The benefits of hospital Enterprise Risk Management (ERM) include:
Improved patient safety
Enhanced regulatory compliance
Increased operational efficiency
Improved financial performance
Enhanced reputation and public trust
Proactive risk identification and mitigation
Improved patient satisfaction and experience
Better allocation of resources
More effective communication and collaboration.
ERM provides a comprehensive and systematic approach to managing risk in healthcare organizations, which helps to ensure the delivery of high-quality patient care, mitigate negative impacts, and enhance overall organizational performance.