Taking ERM to the Next Stage

It is time to retool and refocus Enterprise Risk Management (ERM) towards risk-reward optimization. For many health care providers, initial ERM efforts concentrated on identifying and assessing downside operational and business risks. However, ERM’s true value-added benefits are realized when risk information is integrated with business decisions to enable management to protect and enhance organizational value in the face of risks and uncertainties. For leading organizations this is the next phase of ERM development.