Reduce Risk in Senior Living Communities
Due to rapid change in senior care industry and the COVID-19 pandemic, liability insurance has increased significantly. Recent data show medical liability premiums increased in 2021 by the highest rate in 15 years.
Common Risks Include:
Medication Errors
37% of errors in senior living communities are medication-based errors, in part due to mistakes in documentation
Documentation mistakes or omissions due to paper-based, manual processes
Not staying up-to-date with laws and regulations
To Reduce Risk in Your Communities, you Must:
- Implement real-time documentation to ensure all data is captured
- 94% of providers report an electronic health record (EHR) makes records available at the point of care and 75% say it allows them to deliver better care
- Ensure processes and workflows are in line with regulation guidelines
- Enable quick and easy data access for surveyors or families
- Automate and streamline medication workflows for timely and safe medication ordering, dispensing, and administration
Steps to Execute Successful Risk Management:
- Employ infection prevention and control practices
- 1 to 3 million serious infections occur every year in long-term care and assisted living communities in the U.S., with as many as 380,000 infection-related deaths
- Maintain healthy staffing levels
- Leverage technology tools for efficient documentation and data analysis
- Master medication management