Discuss what are the components of a good erm process


Assignment

For this assignment, make the case for using an Enterprise Risk Management (ERM) process approach to managing risk in a health care organization and why adopting a culture-focused ERM process is essential to risk management in health care organizations.
Consider all of the following in your argument:

• What is ERM?
• How does ERM reduce risk?
• What are the components of a good ERM process?
• Who is responsible for the ERM process?
• Why do health care organizations benefit from an ERM process?

Format your assignment according to the following formatting requirements:

1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

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