Managed risk definition

Managed risk means a process by which a resident‟s high-risk behavior or choices are reviewed with the resident. Alternatives to and consequences of the behavior or choices are explained to the resident and the resident‟s decision to modify behavior or accept the consequences is documented.
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Managed risk means the process by which the facility staff discuss the service plan and the needs of the resident with the resident and, if applicable, the resident's representative or designee or the resident's surrogate, guardian, or attorney in fact, in such a way that the consequences of a decision, including any inherent risk, are explained to all parties and reviewed periodically in conjunction with the service plan, taking into account changes in the resident's status and the ability of the facility to respond accordingly.
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Managed risk means the process of balancing resident choice and independence with the health and safety of the resident and other persons in the facility or program. If a resident’s preference or decision places the resident or others at risk or is likely to lead to adverse consequences, such risks or consequences are discussed with the resident, and, if the resident agrees, a resident representative, and a formal plan to avoid or reduce negative or adverse outcomes is negotiated, in accordance with the provisions of N.J.A.C. 8:36-4.17.
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Examples of Managed risk in a sentence

  • Managed risk does this by moving residents and activities away from areas that are vulnerable to climate risks, such as flooding or erosion.

  • Managed risk does not constitute a waiver of liability nor does it include instances where a Managed risk is a process of informed decision-making.

  • The Board has iden�fied the following strategic objec�ves:• Efficient and effec�ve governance;• Managed risk and returns; • Financial sustainability; and• Engaged sponsors and members.

  • Being implemented in user-space and above the sockets layer, this implementation is very portable across various hardware and soft- ware platforms2.

  • The pro- gram is being managed by the state’s Managed risk Medical insurance Board (MrMIB), which operates a simi- lar state program.

  • Managed risk assessment projects for contaminated sites including inactive industrial lands, municipal landfills, sludge lagoon and operating facilities.

  • Managed risk upon multiple lines to protect assets, property, and equipment meeting the expectations of senior leadership.

  • Managed risk is defined as a problem that is currently being managed, such as someone with hypertension that is managed through medication.

  • The 1996 ‘Nairn’ Review recommended a fresh approach to quarantine by way of the following:- Managed risk based on science;- A continuum of quarantine (pre-border, border, post border);- Shared responsibility (Government, industry and the community);- Consultative decision making;- External input to quarantine policy; and- Enhanced capacity in plant and fish quarantine protection and policy.

  • The discount rate for the dividends, defined as the Cost of Equity, is calculated according to the Capital Asset Pricing Model or “CAPM”.Application of this criterion involves estimating the future dividend flows generated during the period 2006-2015, after which time the value of the Banks has been calculated via the terminal value.


More Definitions of Managed risk

Managed risk means the process by which the
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Managed risk means the process by which the facility staff discuss the service plan and the needs of the resident with the resident and, if applicable, the resident's representative or designee or the resident's surrogate, guardian, or attorney in
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Managed risk means the process by which the facility staff discuss the service plan and the needs of the resident with the resident and, if applicable, the resident's representative or designee or the resident's surrogate, guardian, or attorney in fact, in such a way that the consequences of a decision, including any inherent risk, are explained to all parties and reviewed periodically in conjunction with the service plan, taking into account changes in the resident's status and the ability of the facility to respond accordingly. Mental health resident" means an individual who receives social security disability income due to a mental disorder as determined by the Social Security Administration or receives supplemental security income due to a mental disorder as determined by the Social Security Administration and receives optional state supplementation. Neglect. Neglect is defined as the failure or omission on the part of a caregiver to provide the care, supervision, and services necessary to maintain the physical, mental health, and well-being of a vulnerable adult. Neglect also means the failure of a caregiver to make a reasonable effort to protect a vulnerable adult from abuse, neglect, or exploitation by others. Neglect is a single incident or repeated carelessness that produces or could reasonably result in serious physical or psychological injury, or a substantial risk of death. On-Going Case Management. On-going case management is provided to clients who are in need of services for a period exceeding 60 calendar days. On-going case management is appropriate for clients who receive supportive services. Optional State Supplementation. An ACCESS program, designed to assist vulnerable adults who meet financial criteria and who need help paying for out-of-home placements and services in ALFs, AFCHs, or residential treatment facilities for mental health clients. Cash assistance may be provided and/or Medicaid benefits for assistive care services through Medicaid-accepting facilities.
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Managed risk means a formal process of negotiating
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Related to Managed risk

  • Managed Assets means the Fund’s net assets, including assets attributable to any principal amount of any borrowings (including the issuance of commercial paper or notes) or preferred shares outstanding. For the avoidance of doubt, assets attributable to borrowings includes the portion of the Fund’s assets in a tender option bond trust of which the Fund owns the residual interest (without regard to the value of the residual interest to avoid double counting).

  • Managed Fund means those Funds, individually and collectively, for which the Portfolio Manager makes buy and sell decisions.

  • Managed Device means any device on which any Affiliate in the Enterprise directly or indirectly controls one or more operating system environments. Examples of Managed Devices can be found in the Product Terms.

  • Managed Account means an account of a client for which a person or company makes the investment decisions if that person or company has discretion to trade in securities for the account without requiring the client’s express consent to a transaction;

  • operational risk means the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, and includes legal risk;

  • Managed Services means the services provided by a Client to End Users using the SaaS and Client’s intellectual capital and/or additional services supplied by Client.

  • systemic risk means a risk of disruption in the financial system with the potential to have serious negative consequences for the financial system and the real economy;

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;

  • Managed Accounts means an account that is professionally managed through a wrap program. Managed Accounts require pre-approval through the Compliance Department prior to starting up the account. The Compliance Department will consider the facts and circumstances of the account, including the functions and duties of the employees, when approving or denying such accounts. In addition, preclearance is exempt with Managed Accounts, however, all trades still require reporting and duplicate statements and confirmations are required to be sent to the Compliance Department. Preclearance is only exempt for trades initiated by the wrap manager. All trades initiated by the employee require preclearance.

  • Country Risk means all factors reasonably related to the systemic risk of holding Foreign Assets in a particular country including, but not limited to, such country’s political environment, economic and financial infrastructure (including any Eligible Securities Depository operating in the country), prevailing or developing custody and settlement practices, and laws and regulations applicable to the safekeeping and recovery of Foreign Assets held in custody in that country.

  • Average Daily Managed Assets of the Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. Subject to the provisions of Section 5 below, the accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.

  • high risk breach means that the threshold for notifying the individual is higher than that for notifying the relevant supervisory authority.

  • Sustainability Risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment;

  • Low risk means normal, uncomplicated prenatal course as determined by adequate prenatal care and prospects for a normal, uncomplicated birth as defined by reasonable and generally accepted criteria of maternal and fetal health.

  • fully managed account means an account of a client for which a person makes the investment decisions if that person has full discretion to trade in securities for the account without requiring the client’s express consent to a transaction;

  • Maintenance and Operations Revenue or “M&O Revenue” means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less

  • Construction-manager-at-risk means a project delivery method in which:

  • At risk means a student who has the potential for academic failure, including, but not

  • Managed Amortization Period means the period from the Closing Date to the Rapid Amortization Commencement Date.

  • Minimal risk means that the probability and magnitude of harm or discomfort anticipated in the research are not greater in and of themselves than those ordinarily encountered in daily life or during the performance of routine physical or psychological examinations or tests.

  • market risk means the risk of loss for the individual portfolio resulting from a fluctuation in the market value of positions in the portfolio attributable to changes in market variables, such as interest rates, foreign exchange rates, equity and commodity prices, or an issuer's creditworthiness;

  • fall risk means any potential exposure to falling either from, off or into;

  • Commercial vehicle means a motor vehicle, trailer, or semitrailer used or

  • All Risk property insurance on a full replacement cost basis insuring CLEC’s property situated on or within any CenturyLink Premises. CLEC may elect to insure business interruption and contingent business interruption, as it is agreed that CenturyLink has no liability for loss of profit or revenues should an interruption of service occur.

  • Tail risk means a risk that occurs either where the frequency of low probability events is higher than expected under a normal probability distribution or where there are observed events of very significant size or magnitude.

  • Commercial Item means a commercial item as defined in FAR 2.101.