What is the significance of "informed consent" in risk management?

Informed consent plays a critical role in risk management by enhancing patient autonomy and establishing transparency in the patient-provider relationship. When patients are given clear, comprehensive information about the proposed treatments, including potential risks, benefits, and alternatives, they are empowered to make knowledgeable decisions regarding their healthcare. This process acknowledges the patient's right to understand and choose their treatment path, thereby fostering respect for patient autonomy.

Furthermore, by obtaining informed consent, healthcare providers mitigate legal liability. In situations where a patient experiences an adverse outcome, the fact that informed consent was obtained can provide legal protection for healthcare providers, demonstrating that the patient was fully apprised of the risks before undergoing a procedure or treatment. This proactive approach helps to establish trust between patients and providers, ultimately reducing the likelihood of disputes and claims.