Common use of Risk Management Reporting to the LHIN Clause in Contracts

Risk Management Reporting to the LHIN. HSP Boards will ensure that:  The health service provider has an organization-specific policy related to the management of risks;  Significant and major risks are identified and reported promptly to the LHIN in the manner outlined in the “NSM LHIN Risk Management Reporting Guidelines and Manual” (available on the NSM LHIN website);  All significant and major risks are assigned action plans to mitigate likelihood and/or impact, and that status updates for unmitigated risks are provided to the LHIN periodically until the risk is no longer significant.

Risk Management Reporting to the LHIN. HSP Boards will ensure that:  • The health service provider HSP has an organization-specific policy related to the management of risks;  • Significant and major risks are identified and reported promptly to the LHIN in the manner outlined in the “NSM LHIN Risk Management Reporting Guidelines and Manual” (available on the NSM LHIN website);  and, • All significant and major risks are assigned action plans to mitigate likelihood and/or impact, and that status updates for unmitigated risks are provided to the LHIN periodically until the risk is no longer significant.

Risk Management Reporting to the LHIN. HSP Boards will ensure that:  • The health service provider HSP has an organization-specific policy related to the management of risks;  • Significant and major risks are identified and reported promptly to the LHIN in the manner outlined in the “NSM LHIN Risk Management Reporting Guidelines and Manual” (available on the NSM LHIN website);  and, • All significant and major risks are assigned action plans to mitigate likelihood and/or and/ or impact, and that status updates for unmitigated risks are provided to the LHIN periodically until the risk is no longer significant.