What is a Certified Professional in Healthcare Risk Management?
Certified Healthcare Risk Management specialists can be employed by hospitals or other health service centers interested in meeting their goal of reliability. These professionals may not be limited to healthcare facilities, though.
Health regulation authorities and the National Government may also require risk management professionals to investigate claims of medical error and ensure medical facilities are providing reliable services to their patients. If you might be interested in being a part of this fascinating field, you should consider what steps you need to take to achieve this position.
Our team of educational experts has been reviewing educational programs and careers for over a decade. They have created this guide in order to assist you with learning about this career field and the educational steps needed to take part in it. Read more below!
What is Involved in Becoming a Certified Professional in Healthcare Risk Management?
If you wish to do your best and contribute a lot to the healthcare field, you should have a great understanding of this field and how it operates. Some students choose to pursue Bachelor’s or Master’s programs in Healthcare Administration as a means for learning more about this field, before ever pursuing their goals of becoming a certified healthcare risk management specialist.
The education students can receive in this educational program can assist them with learning more about the financial and leadership components of the healthcare field that can be so important in providing risk management services to their clients in the future.
With a background in healthcare administration, students can be knowledgeable about healthcare and the policies and regulations that surround it. If professionals then choose to move forward into risk management careers, they may need additional certification in order to achieve this goal.
Certification programs in Healthcare Risk Management can come in the form of certificate programs that can accompany a bachelor’s or master’s degree in the field. These certification programs can provide focus on the analysis of risk within different types of healthcare agencies, as well as a look into the risk management process and planning.
Certificate programs throughout the U.S. can provide students with the knowledge needed to provide great services to their clients. Some of the topics included within these certificate programs may include a deep look into the stated laws regarding healthcare practice, patient and physician law and ethics within pharmaceuticals and drug development.
Depending on which university you plan to attend for your certificate program, the amount of time it takes to complete it may vary. One university offering this certificate program states that the entire certificate program can take around 18 months to complete and requires students to finish 14 credit hours in order to sit for the examination.
Completion of the required certificate program should be followed by completion of a certification exam for healthcare risk management professionals. This examination can test students on information learned through engagement with healthcare-related degree programs, as well as information regarding state and national laws during their certificate program.
Once you have successfully completed this examination, you can be certified as a healthcare risk management professional within your state. As part of continuing education, certificants in this field may also be required to engage in continuing coursework and renewal certifications over the course of their career.
CPHRM Programs to Consider
If you are a currently healthcare professional or a new graduate from a healthcare-related degree program, a Certificate program in Healthcare Risk Management can be a great way to extend your knowledge of the healthcare field and assist in providing great healthcare services to the public.
This type of certification program can be found at universities, alongside bachelor’s or master’s programs, or even in standalone programs at varying universities. In order to provide you with more information, our team has chosen a program to spotlight that may have all of the components required to advance within this professional field.
The University of South Florida has created a diverse and innovative online certificate program for students interested in making healthcare agencies more efficient and risk-free. This certificate program is currently approved by the Agency for Health Care Administration and consists of 120 of course time in order to receive certification.
Healthcare professionals and students from all realms may be accepted into this program, which includes 13 unites of instruction. Topics may include general risk management practices in healthcare management, federal safety laws and malpractice considerations such as insurance and litigation. The cost of the entire certificate program is currently $799.
Example CPHRM Courses
When you make the decision to move forward and receive certification within this field, you may be interested to first know what type of information you can gain through doing so. There are multiple certification programs available all over the country that can provide you with further education into the law and ethics surrounding the healthcare field.
The courses you can be involved with may provide you with diverse topics concerning the healthcare field, as well as some ideas to use during the planning and implementation of risk management programs. Our team of educational experts has reviewed some certificate programs and provided you with some example courses below to review.
As a professional in the field of healthcare, it may be important to be aware of the prevalence of incidents. In addition to being aware of this factor, professionals should also be familiar with the methods for reporting such incidences to the right department in order to meet all regulatory standards for healthcare facilities. This course can help students gain a better knowledge of the incident reporting process, how to categorize different types of incidents, timeframes for reporting and choosing the right department for reporting.
Clinical Risk Management
This course can introduce students to the various types of risks present within the clinical environment. In such a fast-paced area of the healthcare field, it may be vital for professionals to analyze their current environment and make changes that can prevent error and injury. Students enrolled can learn techniques for organizing their environment and assessing the current state of clients in order to be better prepared to provide high quality care. This course may also help students better comprehend laws and regulations pertaining to clinical care of patients.
Hospital Quality Assurance Programs
The safety of patients and professionals in the healthcare setting should be a important aspect of healthcare service for all employees to consider. Throughout this course, students can learn more about the implementation of quality assurance programs, how to address change in current programs and addressing needs not currently met by ongoing quality assurance programs. This course seeks to provide better safety planning professionals and preventative thinkers that can assist in providing lessened risk in healthcare facilities.
What can I earn as a Certified Professional in Healthcare Risk Management?
The job of a CPHRM can be very diverse and include many different elements. In some positions, these professionals may actually be management professionals that acquire risk management as part of their career duties.
Depending on where you work and the types of responsibilities you have in that position, the amount of money you can earn may vary. In the section below, our team has provided national averages for careers within this field. Take a look through these options to see what the earning potential looks like for professionals that can provide this type of leadership and change to their organization.
- Medical and Health Services Managers: $98,350 on average per year (BLS).
- Occupational Health and Safety Specialists and Technicians: $67,720 on average per year (BLS).
- Management Analysts: $82,450 on average per year (BLS).
Potential Career Settings in Healthcare Risk Management
One of the larger employers of healthcare risk management specialists may be in hospitals all over the country. The fast-paced environment of hospitals may present a higher need of risk analysis, since so many people can be affected by the quality of care provided at these facilities. In this environment, professionals may work with doctors, nurses and administrative professionals to assess the current level of risk and implement programs to help reduce this measure. Professionals may work full-time for hospitals or work on an as-needed basis depending on the needs of the healthcare facility.
Specialty Healthcare Clinics
Patients that are seen by specialty clinics in the healthcare field can present a wide variety of potential risk factors depending on their needs. Healthcare risk management professionals can work with these clinics to determine what exactly these needs are, so that they can provide advice on how to improve the facility for the better. Minimizing the risk at these agencies can assist with providing great quality service to clients and maximize the treatment potential of the clinic being served. Professionals may work a risk management professionals for multiple locations or be employed by one facility at a time.
Regulatory agencies for healthcare are often concerned with providing investigative services in the event that a medical error has occurred, or preventative audits at varying times. Professionals employed by the U.S. Government may be responsible for providing regular checks of healthcare providers in order to ensure that proper safety protocol is followed regularly and that there are no risk factors apparent during these inspections. Working at the government level can also include the review and improvement of healthcare risk regulations, which can have an effect on current risk prevention strategies exercised in healthcare organizations all over the country.
State Health Departments
In communities all over the country, health departments can provide affordable preventative care to residents in need. These organizations may require risk management services in order to ensure that patients receive the best quality of care available to them. Professionals working in this area of healthcare may be required to conduct assessments of the needs of the community, ensure that the health department contains all of the necessary services for these members of the community and re-check risk factors regularly. If you decide to work in this area, you may be responsible for providing risk management services to multiple locations throughout your state.
A lot of healthcare risk management specialists may choose to work full-time positions with hospitals or other healthcare agencies requiring their services. Some professionals within this field may choose a slightly different route for their career by engaging in private or contractual services in a private setting. This can include providing risk management services to healthcare agencies that request an inspection or analysis of their current setting. This method of risk management may be a great option in smaller cities that do not require constant oversight in risk management services.