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.
Are You Ready to Move from Fear-Free to Blame-Free Healthcare Incident Reporting?
It’s no secret that incident reports are a great means of improving patient safety. And the more incident reports, the better. After all, you can only learn from the mistakes that you know about. The biggest barrier to reporting incidents is usually fear – fear that the person reporting the incident will be held accountable and their performance record will [...]
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Too often companies get stuck “making do” with spreadsheets and other outdated tools because, well, that’s the way it’s always been done.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 [...]
Why Insurance Data Governance Should Be Your Priority
The insurance industry uses data analytics to support its critical business decisions –i.e. whether to provide an organization coverage, what types of coverage to underwrite, and what level of premiums to set. All [...]
How to Knock Your Claims Software Implementation Out of the Park
Your claims administration software contract has been finalized and signed. Now what? How do you go from looking at claims administration software vendors for the past six months to actually using claims administration software [...]
Harnessing Risk Management
Download a copy of our whitepaper: Harnessing Risk Management. An exploration of the latest thinking around business risk, addressing specific issues faced by financial services firms, such as the high degree of regulatory [...]
6 Tips for Performing a Successful Root Cause Analysis
Root Cause Analysis (RCA) gets to the bottom of an issue so that action can be taken to fix it permanently. By systematically peeling away layers of causes and effects, RCA identifies breakdowns in [...]
How to Apply Lean Principles to Root Out Waste in Your Claims Process
Incorrectly coded claims, paper forms, missing claim information, and physically walking files over to another department all add time and effort to the claims process. What’s not added is value. A few seconds here, [...]
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