What is the primary goal of a comprehensive program of Insurance Risk Management?

The primary goal of a comprehensive program of Insurance Risk Management is to identify, evaluate, and take corrective action against risks. This entails a systematic approach to identifying potential risks that could affect the organization, including financial, legal, and operational risks. Once risks are identified, the program focuses on evaluating the likelihood and impact of these risks, allowing organizations to prioritize which risks require immediate attention or mitigation strategies.

By implementing corrective actions, such as risk avoidance, risk reduction, or risk transfer, organizations can effectively manage potential issues before they escalate into larger problems. This proactive approach is fundamental in protecting both the organization and its clients, ultimately leading to enhanced patient safety and organizational stability. The goal is not only to safeguard against financial losses but also to promote a culture of safety and quality patient care within the healthcare environment.

Other options reflect goals that would contradict the principles of risk management. For instance, increasing healthcare costs or minimizing patient satisfaction directly undermines the core mission of healthcare providers, which is to deliver quality care and services. Promoting unhealthy behaviors is not aligned with the objectives of risk management, which seeks to enhance overall health outcomes and ensure a safe environment for patients.