Although it is technically acceptable for the health center to combine the Quarter 4 (Q4) Risk Management Report and the Annual Risk Management report into the same document, the health center must ensure the combined report fulfills the expectations and requirements of both reports. Additionally, the health center should consider the following, to ensure effectiveness and compliance:
Industry standard best practices demonstrate high performing health centers provide a separate Q4 Risk Management Report and an Annual Risk Management Report. By consolidating the two reports, the health center has the ability to minimize duplicated efforts, improve the clarity of reporting, and present a comprehensive view of risk management activities over the year; however, the health center must ensure that all regulatory requirements are met, stakeholder expectations are addressed, and the individual purposes of reports are preserved within the collective document.
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