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Health care CFO lessons: The importance of risk management
Becker's Hospital Review
At first glance, health care and railroads don't seem to have much in common. However, both industries are experiencing a massive shift in how business is done. Health care is moving away from a fee-for-service payment environment to one that encourages reimbursement for quality and value. The railroad industry is dealing with a major decline in coal shipments, which is a core part of the business, as new energy initiatives like natural gas arise. This has forced CFOs in both industries to develop strong risk management plans.
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The costly impact of workplace violence
By Tracy Stevens
Violence in the workplace has a significant impact on an organization, its employees and its customers. The effect can be very costly to a company through absenteeism, job performance, employee replacement and training. Health insurance premiums may also increase, and the company may incur serious legal costs. Workplace violence comes in many forms — ones that are obvious and others that are more discreet. The following are several different factors of workplace violence that employers need to be aware of and the warning signs to look for.
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BCM and DR: Plans that can't be made
Stoneroad's Blog
Considering that the number of risks that exist in the world today is basically infinite — once you calculate all the various potential impacts to an organization from a single event — there will be communication, restoration and recovery plans that just can't be developed, documented, implemented, communicated, validated or maintained. It is impossible to have a response to every situation; the secret it to be able to adapt to the situation and leverage the response plans you do have to help adapt to the disaster situation.
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Looking for similar articles? Search here, keyword(s): Adaptable disaster/recovery plans.




Cost cutting shouldn't be at the expense of risk management
Yahoo News
With the prospect of rising costs, falling commodity prices and decreased productivity levels, mining companies are embracing cost cutting measures to lay the foundation for long-term business growth, according to Mining Risk Review 2014, a publication from Willis Group Holdings, the global risk adviser, insurance and reinsurance broker. Willis warned companies not to be tempted to cut back on risk management outlays in order achieve cost reductions. This could be fundamentally self-defeating as the costs saved are marginal but leave potentially enormous exposures.
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  Advanced Degrees in Health Care Transformation
The health care industry is seeking professionals with technology skills. According to the U.S. Bureau of Labor Statistics Occupational Outlook Handbook, 2012-13 Edition, nearly 200,000 professionals are needed in technology related health care occupations. Propel your career with a supportive, accredited online university. Focused on health care, American Sentinel offers management, informatics and technology degrees designed for busy professionals seeking relevant education. Your success is our passion!
 


Healthy business risk
St. Augustine News
There are risks when it comes to any business or enterprise, yet franchising is the one avenue that both laymen and experts agree is the least risky option available. Unlike the small business that needs to set up everything on their own — especially the social media campaigns that take up a ton of time and resources — by joining a successful franchise and becoming a franchisee, that worry is eliminated.
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MSP Compliance

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Boeing says 737 orders mute emerging-market currency risk
Bloomberg
Boeing Co., the world’s largest planemaker, says it's cushioned against currency market turmoil by an order backlog for its best-selling 737 jet that's large enough to keep factories busy for seven years. Boeing can count on strong demand for the popular narrow-body jet to lessen the risks of order cancellations if currencies continue to plunge in developing nations from India to Indonesia, a Boeing official recently said. The state of planemakers' backlogs has come into sharper focus with financial markets and currencies in some emerging countries falling into a tailspin as a result of the U.S. Federal Reserve Bank's change in monetary policy.
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PRODUCT SHOWCASE
  ACL GRC: Governance, Risk, Compliance Simplified
GRC doesn’t have to be clunky or spreadsheet-intensive. ACL GRC offers a fresh way to help you improve the efficiency and effectiveness of GRC activities. Our cloud-based solution is simple, flexible, cost-effective and suitable for nearly any organization. Watch a quick demo video!
 


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TRENDING ARTICLE
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Guidelines for appearance policies in the professional workplace
By D. Albert Brannen
Policies regulating dress and appearance in the workplace can help enhance an office's public image, promote a productive work environment, comply with health and safety standards and even prevent claims of unlawful harassment and discrimination.

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Governance challenge: The board's role in crisis and risk management
The Huffington Post
Recent data security breaches at the some of the nation's largest retailers prove that available technology solutions to guard against cyber theft are not keeping pace with the capabilities of the hackers.

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The hidden risk of social media marketing: Managing old Facebook admins
Business 2 Community
For years, we heard brands throw up barriers around why they didn't want to participate in social media marketing. One of the biggest reasons? Managing risk. While that barrier has largely eroded, one hidden risk continues.

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Retailers to Congress: There's no end in sight for credit card breaches
The Washington Post
The testimonies from top retail executives affirmed what many security experts have long warned: There is no end in sight for the recent spate of cyberattacks. Real change would require all the actors in the payment card system — merchants, banks the issue credit cards and the card networks — to work together to replace the plastic in our wallets with something more sophisticated, such as a card with a computer chip.
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See related story: Protecting magnetic stripe cards (The Wall Street Journal)


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Labor supply chain integrity and ethical recruitment
3BL Media
Globalization has made corporate value chains even more multi-tiered and complex and expanded labor opportunities into new geographies. As a result, migration has expanded, also increasing suppliers' reliance on recruitment intermediaries to find, hire and place those workers. This reliance on sometimes distant intermediaries in an already complex supply chain can involve reputational risk for companies, particularly in relation to the mistreatment of workers. In the age of social media, this risk can potentially destroy brands and even companies.
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Dangerous file-sharing practices put sensitive corporate data at risk
Business Wire
Personal email could be 2014's biggest threat to corporate data. A new survey of more than 500 professionals, recently released by GlobalSCAPE, Inc., found that in the past 12 months, 63 percent of employees have used personal email to send sensitive work documents. Perhaps more surprisingly, 74 percent of those employees believe that their companies approve of this type of file-sharing behavior. Using personal email to send sensitive business files creates a major security and compliance risk to corporations.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    DuPont unveils training methods to boost risk management (Fibre2Fashion)
Are temporary impairments ADA-protected disabilities? You bet (Workforce)
4 steps to a fool-proof business continuity plan (MSPmentor)
Corporate asset protection: Shielding your business from lawsuits, threats — Part II
(By David B. Mandell, JD, MBA, and Jason M. O'Dell, MS, CWM)

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Colby Horton, Vice President of Publishing, 469.420.2601
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