Which of the following is a consequence of effective risk management?

Prepare for the HCQM Quality Improvement, Management, and Assurance Test. Utilize flashcards and multiple choice questions, each with hints and explanations for effective study. Excel in your exam!

The consequence of effective risk management is increased patient satisfaction. When an organization prioritizes risk management, it systematically identifies potential hazards, assesses their impact, and implements strategies to mitigate them. This proactive approach enhances the overall quality of care, leading to safer patient environments and better health outcomes. As patients feel safer and more cared for, their satisfaction levels rise.

Effective risk management not only addresses immediate risks but also fosters a culture of safety and performance improvement within the organization. This culture can lead to smoother operations and a more responsive system, both of which are crucial for maintaining high patient satisfaction.

In contrast, decreased operational efficiency, higher turnover of staff, and reduction in available resources can result from poor risk management practices. By effectively managing risks, organizations are more likely to optimize their resources and improve operational efficiency, which in turn helps in retaining staff and ensures that patient care remains a priority.

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