Healthcare in the 1990s is all about managing risk, as financing shifts away from fee-for-service medicine to a capitated model.
Such a mindset is nothing new to at least one hospital department. Risk management has a long tradition of coping with resource management, statistical analysis and accountability-based performance standards.
Learning more about risk management and successful programs that providers have implemented is why MODERN HEALTHCARE has joined forces with MMI Companies to sponsor the annual Risk Management Awards. In addition to honoring hospital programs, this year's competition will add managed care and medical group practice categories.
B. Frederick Becker, president of the Deerfield, Ill.-based healthcare risk management company, notes that as healthcare reform speeds the creation of integrated delivery systems, the role of the risk manager will become more complex.
Entries will be judged on the program's impact on the organization, its use of resources and its integration across organizational lines. Each of the three institutional winners will receive a $3,000 prize, while the individual honorees will receive $2,000.
For information on how to enter the 1994 competition, call Elaine McCormack at 708-374-2320.