5 Boroughs Partnership NHS Foundation Trust Annual ... - Monitor

A series of briefings alerts and newsletters that aim to ensure learning is
shared are distributed throughout the Trust regularly. Learning is further
shared in the form of annual conferences such as the Service User and Carer
Involvement Conference, Service User Physical Health and Well-Being
Conference and the Trust’s Patient Safety Conference.
4. The Risk and Control Framework
Risk Management Policy
The overall aim of risk management is to ensure that high-quality healthcare
services are delivered with the safety, health and well-being of services users,
carers and staff at the forefront of everything we do and to provide assurance
through clear reporting structures that the risk management system across
the Trust is embedded and effective.
The Trust is committed to ensuring the safety of service users, staff and the
public through an integrated approach to managing risk whether financial,
organisational or clinical, within systems that are open and transparent and
demonstrate sound governance.
Risk Management Process
In pursuit of implementing effective risk management the Trust Risk
Management Policy has adopted the overarching process for managing all
risk within a single framework. The Risk Management Policy details the
framework for identification, evaluation, analysis, treatment, control,
monitoring and review of risks within a single Trust-wide Risk Register.
Knowsley Community Provider Services were integrated into the Trust-wide
Risk Register on the transfer of services - ensuring that a single system of risk
management was in place.
The risk management process begins with the identification of risks
throughout the Trust. Risks are identified through a number of sources
including risk assessment, audit, incidents, complaints, safety alerts, external
reviews and inspection, emerging financial and environmental risks and
compliance with statutory and regulatory requirements.
Risks are evaluated and prioritised using a qualitative approach where the risk
levels, (Consequence and Likelihood) are estimated. This provides an
estimate of where the most serious overall risks lie and assists both the
evaluation and prioritisation of risks within the management decision-making
process.
The Risk Management Policy clearly describes the process for authority to
manage risk within the Trust with low-level risk being managed locally and
high-level risk escalated to the Trust Management Team and reported to the
Trust Board. The Trust Board receives bi-monthly reports on the current
status and management of all risks within the Trust.
158
Annual Report and Annual Accounts 2011-12