System risk management: key considerations for evolving arrangements

System risk management: key considerations for evolving arrangements Integrated care systems (ICSs) are developing their approach to system risk management following the enactment of the Health and Care Act 2022. NHS organisations and their partners are working to understand system risks, accountability and the impact on partnership decision-making. The fundamentals of good risk management are the same for both organisations and systems. But system risk management is more complex in that it requires partners to align their strategic understanding, risk appetite and risk management processes. This joint briefing from the HFMA and the Good Governance Institute (GGI) aims to support systems as they work on system risk management. It includes two case studies and sets out the key challenges, opportunities and considerations involved in effective system risk management. Healthcare Financial Management Association