Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A doctors' practice, with six doctors and two practice nurses, has decided to increase its income by providing day surgery facilities. The existing building would

A doctors' practice, with six doctors and two practice nurses, has decided to increase its income by providing day surgery facilities. The existing building would be extended to provide room for the surgical unit and storage facilities for equipment and drugs. The aim is to offer patients the opportunity to have minor surgical procedures conducted by a doctor at their local practice, thus avoiding any unfamiliarity and possible delays to treatment that might result from referral to a hospital. Blood and samples taken during the surgery will be sent away to the local hospital for testing, but the patient will get the results from their doctor at the practice. It is anticipated that the introduction of the day surgery facility will increase practice income by approximately 20 per cent.

Required :

A. Describe THREE (3) additional risks that the doctors' practice may expect to face because of the introduction of the new facility.

B. Recommend and explain how a risk control technique might be used to control each risk Identified in a (A.) above.

C. Explain the meaning of the term 'risk appetite' and discuss who should take responsibility for defining that appetite in the context of the scenario outlined above.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Handbook Of Mortgage Backed Securities

Authors: Frank Fabozzi

6th Edition

0071460748, 978-0071460743

More Books

Students also viewed these Finance questions

Question

What ethical dilemmas does this case pose? (D10)

Answered: 1 week ago

Question

Brief the importance of span of control and its concepts.

Answered: 1 week ago

Question

What is meant by decentralisation?

Answered: 1 week ago

Question

6. Explain the strengths of a dialectical approach.

Answered: 1 week ago