Public Risk, PRIMA’s 10-time-per-year magazine, is the flagship publication of the association. This publication provides risk managers with timely, focused information in an easy-to-read format. Public Risk features articles from risk management practitioners as well as industry professionals. Articles range from current trends, risk management procedures and guidelines, legislation changes, spotlights and more that will engage your office while keeping them informed!
Using Data to Mitigate Risk in Schools
By Charlie Wund
Risk is everywhere. It surrounds us as an invisible layer of chance, ever-changing as probability of manifestation is impacted by our real-time decision making. The decision to run a yellow light could be another passing moment on your way to work, or it could end up being a life-changing event.
We make our choices based on information. Those who have never been in an accident before or have collected incomplete data may be more inclined to take the chance. Those with children in the car, or perhaps noticed the police officer at the intersection, will probably make the choice to stop. We all aggregate information and process risk differently, and at different speeds.
Since the boom of “big data,” many industries have more information than they can handle. Treasure troves of “gold” aggregated in structured and un-structured data sets must now be mined to uncover the true value. Artificial intelligence has been employed to help make informed decisions, but it’s not meant to decide for us. More, a tool to point us in the right direction and assist with identifying the proper course.
PRIMA Executive Director Bids Farewell
Marshall Davies Announces Retirement
By Jennifer Ackerman, CAE
In a year when PRIMA is celebrating its 40th birthday, there has been one constant at the organization for as long as I can remember: Executive Director Marshall Davies. For nearly 20 years, Davies has set the course for the association and served as its commander and North Star.
Strategies to Dramatically Reduce Healthcare Costs and Minimize Program Risks
By Marty Joseph
What is a “sleep aid” for a hospitalized child, and why does it cost $800? When hospital bills include a “mucous collection system,” or a “cranial support system,” what do they mean?
In plain English, these items are a teddy bear, a box of Kleenex, and a pillow. Billing practices like these are why many employers are increasingly dissatisfied with the lack of transparency in healthcare costs and are looking for new approaches that give them more control, greater accountability and better consistency.
Four Steps for Aligning Third-Party Risk Management with Operational Priorities
By Quin Rodriguez
Last year was the year of third-party risk setbacks. Two of last year’s most infamous third-party issues were the wide-spread E. coli outbreak—infecting countless consumers with illness—and the nationwide IV bag shortage, which strained hospital supplies and impeded operations. With these and several other public third-party incidents, vendor risk management quickly became a trending topic.