Th e LNC’s Role in Healthcare Risk Management ..................................................... Dolly M. Curley, RN, BS, BSN, DABFN, LNCC and Sharon Whidden, MSN, RN, LNCC

Contents Objectives ............................................................................................................................... 130 Introduction ............................................................................................................................ 130 Principles of Risk Management ................................................................................................132 Risk Identifi cation ....................................................................................................................132 Creating a Proactive Risk Management Plan ............................................................................133 Implementing the Risk Plan .....................................................................................................133 Evaluating the Eff ectiveness of the Risk Management Process.................................................. 134 Practicing Proactive Risk Management .................................................................................... 134 Th e Role of the LNC in Risk Management ..............................................................................135 Loss Prevention ........................................................................................................................135 Loss Control............................................................................................................................ 136 Risk Avoidance ........................................................................................................................ 136 Risk Transfer ........................................................................................................................... 136 Purchase of Insurance .............................................................................................................. 136 Contractual Transfer ................................................................................................................ 136 Segregation of Risk Exposures ..................................................................................................137 Risk Retention .........................................................................................................................137 Claims Management ................................................................................................................137