Identify at least three different third party providers that may be used in a he
ID: 126235 • Letter: I
Question
Identify at least three different third party providers that may be used in a healthcare enterprise. Provide an overview of how an organization can manage third-party risk. Why do you feel it is necessary for a healthcare enterprise to have risk mitigation measures for third-party providers as part of their risk management strategy?Hint: Use the basic steps in managing third party risk in the power point! Identify at least three different third party providers that may be used in a healthcare enterprise. Provide an overview of how an organization can manage third-party risk. Why do you feel it is necessary for a healthcare enterprise to have risk mitigation measures for third-party providers as part of their risk management strategy?
Hint: Use the basic steps in managing third party risk in the power point! Identify at least three different third party providers that may be used in a healthcare enterprise. Provide an overview of how an organization can manage third-party risk. Why do you feel it is necessary for a healthcare enterprise to have risk mitigation measures for third-party providers as part of their risk management strategy?
Hint: Use the basic steps in managing third party risk in the power point!
Explanation / Answer
List of different third-party providers in a healthcare enterprise:
In a third party insurance, an insurance provider/company bears and pay the cost of health care of an insured person. It may be:
Managing third-party risk:
Risk identification:
Risk impact assessment:
Third-party profile: Collect the details of the most important third-party insurance agents like contact no, areas served, facilities covered.
Assessment of risk: Assess the financial stability of third parties and the amount of payment which can be received for a specific care rendered. [e.g. the package cost provided by a private insurance for total hip replacement surgery]
Auditing:
Risk mitigation measures should be adopted by the healthcare systems for: