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Global survey of healthcare risk and financial professionals highlights the need for integrated approaches to risk management to tackle emerging challenges.
Bạn đang xem: New research highlights need to break down silos in healthcare risk management to improve outcomes
TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) — The healthcare sector faces unprecedented risks, from skills shortages and cybersecurity threats to economic pressures and the unintended consequences of AI technologies. A new report by ACCA (the Association of Chartered Certified Accountants), Risk Cultures in Healthcare: The Role of Accountancy, underscores the growing recognition of the importance of a collaborative risk culture to navigate these complexities effectively.
The study of nearly 100 healthcare professionals from across the world identified the integration of clinical, operational, and financial management as a critical step towards achieving enterprise risk management. This alignment fosters better decision-making and enables healthcare organizations to deliver quality patient care – the common purpose shared across the sector.
Rachael Johnson, head of risk management and corporate governance for ACCA, said: “By collaborating and learning from each other, different departments in healthcare can meet shared objectives—of quality care, financial sustainability, and regulatory compliance—more effectively.”
The report outlines key enablers of a strong risk culture, including effective communication, cooperative education, and a transparent environment. It also emphasizes cross-functional knowledge-sharing and ethical decision-making as essential practices for managing interconnected risks, from rising cybercrime and fraud to fast-changing workforce challenges.
Mark Millar, former ACCA president and non-executive director at East Suffolk & North East Essex NHS Foundation Trust, warned against viewing risk management solely as a financial function.
“Understand that risk in healthcare is far more than a financial issue. It is about life and death. Old cultural attitudes viewed people who raised the profile of risk as admitting to failure and they were therefore subject to criticism or censure. A more helpful culture is one that encourages the sharing of information willingly to address challenges and make improvements,” he said.
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The study also reveals regional nuances in risk priorities:
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Africa: Balancing the promise of telemedicine with infrastructure challenges and corruption risks.
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Canada: Addressing cybersecurity concerns while adapting to regulatory changes.
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UK: Striving for talent retention amidst rising living costs and advancing technology adoption.
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Caribbean: Managing climate-induced risks alongside workforce shortages.
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Ireland: Integrating clinical and enterprise risk management to overcome fragmented systems.
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