In healthcare, what does the term “risk” commonly refer to?

In healthcare, the term "risk" primarily refers to the possibility of loss or injury related to patient care standards. This encompasses a wide range of potential adverse outcomes, including medical errors, complications from treatments, and negative patient experiences. Understanding risk is essential in healthcare as it directly impacts patient safety and the quality of care provided.

Effective risk management strategies aim to identify, assess, and mitigate these threats to ensure that patient care is delivered safely and effectively. By prioritizing risk management, healthcare organizations enhance their ability to provide a high standard of care, protect patient rights, and maintain compliance with legal and regulatory standards. This focus on risk not only helps in safeguarding patients but also plays a crucial role in improving the overall operational functioning of the healthcare facility.