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.

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.

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.

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

Managed risk means a formal process of negotiating

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

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.