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Imagine yourself in the role of a risk manager. Select a topic related to risk financing and identify a risk financing issue. This issue may be from a selected organization or from your workplace. As an example, you might select the issue of financing potential malpractice suits at a medical clinic. Refer to the resources provided for this assessment to ensure that you have a solid understanding of the financial dynamics related to this type of issue.
Memo – Risk Financing Issue
Create a 2– 3-page internal memo. Follow the steps below and include them in the memo:
Concisely describe the issue and the organization.
Summarize the legal and ethical financial risk obligations of an ACO.
Describe how you would identify and manage risk financing issues within this organization. Support your choice of strategies with relevant resources.
Recommend two or three of the best options for risk financing for this issue, as it relates to the organization in question.
Include at least three APA-formatted in-text citations and accompanying congruent APA-formatted references. Your sources can be a course textbook, assigned reading, or any other scholarly source.
Written communication: Written communication should be free from errors that detract from the overall message.
Memo format: Format your memo so that it reflects the professional standards of your organization or accepted standards of a professional memo in the industry.
Length of paper: 2–3 double-spaced pages for the written portion of the assessment.
Number of resources: A minimum of three resources.
Font and font size: Times New Roman, 12 point.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
Competency 2: Apply a risk-management model or framework to a specific risk-management priority.
Identify key performance indicators and measures associated with a specific risk-management issue.
Discuss strategies used to identify risk financing issues in a selected organization.
Provide recommendations for risk financing options related to an identified financial risk issue.
Competency 4: Analyze applicable legal and ethical institution-based values as they relate to quality assessment.
Summarize the legal and ethical financial risk obligations of an accountable care organization.
Competency 5: Communicate in a manner that is scholarly, professional, and consistent with expectations for professionals in health care administration.
Prepare a professional memo summarizing a risk financing issue for a specified organization.
****PLEASE USE THE TEMPLETE PROVIDED*****
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