RISKONNECT BLOG
Welcome to Riskonnect, the place where risk and compliance professionals can find expert advice, practical tips, and useful information to do their jobs easier, faster, and and more effectively.
How to reduce diagnostic errors through patient engagement
As patients, we like to think diagnostic errors are rare, but the reality is they are fairly common. According to a recent Medscape poll, one in six physicians reported making diagnostic errors daily. Aside from the ongoing risk to patient health and safety, diagnostic errors also pose a considerable financial threat, with one study suggesting they cost the U.S. [...]
Why Managing Risk with Spreadsheets is Risky
The cost of spreadsheet errors ranges from embarrassing to catastrophic – from money lost to bruised reputations. Major financial services companies to top tier universities have suffered public damage because of spreadsheet errors. Something [...]
Establishing Healthcare Risk Analytics
Data can be daunting especially for risk managers and patient safety professionals who deal with vast amounts of data from many different systems. Add to that the complexities of consolidating data and then transforming [...]
Purchasing a RMIS? 4 Key Topics to Cover During Your Demo
Has your organization made the decision to purchase a Risk Management Information System (RMIS)? If so, you are probably in the process of narrowing down potential vendors. An important step in this process is [...]
Considerations for Your Claims Administration Software
You’ve made the decision to self-administer some or all of your insurance claims and now you need to decide on which claims administration software best meets your needs. But where do you start? [...]
5 Reasons Why 82% of Risk Managers Use a RMIS
Risk management exists to identify, mitigate and manage events that can threaten the operational viability of an organization. If Risk Managers do not have line of sight to their risks, they cannot manage them [...]
Claims Self-Administration: To Be Or Not To Be?
The decision to self-administer claims should not be made lightly nor quickly by any organization. Claims self-administration requires taking full control of the claims handling function in-house versus leveraging the stability and expertise of [...]
5 Best Software Tools for Managing Risk
Too often companies get stuck “making do” with spreadsheets and other outdated tools because, well, that’s the way it’s always been done. Having the right tool makes any job easier, and managing risk is [...]
The Key to Unlocking Strategic Intelligence in Your Risk Data
Traditional risk management reporting is a cumbersome, time-consuming process. Numbers are entered into a spreadsheet, those spreadsheets are combined with others from different sources, and – eventually – a report gets generated. Corresponding [...]
5 Ways a RMIS Can Help You Proactively Manage Your Insurance Program
Many Risk Managers regularly rely on their brokers or even their carriers to answer questions about their insurance program such as, “Do I have enough coverage for this new claim that came in?” or [...]
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