Electronic Health Records

Question: Discuss the risk management issue, associated risk management implication, philosophy and culture, ethical or legal implication. Answer: The Risk Management Issue The electronic health records play a vital role in order to improve the safety of the patients. This in turn also decreases the exposure to the medical liability of the patients. However, the use of the electronic health records is creating a diversity of new risk management as well as issues related to the safety of the patients (Cresswell Sheikh, 2012). The world is transformed fundamentally by the digital technology that is the web-enabled devices have transformed the daily lives of the individuals and have changed their process of communication. The electronic health record is important in the Academy of Managed Care Pharmacy as it helps to provide a faultless flow of information within the digital health care infrastructure. The Academy of Managed Care Pharmacy is a national professional organization of pharmacists, health care practitioners and others who enlarge and offer clinical, educational and business management services. As a result, the information is available wherever and whenever it is required (Bisbal, 2013). Regulatory Requirements A compliance risk management is decisive to the success of the regulatory compliance operation. A vigorous risk management program that is electronic health record will allow the Academy of Managed Care Pharmacy to recognize the weaknesses in internal controls and systems. The regulatory requirement in this organization includes the risk assessment that helps to identify the possible risks. Risk remediation is also a part of the regulatory requirement that helps to develop a risk remediation work plan. The risk remediation work plan is a process that helps to determine the protectiveness of a remedial action and establish clean objectives (Lowell, 2016). Associated Risk Management Implication The associated risk management implication is the impact of the poor quality rating on the image of the organization. A poor quality rating will affect the Academy of Managed Care Pharmacy in such a way that the organization will start facing problems in terms of profits and productivity. The productivity will be hampered, as the customers will avoid going to the pharmacy for the poor image. The dissatisfied customers are vocal in their criticisms as far as quality problems are concerned. An individual will prefer to go the pharmacy that will have a good quality image. This in turn will also lead to the lowering of the profit. Thus, focusing on the quality is always a team effort (Glendon et al., 2016). SWOT Analysis An organization implements an electronic health records in order to gain additional resources that is both human and financial resources. The electronic health record also helps the organization to collaborate with the nurses during the training phases. A SWOT Analysis needs to be constructed to assess the internal versus environment (Jensen et al., 2012). Strengths The famous organization such as the Academy of Managed Care Pharmacy makes use of the electronic health records on a high interest. Weakness One of the major weaknesses is that it involves overuse or widespread use of the same volunteers. Opportunities It has the opportunity to influence the health information technology public policy that will be beneficial for Academy of Managed Care Pharmacy. Threats One of the major threats is that there is an increasing cost that is affecting the attendance in meetings. Resources or Strengths The resource as well as the strength of this organization is the workers. The risk management issue can be addressed with the day-to-day good behavior of the employees. Philosophy and Culture The philosophy and culture of the organization that relates to the safety of the patients is to empower its workers to serve the society. This can be done by making the use of sound principles of medication management. The culture also includes the strategies that will improve the health care for all. The philosophy is to monitor the safety and clinical efficiency of new medication in the market. The voluntary reporting can be encouraged by creating incentives in order to control the out-of-costs of patients. This will include the lowering of the copayments on general drugs as well as certain brands (Murad, 2014). Metrics Metrics are like a gauge. A metric that can be used to measure the risk management is the KRI. The KRI will help to determine the directions from the risks are coming. This in turn helps the organization. The deviation from the target can also be identified with the help of the metric (Fenton Bieman, 2014). Outcome Data According to the recent reports, the outcome is that the organization has been able to lead to a 24 percent reduction in the drug-related deaths. This will help to gain the confidence of the patients and will lead to the welfare of the organization. The increase in the welfare will in turn increase the profit of the pharmacy. Ethical or Legal Implication It has always been argued that an issue related to risk management that is the electronic health records needs to acknowledge several ethical and legal implication. Several risks take place due to the change in the living condition of the people. The organization needs to take care about the health and safety of its patients as well as the workers. The organization needs to act ethically, in order to manage the risk in a proper way (Pritchard PMP, 2014). References Bisbal, J. (2013). Electronic Health Record Systems. InEncyclopedia of Systems Biology(pp. 649-650). Springer New York. Cresswell, K., Sheikh, A. (2012). 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