Course Description
Financial risk management in healthcare including enterprise risk management, insurance programs, malpractice liability, and alternative risk financing. Covers risk identification, assessment, mitigation, and financing strategies for healthcare organizations.
Credit Hours
3 credits (3 lecture)
Prerequisites
MBA core courses
Student Learning Outcomes
- Develop enterprise risk management frameworks for healthcare organizations
- Assess and quantify financial, operational, and clinical risks
- Design insurance programs: property, liability, cyber
- Evaluate alternative risk financing: captives, self-insurance
- Manage medical malpractice risk and liability programs
- Integrate risk management with patient safety initiatives
Course Topics
- Enterprise Risk Management: COSO, ISO 31000
- Risk Assessment: Identification, Analysis, Prioritization
- Healthcare Insurance Markets and Programs
- Medical Malpractice: Claims, Coverage, Defense
- Alternative Risk Financing: Captives, Self-Insurance, Pools
- Cyber Risk and Data Breach Insurance
- Business Continuity and Disaster Recovery
- Risk Governance and Board Oversight
Required Textbooks
- ASHRM: Risk Management Handbook (6th ed.)
- Kavaler: Risk Management in Healthcare Institutions
Evaluation Methods
Risk Assessment Project (35%), Case Studies (30%), Exams (25%), Participation (10%)