How to Move Your Practice Forward as a Researcher

 
 

Running a medical practice is hard work. You’ve seen, on a daily basis, just how tough it can get - especially for your team. 

If you are an Analyser Leader <link> then you know the importance of crossing the T’s and dotting the I’s and you are diligent about it.

Your attention to detail is an undeniable strength and your ability to ensure quality and accuracy has brought you to success as a business owner. These qualities, however, can cause complacency and indecisiveness and more than likely cause you to run away from taking risks.

Not all Risks are Created Equal but There is Always Something You can do

There is a lot that can be learned from risk-takers. There are those that take the right risks and thrive and those who take the wrong risks and well - you can piece together the rest of that story.

You are not particularly comfortable with risk and that could potentially lead your practice into stagnation. No growth, because you would prefer to play it safe.

It is possible to overcome this fear and it’s actually a crucial part of running a successful medical practice - it’s risk management.

What is Risk Management?

Risk management is defined as the culture, processes and structures that are directed towards realising potential opportunities while managing adverse effects.

 

Why Do I Need Risk Management?

 As a practice owner and as an Analyser Leader, you know there is a myriad of possible risks that your staff will face today that are unlike any in the past. Risks that were unheard of twenty years ago are now amongst the most common causes of claims in the medico-legal environment.

The benefits of risk management are:

  •  Increased patient satisfaction;

  • Improved patient and business/practice outcomes;

  • Improved practitioner and staff satisfaction and retention;

  • Improved organisation and time management;

  • Improved standards of accountability;

  • Improved practice reputation;

  • More economic and efficient practice;

  • Reduction in complaints and adverse events;

  • Greater enjoyment of the medical practice.

Risk management within your practice will give you peace of mind that you are less likely to face a situation of confrontation and therefore help you grow your practice as you set out to do, without any looming fears holding you and your practice team back.

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