CPHRM CPHRM Enterprise Risk Management 3

Question 1

Which of the following is a primary benefit of integrating ERM with a healthcare organization's strategic planning process?

Accepted Answer

It ensures risk considerations are embedded in decision-making from the start

Answer

Integrating ERM with strategic planning ensures that risk awareness informs every major organizational decision, reducing blind spots.

Question 2

A healthcare organization's ERM committee wants to assess its 'risk culture.' Which indicator best reflects a strong risk culture?

Accepted Answer

Staff freely report near misses without fear of punishment

Answer

A strong risk culture is characterized by psychological safety that encourages staff to report concerns and near misses without fear of retaliation.

Question 3

Which of the following risk categories is unique to healthcare and typically addressed within a hospital's ERM framework?

Accepted Answer

Clinical/patient care risk

Answer

Clinical/patient care risk is a risk category specific to healthcare that encompasses harm to patients from medical errors, infections, and care delivery failures.

Question 4

When conducting an ERM risk assessment, 'inherent risk' is best defined as:

Accepted Answer

Risk present before any controls or mitigation are in place

Answer

Inherent risk is the exposure level that exists naturally before any risk controls or mitigation actions are applied.

Question 5

Which role is typically responsible for day-to-day ERM program coordination in a large US health system?

Accepted Answer

Chief Risk Officer or VP of Risk Management

Answer

The Chief Risk Officer or VP of Risk Management typically coordinates the ERM program, reporting key risks to the board and executive leadership.

CPHRM Exam Practice Test

CPHRM Exam Practice Test

CPHRM CPHRM Enterprise Risk Management 3