HCC Risk Management & Mitigation 3

Question 1

A hospital experiences a wrong-site surgery. Under Joint Commission standards, how is this event classified?

Accepted Answer

Sentinel event

Answer

Wrong-site surgery is a sentinel event, a patient safety event resulting in death or severe harm that requires immediate investigation.

Question 2

A consultant advising on HIPAA compliance identifies that laptops containing patient data are not encrypted. Which type of risk does this primarily represent?

Accepted Answer

Data security and privacy risk

Answer

Unencrypted devices with protected health information create a data breach risk under HIPAA's Security Rule.

Question 3

Which element is essential for a 'just culture' approach to risk management?

Accepted Answer

Distinguishing between human error, at-risk behavior, and reckless behavior

Answer

Just culture balances accountability by responding differently to inadvertent error, risky shortcuts, and conscious disregard for safety.

Question 4

A consultant calculates that a risk has a 10% annual probability and would cost $500,000 if it occurred. What is the annualized loss expectancy?

Accepted Answer

$50,000

Answer

Annualized loss expectancy equals probability times impact: 0.10 × $500,000 = $50,000.

Question 5

A hospital decides to discontinue its obstetrics service line entirely because of unsustainable liability exposure. Which risk strategy is this?

Accepted Answer

Risk avoidance

Answer

Eliminating the activity that creates the risk is risk avoidance.

(HCC) Healthcare Consultant Certification Practice Test

(HCC) Healthcare Consultant Certification Practice Test

HCC Risk Management & Mitigation 3