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Improving public safety

2007 Annual Conference. Improving public safety. Quantifying regulatory risk. Anne Coghlan, Karen McGovern College of Nurses of Ontario Richard Page, Connie McCandless Regulatory Solutions Group. Quantifying regulatory risk. Improving public safety. Quantifying regulatory risk.

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Improving public safety

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  1. 2007 Annual Conference Improving public safety Quantifying regulatory risk Anne Coghlan, Karen McGovern College of Nurses of Ontario Richard Page, Connie McCandless Regulatory Solutions Group

  2. Quantifying regulatory risk Improving public safety Council on Licensure, Enforcement and Regulation

  3. Quantifying regulatory risk Regulation is all about RISK WHAT’S RISK? • Deviation from the expected WHAT’S REGULATION • Society’s way of managing risk • … for promoting excellence • … for dealing with bad practice and conduct Council on Licensure, Enforcement and Regulation

  4. It’s a complicated, integrated system Professional licensing regulator Other jurisdictions Authority Knowledge Leadership Relevance Confidence Trust Qualitypractice Standards into practice Decision support Influence policy Build confidence Employers Practice sectors Government Professionals - Entry to practice - Quality assurance - Discipline Use of knowledge Public Educators Council on Licensure, Enforcement and Regulation

  5. High stake decisions Calls for more openness Challenges to authority Overlapping authority Limited resources Assessing competency Ignorance and apathy Challenges It’s rocket science! Council on Licensure, Enforcement and Regulation

  6. Enable faster quality decisions Improve objectivity & transparency Support getting everyone on the same page Focus limited resources Make important distinctions and present new, more effective options Benefits of risk management Council on Licensure, Enforcement and Regulation

  7. Potential risk management tools Risk assessment Support decision making about specific events Information for managing risk Event capture RM framework All risk drivers Record details Reveal trends and opportunities Knowledge creation Enable conversations with stakeholders Council on Licensure, Enforcement and Regulation

  8. Risk assessment tool Tools guide decision making • Issues versus expectations • Practice vs standards • Conduct vs ethics • Signs of incapacity vs experience • Risk factors • Consequences • Likelihood • Aggravating & mitigating circumstances Council on Licensure, Enforcement and Regulation

  9. Private sector yard stick is money Regulatory yard stick is risk protecting public safety or public interest … so risk needs to be measured Risk is the currency of regulation What gets measured gets attention! Council on Licensure, Enforcement and Regulation

  10. College of Nurses of Ontario Anne Coghlan acoghlan@cnomail.org Karen McGovern kmcgovern@cnomail.org Regulatory Solutions Group Richard Page rpage@regulatorysolutionsgroup.com 416-261-2690 Connie McCandless cmcCandless@regulatorysolutionsgoup.com 416-221-1996 Speaker Contact Information Council on Licensure, Enforcement and Regulation

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