Emerging Risk

Emerging Risk

In this episode of The Risky Health Care Business Podcast, Scott Nelson discusses the concept of emerging risk within the health care industry—risks that are new, evolving, or not fully understood. Emerging risks differ from legacy (or traditional) risks, as they are less known, less predictable, and often require new and innovative strategies for management. The episode emphasizes the importance of proactive risk assessment, scenario planning, and fostering a culture of resilience and adaptability to effectively manage emerging risks. Copyright 2024 SpringParker

Supply Chain, Natural Disasters, Human Events, and Risk

In this episode of The Risky Health Care Business Podcast, Scott Nelson discusses the fragility of the U.S. health care supply chain, which plays a vital role in ensuring timely, efficient, and quality care and performance across the dental, medical, and veterinary sectors. The US health care system and supply chains were tested and vulnerabilities exposed during the COVID-19 pandemic.  Hurricane Helene and the dockworker strike are another test showing what was learned from the COVID-19 pandemic. Copyright 2024 SpringParker

Paul Clark, PhD, Health Care Labor & Employment Relations Professor and Researcher

What he does:  Dr. Clark is a Professor of Labor and Employment Relations at Penn State University where he regularly teaches undergraduate and graduate courses on employment relations.  His research has focused on employment relations in U.S. healthcare, with interests including unions, union organizing, collective bargaining, labor-management partnerships, and labor-management relations in healthcare. His research has appeared in the leading scholarly journals in industrial and labor relations, applied psychology, and international labor issues. He is the author or editor of six books about unions and collective bargaining; and has worked on training programs and research projects for over fifty national unions, and many local and regional unions. On risk: "Workers don't bring in a union to wreak havoc and make a hospital or a clinic work less well. They want to have a greater voice in how care is delivered. Administrators have a tough time with that, because they've largely been taught that they're in charge. They're the ones that make decisions, but by giving up a little bit of that control, there really can be great benefits … Management still has to decide, or gets to decide, what its positions will be in bargaining.  If they don't come to agreement, however, then unions do have the right to strike.  A strike is a pretty traumatic thing, and that's part of the collective bargaining process that doesn't exist when unions aren't present in a workplace … Collaboration on a large scale can work.  There are other smaller hospitals and smaller medical centers I've worked with, and we do see really, really positive results from that, because workers see their role as not just doing what they're told, but always looking at how they can make the workplace better. And they know that if they see something that can be improved on, there are mechanisms to talk about what's going right, what isn't, what ideas do people have, and then there's a mechanism where they work together as equals to try to decide whether to implement things, and then they measure them afterwards to see if they've had positive results."

HHS Headlines: What's New, Noteworthy, and Risky

Highlights of recent headlines from the U.S. Department of Health and Human Services (HHS) and their potential risk considerations Copyright 2024 SpringParker

Nadeem Kazi, MD, President of Arizona Medical Association and Practicing Gastroenterologist and Independent Private Practice Founder-Owner

What he does: Dr. Kazi is the President of the Arizona Medical Association.  Dr. Kazi is also a practicing gastroenterologist and independent, private practice founder-owner in Casa Grande, Arizona.  In his role as President of the Arizona Medical Association, Dr. Kazi works with local, state, and federal government officials as well as local, state, and national organizations on various issues that impact independent physicians. On risk: "Number one issue is the lack of providers, physicians, nurses, paramedical staff throughout the country, and we are behind, especially in the rural area. We don't have specialists, we don't have even primary care. And the biggest problem that I am seeing is the lack of private practices.  Private practice is dying away. So that's a big risk that I see lack of provider and private practice slowly, gradually diminishing in the whole country … Lack of patient physician relationship and that's a big risk that I see in medical practice these days. If you don't have a relationship with patient, it's very difficult to manage chronic disease … If something negative outcome is there, what happened, you have to take a proper, appropriate action for that negative outcome. Negative outcome is always there in medical practice, but it's how you approach them, how you solve them, how you resolve them that's the key."