Health care organizations, from physician groups to large complex health systems, are operating in an environment of conflicting regulatory imperatives, shortages of critical staff, changing technology, and evolving business conditions. With limited resources, leaders and staff struggle to establish priorities among competing needs and to improve strategic planning, budgeting, and resource allocation. Enterprise Risk Management (ERM), a discipline adapted from the financial services industry, provides an analytical and philosophical framework for identifying, assessing, and strategically addressing risks and opportunities.

This Fourth Edition of Enterprise Risk Management for Health Care was entirely redesigned by members of the American Health Law Association and the American Society for Healthcare Risk Management to provide guidance for leaders and advisors of health care organizations at any point along the ERM journey. With the benefit of lessons from sound ERM programs in other industries, the authors closely focus on issues unique to health care organizations, examining applications of ERM in this challenging context, with consideration of legal implications present across the full range of health care risk domains.

This new edition is of value to health care risk professionals, attorneys, strategic planners, internal auditors, human resources and finance managers, and others, whether they drive change from within an organization or as outside advisors. This Fourth Edition of Enterprise Risk Management for Health Care serves as both primer and a comprehensive guide for a variety of audiences.