Enterprise Risk Management System - Pendulum Risk
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Pendulum Enterprise Risk Management System

Pendulum’s Enterprise Risk Management System is a web-based program designed to identify, assess, prioritize, and manage risk in all areas of a senior living operation.

 

The Pendulum Enterprise Risk Management System is designed to support a senior living community’s risk management program and foster a strategic understanding of organizational risks and risk tolerance optimizing risk-based strategic and business decision-making. Purchase of the system includes a one-year subscription to the Pendulum Risk Management Resource Center for Senior Housing.

The Enterprise Risk Management System Uses Heat Maps To Illustrate The Risk Of Each Category

Pendulum’s System:

Pendulum’s Enterprise Risk Management System is a web-based program designed to identify, assess, prioritize, and manage risk in all areas of a senior living operation. This system allows an operation to:

 

  • Optimize risk-based strategic and business decision-making
  • Identify, prioritize, and manage liability risks
  • Minimize financial loss and support value creation
  • Improve performance, reputation, and regulatory compliance
  • Support merger/acquisition due diligence

 

External and internal risks facing senior care organizations are multifactorial and multidimensional, including financial, legal, regulatory, clinical, business, insurance, human resources, and technology risks. Daily factors also impact risk, including managing family and resident expectations, increasing resident acuity levels, aligning strategy with culture, controlling costs, and staffing challenges.

Why Use Our System?

The Enterprise Risk Management System strategic platform is a powerful tool to systematically manage internal and external risks by understanding key risk drivers; event probability; and the severity impact of the risks on property, business, and human resources. The senior care Enterprise Risk Management System assists with the assessment of risk in the following areas of business: Operational, Clinical, Environmental, Legal/Regulatory, Human Resources, Technology, Financial, and Strategic. Pendulum Enterprise Risk Management System benefits:

 

  • Provides a management platform to quantify and prioritize system risks
  • Includes project prioritization and tracking tools
  • Suggests programs, systems, and strategies to manage risks

 

The Enterprise Risk Management System uses heat maps to illustrate the risk of each category, incident, or strategic program; the priority of risks; and the risk tolerance of the organization. A Gantt chart and calendar support program timelines and deadlines.

What Our Clients Say

I give Pendulum my highest regard and have no hesitation in recommending them for your risk management program.

Managing Director at Insurance Company

Extremely thorough and they ask all the right questions. The loss control expert who reviewed this facility is to be commended for a superb job. It’s clear that Pendulum really understands these types of risks, as there are so few in the industry who truly do. Great job. Thank you.

Agency Owner

This was absolutely the best, most thorough risk management visit we’ve ever had.

Facility Administrator

Have questions? We’ve got answers.

What is a standard risk assessment process?

Depending on the services requested, the assessment process is customized to fit the need of the organization. The assessment may be risk- or compliance-oriented.

 

Some examples of the areas reviewed during the assessment process include:

  • Policies and procedures
  • Protocols and practices
  • Physical environment

WHAT TYPES OF ASSESSMENTS ARE AVAILABLE?

Pendulum offers several varieties of assessments:

  • Professional liability risk
  • Infection prevention and control
  • Customer service
  • OIG compliance
  • HIPAA/HITECH compliance
  • Emergency operations
  • Security vulnerability
  • Life safety
  • OSHA
  • Cybersecurity

 

An organization can also choose a focused assessment that includes customized services to meet their needs in areas such as documentation, fall, skin integrity, elopement management, risk and quality programming, etc.

What can you expect from Pendulum Risk?

Pendulum offers more than 22 years of risk management consulting experience to assist organizations in minimizing liability risk and strengthening defensibility. We provide a wide range of risk management services and take pride in our ability to provide customized services to meet our client’s needs.

 

Our skilled risk control consultants have consulting expertise in a wide variety of clinical and non-clinical settings, allowing them to identify potential areas of risk and provide recommendations based on risk management strategies that have been identified through national claims and litigation activities.