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Article: Liability-driven investing an enterprise risk management strategy: learn more about how your organization's liabilities can figure into an effective risk management strategy.(FEATURE STORY)
- Article from:
- Healthcare Financial Management
- Article date:
- August 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Healthcare Financial Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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To best navigate the bumps and turns in the healthcare road, the savvy hospital financial executive should understand risks at all levels of the organization and how they may potentially interact. Yet many facilities wear blinders when they address risk, focusing on only one area at a time, when a global view is necessary to truly understand the impact of various actions--or reactions.
Historically, risk management at the global level involved an aggregation of disparate risks, with management classifying and quantifying risks in separate silos. These silos typically made up six risk sectors: financial, human capital, technology, operational, legal and ...