CPHRM Loss Prevention 2

Question 1

Which concept describes the systematic identification of potential loss-causing events before they occur?

Accepted Answer

Prospective risk identification

Answer

Prospective risk identification involves anticipating potential hazards and failures before an adverse event takes place.

Question 2

A hospital implements a 'no-lift' policy for patient transfers. This is an example of which loss prevention strategy?

Accepted Answer

Risk reduction

Answer

A no-lift policy reduces the frequency and severity of staff musculoskeletal injuries, making it a risk reduction strategy.

Question 3

Under the Joint Commission standards, which action is FIRST required after a sentinel event is identified?

Accepted Answer

Conduct a root cause analysis

Answer

The Joint Commission requires organizations to perform a root cause analysis to identify contributing system factors after a sentinel event.

Question 4

Which type of insurance covers a healthcare organization for claims arising from errors in professional medical services?

Accepted Answer

Professional liability insurance

Answer

Professional liability (malpractice) insurance covers claims resulting from errors or omissions in the delivery of professional healthcare services.

Question 5

A risk manager notices a pattern of falls in one unit after reviewing incident reports. What is the BEST next step?

Accepted Answer

Conduct a focused process improvement initiative for that unit

Answer

Aggregated incident data indicating a unit-specific pattern should trigger a focused process improvement to address contributing factors.

CPHRM Exam Practice Test