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Displaying 21 - 30 of 36

Risk Notes

Financial and Insurance

Occurrence vs Claims-Made Policy

Overview of Issue Insurance policies can be written as either occurrence or claims-made policies. They differ in how coverage is afforded. Some types of insurance can only be written in…
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Risk Notes

Financial and Insurance

Coverage

Non-Residents of Canada and Governing Law and Jurisdiction Agreements (GLJA)

Overview This Risk Note deals with the risks associated with foreign judgments, the limitation of HIROC’s coverage in relation to such judgments and provides advice that is applicable…
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Risk Profiles

Financial and Insurance

Financial – Inefficiencies

The inefficient use of financial resources in a healthcare organization can have a negative impact on service delivery, employee retention and performance, or community partnerships. The…
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Risk Reference Sheets

Financial and Insurance

Fraud

Employee Fraud

Employee fraud causes both financial and reputational harm to organizations, loss of employee confidence in the workplace and loss of productivity. Its detection necessitates ongoing…

Risk Profiles

Financial and Insurance

Financial - Costs

This risk pertains to increased costs (e.g., salaries, supplies, inflation), inadequate alignment of costs with revenue streams and ensure financial viability of the organization,…
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Risk Profiles

Financial and Insurance

Financial - Revenue/funding

Risk of financial instability related to insufficient revenue/funding and/or inability to meet expenditure expectations/requirements. This may result from insufficient funding due to…
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Risk Notes

Financial and Insurance

Contracts/Waivers

Contracts - Overview of Key Principles

Overview of Issue Contracts are the foundation of all business relationships and are important to healthcare organizations. They should communicate information in a clear and precise…
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Risk Notes

Financial and Insurance

Contracts/Waivers

Contracts – Commercial Lease Agreements

Overview of Issue Commercial lease agreements specify the obligations of the landlord (lessor) and the obligations of the tenant (lessee). If a healthcare organization is leasing space…
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Risk Notes

Financial and Insurance

Contracts/Waivers

Contracts - Education Affiliation Agreements

Overview of Issue Affiliation agreements are contracts between a healthcare organization and an educational institution for the purpose of providing instruction in the healthcare…
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Risk Notes

Financial and Insurance

Contracts/Waivers

Contracts - Important Clauses

Overview of Issue While contracts vary, there are important clauses that should be included in all contracts. While the following is not an exhaustive list, the clauses listed are seen…
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Partnering to create the safest healthcare system

HIROC is not just a not-for-profit, we are a reciprocal. This means we are governed by our Subscribers – a group of over 800 diverse healthcare organizations across Canada. Together we share learnings and find ways to adapt to the changing nature of the industry.
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