Corporate Compliance

Assess your facility’s risk controls

Compliance Monitor, November 23, 2005

Assessing existing risk controls is an important step in conducting a comprehensive risk assessment. When assessing controls at your facility, consider the following three criteria:

  • The likelihood of an event. This means the inherent probability of risk occurring without considering existing controls.

  • The effect of a potential event. Assess the potential significance of a risk without considering existing controls.

  • The existing risk factor. This refers to the estimated percentage of unmitigated risk when considering existing controls.

    This tip is an excerpt from Strategies for Health Care Compliance.

    Editor's note: If you have a tip that you would like to share with your compliance peers, please send it to Compliance Monitor Editor Rebecca Griffin and we'll publish it in a future issue of Compliance Monitor.

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