Tag: Operational risk

According to the Institute of Internal Auditors (IIA), the three lines of defense model helps organizations structure their risk management and governance, and central to this framework is understanding what is a second line role. This function provides specialized support and monitoring to ensure risk-related matters are effectively addressed, strengthening overall patient safety and organizational integrity.

According to risk management experts, nearly all organizational threats can be categorized into four primary groups. Understanding **what are the 4 classifications of risk?** is the first step toward building a resilient system, whether for a large corporation or your personal health decisions.

According to the World Health Organization, around 1 in 10 patients is harmed in healthcare, with medication errors and infections among the most frequent incidents. So, **what is an example of a risk in healthcare**? One clear example is a medication error, where a patient receives the wrong drug or dosage, potentially leading to serious complications.

According to the World Health Organization, millions of deaths annually are attributed to modifiable risk factors like high blood pressure and alcohol use, confirming that risk isn't just a financial or corporate concern. Understanding **what are the 9 types of risk** can help you better navigate life's challenges, from your financial stability to your physical and mental well-being.