Top 7 Risk Management Articles from 2017

By Lowers & Associates,

High reliability organizations, active assailant risk management, and healthcare security are just a few of the topics that dominated the Lowers & Associates Risk Management Blog in 2017.

Here we provide a summary of our 7 most-read articles from 2017.

1. 5 Principles of High Reliability Organizations

High Reliability Organizations (HROs) are anomalies. They exist in the kind of very complex, fast-evolving environments where you would expect chaos to prevail. But it doesn’t. HROs are able to cope successfully with unexpected conditions. That’s what makes these unusual organizations so attractive to researchers. What can we learn from them?

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2. When Active Assailant Situations Become Known-Unknowns

Not long ago, most Americans regarded active assailant incidents as black swan events, unpredictable and largely indefensible. However, with the increasing frequency of these events, the time is at hand when venue owners, employers, and operators of gathering places need to evaluate and mitigate the risk of these incidents, or potentially face legal consequences. And the number and type of venues at risk may increase.

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3. Test Your Fraud Knowledge

In case you’re thinking fraud is not an issue in your organization, you should know that extrapolating from actual fraud cases examined in 2016 and reported to ACFE, organizations worldwide lose 5% of topline revenue to fraud. Virtually every type of organization from business, government to non-profit sectors is vulnerable to fraud.

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4. Slideshow: What Makes a High Reliability Organization?

High reliability organizations (HROs) operate within challenging conditions. Think of air traffic control, aircraft carriers, and nuclear power plants for clear examples of such conditions. Mistakes in these settings often have catastrophic consequences. Yet they seldom fail.

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5. 7 Ways to Test the Reliability of Your Organization

If you are a manager in an organization, especially one that faces a complex, dynamic environment, you should be interested in learning how the principles of the High Reliability Organization (HRO) can help you. Your aim should be to develop an organization that moves continuously toward greater reliability of critical outcomes, using every failure as an opportunity for improvement.

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6. 18 Fraud Facts to Drive Your 2018 Fraud Prevention Plan

When it comes time to review your fraud risk management and prevention plan, it pays to have some hard statistics in front of you. This slideshow features 18 facts straight from the ACFE’s bi-annual Report to the Nations on Occupational Fraud and Abuse. The report can help you understand and respond to the threat of organizational fraud in your company, and the facts presented can serve as benchmarks for your organization while helping to uncover areas you may have failed to address.

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7. 3 Key Components of an Effective Healthcare Security Program

We make many assumptions about our healthcare. We assume our doctors and nurses are well trained and know what they are doing. We assume that the ER is open when we need it and the facility where we receive care is clean as well as safe and secure. While legitimate expectations, they are not always the case. When it comes to healthcare security, having an effective program requires planning, training and consistent implementation. Our latest whitepaper, 3 Key Components of an Effective Healthcare Security Program, walks through the most critical aspects of healthcare security and introduces some ways to ensure your program delivers.

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We look forward to continuing to deliver valuable content you can use to better protect your people, brands, and profits in 2018 and beyond. Happy new year!

 

  Category: Risk Management
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5 Methods to Manage Today’s Healthcare Security Environment [SlideShare]

By Lowers & Associates,

Healthcare security professionals today are directly impacted by the reality of a rapidly changing environment. The security function, as with many others, is being asked to do more with less, while addressing a frightening range of new and increasing threats.

How can you more effectively manage today’s healthcare security environment? Our latest SlideShare presentation outlines five methods: … Continue reading

What the Future Holds for the Healthcare Security Practitioner [SlideShare]

By Lowers & Associates,

The healthcare security practitioner is confronted by an alarming level of violence from a wide range of threats. Many people do not understand that healthcare and social service workers are victims of violent attacks at many times the rate of other private sector workers. OSHA bulletin 3148-06R reports some Bureau of Labor Statistics (BLS) on the issue:

  • Between 2011 and 2013, workplace assaults ranged from 23,540 to 25,630 annually.
  • 70% to 74% of these assaults occurred in healthcare and social service settings.
  • For healthcare workers, assaults were 10-11% of injuries causing days off work, compared with just 3% of injuries to all private sector employees.

… Continue reading

  Category: Healthcare Security
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How Your Healthcare Security Program Can Benefit from a Third Party Perspective

By Lowers & Associates,

An effective and successful healthcare security program requires many different layers of support. Aside from program design, management, and daily staffing, there is also a strategic risk management layer to ensure your program’s direction addresses the most important security risks facing your organization.

With limited resources already stretched, many hospitals and healthcare institutions find value in having an external perspective, particularly when it comes to the functions demanding high levels of expertise and specialization. A fresh outlook can uncover hidden flaws in your program that otherwise may only be discovered in hindsight after a costly loss. Inviting a third party to help with a risk assessment, an audit, and/or various program implementations can create savings and allow you to focus in key areas so the entire program can remain healthy. … Continue reading

How Perception Impacts the Quality of Your Healthcare Security Efforts

By Lowers & Associates,

We’ve all heard the age-old expression: “perception is everything”, or maybe even more dramatically, “perception is reality”, the latter attributed to political consultant Lee Atwater.

The way a program or organization is perceived by its customers, employees, and even the public at large triggers an emotional response that determines how people engage with it. Ultimately, these perceptions can influence the success (or failure) of that program or organization over time.

If the perception is one of trust and value, customers interact favorably (even generously) with engagement, with their dollars, and with word of mouth referrals. If perception is negative, the impact can be devastating. For as much as someone may respond generously after a positive experience, people are even more likely (up to 50%) to respond negatively and even give negative feedback when they have a bad experience.[1]

… Continue reading