Reference no: EM132096286

Question: Sidney Park Health System is experiencing a shortage of coders. Over the past five years, there has been a 30% vacancy rate for coders throughout the main hospital and satellite clinics within the healthcare system. The backlog and vacant positions has created an issue related to unbilled revenue, overworked coders and extended work hours and schedules. It is estimated that there is an annual loss of $12 million. It has also been communicated that many of the qualified coders that were offered a position declined because they are interested in working from home. To address the problem, the health information management department is proposing that there be an implementation of a home-based coding system. This concept is feasible, given that Sidney Park Health System utilizes an electronic health record and all patient information is available electronically. You have been assigned as the project manager to oversee the feasibility and implementation of this project.

We are working on the project analysis. In order to make sure our project is a success, we must evaluate the risks and the severity of the risks. A risk can be identified as any influence, task, or environmental factor that has the potential to negatively impact the project. Identifying the risks and their severity should start at the very beginning of a project and continue throughout. Risk Analysis