Owners, CEOs, CFOs, Directors of Operation and Administrators are all overlooking, or at least not employing, the process called risk management. Risk Management may be the single biggest hole in an organization's management and financial planning. Risk is real, it is everywhere, in every facility and organization, and it must be dealt with continuously.

What other area can create instant wealth, instant protection from costly claims and litigation using just a little brain power and team effort? Companies and facilities that don't pay close attention to risk management do so at the cost of continued regulatory citations, civil money penalties, costly claims and potentially devastating lawsuits.

Risk management in the long-term care industry is a simple process. It is a process that is almost always overshadowed by the everyday problems that managers and administrators are constantly dealing with. Administrators and managers are too busy "putting out fires" to be involved in the methodical processes of risk management.

There are two simple solutions to this problem. The first is to hire a risk manager for each facility or organization. This however is not always possible due to the financial constraints placed on the facilities. The second is to employ the services of an independent consultant risk manager.

The independent consultant can in a very short time provide the facility with risk management services that include assessment of the operations of the facility, which would include management, clinical, property, life safety, auto and worker's compensation. These assessments also include an analysis of regulatory standings and claims history. Along with these assessments, the independent consultant provides the risk management strategies needed to limit the risks found. He also offers assistance in implementing the strategies and provides ongoing monitoring to assure the facility has eliminated or reduced the risks. He follows the Concept of Risk Management.

It is not easy to place a monetary amount that risk management can save an organization, but the avoidance of one claim or lawsuit could save up to millions of dollars. Dollars spent for risk management consulting are dollars well spent. 

Risk is real! Risk must be dealt with!

Beacon Risk Management Services (BRMS) is your way to deal with risk. BRMS consultants can save you countless dollars and keep your organization out of costly claims and lawsuits while also helping you stay in regulatory compliance. Give us a call at 1-877-428-0990 or e-mail us at  brms@beaconriskmanagement.com to discuss your organizations risk management needs.