Risk Financing Issue Technology Systems Failure

Technology systems failure is a very sensitive issue in any healthcare facility and it should be handled carefully. Risk financing would help to prevent cases of delays in service delivery, prevent possible deaths, prevent losses, and also ensure that these systems are effective all year round. Medihill Healthcare Centre has incorporated the current electronic health records (EHR) systems as part of the effort to improve the effectiveness and efficiency of service delivery. The introduction of EHR systems in hospitals has advanced their competitiveness over the years (Becker’s Hospital Review, 2012). Incorporation of EHR systems ensures that the facility conforms to the provisions of Accountable Care Organizations (ACOs) requirements. ACOs strive to achieve cordial relationship with the physicians in order to avoid tensions and barriers which affect the healthcare services.

On the other hand, the leadership of the ACOs has great role in shaping the behavior of the organizations especially with the changing health and healthcare environment (DeCamp, 2013). It is also a legal requirement for the ACOs to have a leadership structure that promotes the principles of the ACOs. Identifying and managing risks within the organization requires the management to carry out several roles. The process should categorize the risks in terms of impact and the likelihood of the risk (Jisc, 2012). Testing the EHR system would allow the user to identify any defects that would require rectification. Moreover, the process would allow the risk manager to record any issues that would require future attention within the system. Frequent maintenance of the EHR system would help to reduce cases of breakdown of the system (Ronan, 2015).