Final answer:
The institution uses risk transference to manage potential liabilities through additional insurance and waivers. This strategy shifts the financial risk from the institution to the insurer or athlete, effectively reducing the institution's exposure while still allowing the athlete to participate. The correct option is (e).
Step-by-step explanation:
The form of risk reduction used by the institution requiring an athlete to purchase additional medical coverage and sign an assumption of risk waiver is transference. Risk transference is a strategy where the potential for loss or damage is shifted from the institution to another party, in this case, through additional insurance coverage. By doing so, the institution mitigates the financial impact of a possible catastrophic injury during pole vaulting activities.
Risk Reduction Strategies in Healthcare:
Health records management requires careful consideration of various factors to ensure an adequate balance between the costs, quality of life, and privacy risks. In developing policies that address these concerns, three critical questions must be asked:
- How can healthcare organizations minimize costs associated with treatments and diagnoses without compromising patient care and outcomes?
- What measures can be taken to ensure that patient quality of life is prioritized and maintained throughout their treatment journey?
- In what ways can institutions protect patient privacy while still allowing for the effective use of health records in treatment and care coordination?
These queries aim to create a balanced approach in health records management, weighing the financial aspects with the necessity of delivering high-quality healthcare and the importance of safeguarding patient information.