What is the purpose of a risk management plan?

The purpose of a risk management plan is to outline strategies to prevent and respond to risks. This plan serves as a proactive approach to identifying potential risks that could adversely affect the organization, including patient safety, financial stability, and regulatory compliance. By anticipating these risks and developing clear strategies, the institution can mitigate their impact and ensure that it is prepared to respond effectively should any adverse events occur.

A comprehensive risk management plan typically includes risk assessment processes, the establishment of safety protocols, staff training, and regular review procedures to adapt to any new threats. This makes option B the most accurate representation of the primary goal of a risk management plan, distinguishing it from aspects unrelated to risk mitigation, such as employee turnover, insurance claims monitoring, and marketing strategies, which serve different purposes within the healthcare institution.