Final Paper_Annotated Bibliography Assignment This assignment is listed on the syllabus as "Final research paper" and is worth 20% of your grade. Your final paper will be an annotated bibliography, sp

Concept Paper:

This paper provides you the need for implementing the Enterprise risk management (ERM) at health care sector and how to do that. There are dramatic changes that are faced by the healthcare sector. There is a great shift from the volume-based delivery model to that of the value based one in the environment of the hospitals. ERM helps to gather the logical frameworks in order to identify, measure as well as act on expanded sections of mass risks faced by the health care organizations nowadays.

In this paper the master heart associated with this research work is implementing ERM in healthcare sector. There is threat for staff, patients as well as organization in healthcare. Hence in a healthcare sector there is a need for managers to assess risk, manage, develop as well as implement the risk management plans. The main idea and concept associated with this paper is that, ERM has good opportunity in organization for their growth. There should be a need to implement the strategy with the healthcare also and it will result in the boost up of financial transparency and to establish a management that are process oriented and this approach provides a motivation for study as described in paper.

It is clear that there are numerous matters that forces the healthcare sector to get evaluated on all major areas like financial, technology based, regulatory, changes applicable for healthcare sector, resource accessibility to staffs etc. The concept paper here explains you with how to implement the ERM. To identify the critical risks, financial strategy, operations and the strategic impact facing, to maximize the value associated with the enterprise the need for ERM in healthcare is very important. It is done by the proper evaluation, survey, interview, and interpretation to inventory as well as risks by area, recognized risks be analyzed as well as prioritized for act according to the stage of contact they would include on the group.

Reference:

Second Curve Road Map for Health Care. Health Research & Educational Trust. Chicago: April 2013.