo Clinic. (2021). About Mayo Clinic – About Us – Mayo Clinic. Retrieved 9 December 2021, from https://www.mayoclinic.org/about-mayo-clinic
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