Nursing as a profession is challenging on its own. If you still feel like the challenges are not up to the mark and the demands of the job aren’t enough, then risk management nursing is the right fit for you. Risk management nurse is more advanced than regular nursing, it’s a specialty among the profession one can earn through various learning and degrees.
Choosing a specialty helps you to grow as a person and enhances your abilities and lets you know your capabilities. The job as a risk management nurse is as dynamic as it gets, always going with the flow of time and coping up with the ongoing changes. So what exactly is the risk management nurse Jobs and how do we get them?
The most essential part of a risk management nurse is to make sure that a safe and healthy outcome is provided to a patient during their medication process and also to protect the hospital’s interest by minimizing potential risk in the treatment and liabilities. To minimize potential losses, healthcare facilities often hire healthcare risk management nurses to monitor and manage risks and liabilities. Risk managers work to ensure safety for both the patient and healthcare staff.
A nurse risk manager has several other responsibilities in addition to providing nursing care to patients. The most basic of their responsibilities is to build a trusting relationship with the patients and their families regardless of whether they are providing direct care for them or not and guide them through the treatment plan. They are usually responsible for the oversight and direction of a healthcare facility’s treatment programs, which includes recreating the same situation of any care or medical treatment that went wrong and figuring out the problem and provide any solution and enhance the care system so it does not happen again.
Their other responsibilities include activities like coordinating with patient, staff, administration and other healthcare members. Nurse risk managers are expected to keep their patients and their families as updated as possible about the adverse outcomes of their medical choices without compromising the welfare of the hospital. They also review other medical members such as the regular nurses and also act as a supervisor. Some other key responsibilities include –
• Review past incidences, claims and liability reports to identify the risks the facility is facing.
• Conduct research on various risks and file reports of the findings to the management.
• Provide recommendations and solutions to immediate problems.
• Create a risk management plan to help avert future problems.
• Conduct risk management training to other staff members.
• Develop new policies and procedures.
• Monitor the actions of other staff or their work environment to see if they comply with the existing policies and procedures.
• Investigate patient complaints and medical malpractice claims
• Review medical records for liability issues
• Conduct risk-management training programs
• Research and report on medical and legal topics
• Examine financial and other records for instances of fraud or theft
• Manage lawsuits and act as a liaison for liability claims.
Now, getting the job is not easy. A risk management nurse is required to have abundant knowledge on medicine, treatment, risk management, financial acumen etc. A risk management should always be one step ahead of the treatment, for that you need great planning and coordination skills.
You have to be able to work well individually and as part of a team. A risk management nurse must perform well in extremely stressful situations and remain calm under intense pressure. Risk management nurses need to understand the policy of their workplace, the system and the administration. A risk management nurse always goes through constant situation analysis, so top notch critical analysis skills is necessary along with good intuition skills.
Apart from the skills and expertise, there are some educational requirements that need to be fulfilled. The basic degree that is required is the bachelor’s degree in nursing or healthcare management or healthcare administration; some place however even demands the master’s degree. Some courses like behavioral science, psychology and pharmacology count as well.
Furthermore, along with the coursework, they will be required to complete a risk management project and an internship program. None of these educational requirements go in vain; all these courses and training will help them grow as a person and will also engrave them with knowledge in strategic planning, budgeting, human resource, and policy-making and hospital organization and leadership skills. A prior managerial or legal position also somewhat proves to be beneficial.
So one might ask, what’s the point in being expertise in risk management, is the job outlook goes or is the salary good? Well, the healthcare industry is growing day by day and getting more complex. New challenges emerge every day with potential new risks. Healthcare organizations are expected to hire numerous risk managers to help them prevent problems and not carry on liabilities. The demands of the risk managers will be largely dependent on the number of risks that arise in the coming future. Now let’s talk about the risks. What kind of risks are there?
Data breaches, network interruptions, medical malpractice, financial losses, staff compensation injuries, patient negligence, carelessness and workplace violence are most of it. So insufficient number of risk managers might cause problems internally and externally.
In a recent survey, it was predicted that the employment of healthcare service managers or risk managers will grow by 20% from 2016-2026, faster than the average for all occupations. The demand is high, the salary is also good.
On average, a risk management nurse earns about $75,000 a year. Entry level nurses can earn 9% below the average while experienced nurses can earn 4% higher than that.