What aspect of compliance management focuses on addressing both current and future risks?

Study for the HCCA Certified in Healthcare Compliance (CHC) Exam. Practice with interactive questions and detailed explanations. Get ready to excel in your field!

The aspect of compliance management that focuses on addressing both current and future risks is risk assessment. This process involves identifying, analyzing, and evaluating potential risks that an organization might face in its operations and regulatory obligations.

Risk assessment is proactive in nature, allowing organizations to not only mitigate existing risks but also anticipate future hazards that could arise from changes in legislation, industry standards, or organizational procedures. By conducting thorough assessments, healthcare organizations can prioritize their compliance efforts based on the likelihood and impact of identified risks, ensuring that they allocate resources effectively to areas that require immediate attention or strategic planning.

This contrasts with other options, which have more focused roles in compliance management. Compliance training typically deals with educating employees about policies and regulations rather than identifying risks. Policy implementation concerns putting compliance policies into practice, and while it is crucial, it does not inherently focus on assessing risks. Monitoring and auditing are essential for tracking compliance and identifying deviations from established standards, but they primarily focus on operational effectiveness and adherence rather than upfront risk identification and management.

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