NAHQ CPHQ Practice Exam 2024 - Free Certified Professional in Healthcare Quality Practice Questions and Study Guide

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Question: 1 / 50

Which of the following is the primary goal of risk management?

Eliminate financial loss associated with legal actions

The primary goal of risk management is to eliminate or minimize financial loss associated with legal actions. While patient safety is a crucial aspect of risk management, the primary focus is often on mitigating financial risks for the healthcare organization due to potential legal actions. Effectively managing risks can help prevent costly litigations, penalties, and settlements, ultimately safeguarding the financial stability of the organization.

Identify and manage risks to promote patient safety

Maintain an effective incident reporting system

Perform failure mode and effects analyses

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