Which term represents the process of identifying and dealing with risks in a compliance program?

The term that represents the process of identifying and dealing with risks in a compliance program is risk management. This process involves recognizing potential hazards that could threaten compliance with regulations and standards within the healthcare setting, assessing their likelihood and impact, and implementing strategies to mitigate or manage these risks effectively.

Risk management is critical in healthcare compliance as it ensures organizations can proactively address issues before they escalate into significant problems that could result in financial penalties, legal repercussions, or harm to patients. A robust risk management framework in a compliance program helps organizations maintain their commitment to ethical standards and regulatory requirements while safeguarding their operations and reputation.

In contrast, quality assurance focuses on ensuring that a healthcare organization's services meet certain standards of quality, while financial auditing is related to reviewing financial records for accuracy and adherence to accounting principles. Employee assessment typically involves evaluating staff performance and professional development rather than identifying compliance risks.