Enterprise Risk Management (ERM) provides a framework for achieving safe, reliable health care, and is a key ASHRM initiative in its mission to promote safe and trusted health care. The following resources have been developed to help you and your organization adopt and implement an ERM program at a hospital, clinic or any other health care facility.
ASHRM Enterprise Risk Management Playbook, Second Edition - Revised in 2021 for COSO Framework
Operationalize Enterprise Risk Management (ERM) for your organization, with concepts, strategies and tools for developing a new ERM program or understanding an existing program.
The ASHRM Enterprise Risk Management, Second Edition serves as a guide to identify opportunities and strategies to advance ERM practices throughout health care organizations and care delivery models. Developed in collaboration with subject matter experts from outside of the health care field, including noted financial ERM expert James Lam, this playbook covers the more advanced aspects of ERM. This playbook compliments the foundational concepts in ASHRM Health Care Risk Management Fundamentals and ASHRM educational offering. New to the Second Edition, this publication utilizes the COSO integrated framework of enterprise risk management, which is founded in strategy and leadership.
- Crosswalk of COSO Framework and ISO 31000 Guidelines
- Step-by-step guide on how to quantify your risk
- Sample ERM plan and job description
- Includes tools & other ERM resources
Downloadable Resources & Tools
Enterprise Risk Management: Implementing ERM
Health care organizations have made significant strides in developing Enterprise Risk Management (ERM) programs, but there is still much work to be done. To facilitate this process, ASHRM has adopted an ERM definition and an ERM Framework for use in health care. This framework is based on that developed by the Council of Sponsoring Organizations of the Treadway Commission (COSO) in 2017. This white paper will graphically display the Framework and describe key structural components necessary in any health care setting. Use this Framework to help build consistency in your efforts to move ERM forward.
Download White Paper
Enterprise Risk Management for Boards and Trustees: Leveraging the Value
Developed in collaboration with the American Hospital Association’s Center for Healthcare Governance, this reference explains the ERM approach, the framework, the benefits and value of ERM. It details the Board’s role in ERM and provides a case example.
Download Enterprise Risk Management for Boards and Trustees: Leveraging the Value
Enterprise Risk Management: Readiness Assessment Tool
The intent of this ERMRAQ tool is for you to gain information regarding the readiness of your Organization to implement ERM Practices or the maturity of ERM initiatives already initiated.
ERM Education Opportunities
The Enterprise Risk Management (ERM) Certificate Program provides an insightful road map to best practices while preparing healthcare risk management professionals to balance risks with rewards. This highly interactive program will prepare you to be a knowledgeable resource to senior leaders and the board, by developing an individualized ERM framework and action plan.