Entity name: Bicol Medical Center

Nature of Business: A large public hospital that can provide a wide range of specialized medical services. In the Philippines, a tertiary hospital is the highest level
of medical care available.

Effect in Management
No Risk Identified Assessment
objectives Risk
Control Activity
Response
Combined
Likelihood Impact
Rating

Preventive Control:
-Regular Equipment Maintenance and
Replacement Schedule
Insufficient Medical -Inventory Management and Forecasting
equipment and resources Detective Control:
that can compromise patient -Real-Time Monitoring and Alert Systems
care quality, leading to -Patient Outcome Monitoring
Operational and High -
1 delays in treatment, 4 3 12 Corrective Control:
Strategic Objectives Reduce
misdiagnoses, or inadequate -Establish protocols and procedures for
response to emergencies, immediate access to backup or redundant
increasing the risk of equipment in case of failures or shortages.
adverse health outcomes. -Conduct thorough root cause analyses to
identify the underlying reasons for equipment
shortages or failures that compromise patient
care quality.

Lack of transparency and
inadequate documentation
during the COVID-19
pandemic that may result in
2 1
non-compliance with
regulations or guidelines,
leading to legal or regulatory
liabilities.
Detective Control:
-Conduct regular audits of documentation
practices and records to identify any
instances of non-compliance with regulations
or guidelines.
-Implement a whistleblower hotline or
reporting mechanism where staff can
anonymously report any concerns or
instances of non-compliance with
Compliance and Moderate -
4 4 documentation requirements.
Reporting Objectives Reduce
Corrective Control:
-Develop and implement a documentation
remediation plan to address any identified
deficiencies or gaps in documentation.
-In cases where non-compliance with
regulations or guidelines has occurred, work
closely with legal counsel and regulatory
authorities to assess the extent of the issue
and develop a remediation plan.

Failure to invest in research
and development initiatives
3 to anticipate future
healthcare trends and
technologies.
Preventive Control:
-Develop a comprehensive strategic
investment plan that allocates resources
specifically for research and development
(R&D) initiatives aimed at anticipating future
healthcare trends and technologies.
-Foster collaboration between R&D teams,
clinicians, administrators, and other
stakeholders to identify emerging healthcare
trends and technology needs.
Detective Control:
-Conduct regular trend analysis and
benchmarking exercises to assess the
organization's performance and position
relative to competitors and industry peers in
High -
Strategic Objective 2 4 8 terms of R&D investment and innovation.
Reduce
-Monitor industry publications, scientific
journals, market reports, and other sources of
information to stay abreast of emerging
healthcare trends, technological
advancements, and competitive
developments.
Corrective Control:
-Foster an organizational culture that values
innovation and continuous improvement in
R&D processes. Implement initiatives such as
innovation challenges, idea incubators, and
cross-functional R&D teams to encourage
creativity, collaboration, and agility in
responding to changing healthcare
landscapes.
 Preventive Control:
-Workforce Planning and Recruitment
Strategy
Hindering efficiency in labor -Staff Retention Programs
workforce due to some Detective Control:
shortage in medical -Regularly monitor staffing levels relative to
employees, for the reason patient census and workload to identify any
that, having so many instances of understaffing or overburdening.
patients which is not - Establish channels for employees to provide
proportionate on how many feedback on workload, staffing adequacy,
Operational and Extreme -
4 health workers are there in 5 5 25 and operational challenges.
Strategic Objectives Avoid
BMC could affect it's Corrective Control:
operation. Having a negative -In response to workforce shortages,
impact towards the hospital implement temporary staffing solutions such
in the long-run which could as hiring locum tenens, utilizing per diem
lose patients because of the staff, or outsourcing certain services to
lack of manpower to external providers.
accommodate them. -Invest in training programs to enhance the
skills and competencies of existing staff and
facilitate cross-training across different
departments or roles.
 Preventive Control:
-Infection Control Protocols
-Medication Safety Practices
-Safe Patient Handling and Mobility Programs
Exposure to infections, Detective Control:
medication errors, injuries -Incident Reporting and Monitoring Systems
during procedures, and Extreme - -Conduct surveillance and monitoring
5 Operational Objective 4 4 16
accidents due to slips, falls, Reduce activities to detect signs of infections,
or improper handling of medication errors, or safety hazards.
equipment. Corrective Control:
-Conduct thorough root cause analyses
following incidents or near misses to identify
underlying factors contributing to infections,
medication errors, injuries, or accidents.

GROUP 2 MEMBERS:

Betic, Ira Bea

Carpila, Erica Mae
Castro, Bridgete
Corsega, Krista Anne Pamela
Cortez, Fatima
Regondola, Angela