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

2. Atlanta, Georgia 2007 Annual Conference Council on Licensure, Enforcement and Regulation Improving public safety Quantifying regulatory risk

3. Atlanta, Georgia 2007 Annual Conference Council on Licensure, Enforcement and Regulation 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

4. Atlanta, Georgia 2007 Annual Conference Council on Licensure, Enforcement and Regulation Professionals - Entry to practice - Quality assurance - Discipline Employers Practice sectors Educators Government Public RelevanceConfidence Trust Standards into practice Influence policy Decision support AuthorityKnowledge Professional licensing regulator Quality practice Leadership Build confidence Use of knowledge It’s a complicated, integrated system Other jurisdictions

5. Atlanta, Georgia 2007 Annual Conference Council on Licensure, Enforcement and Regulation Challenges High stake decisions Calls for more openness Challenges to authority Overlapping authority Limited resources Assessing competency Ignorance and apathy It’s rocket science!

6. Atlanta, Georgia 2007 Annual Conference Council on Licensure, Enforcement and Regulation Benefits of risk management 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

7. Atlanta, Georgia 2007 Annual Conference Council on Licensure, Enforcement and Regulation Support decision making about specific events Enable conversations with stakeholders Reveal trends and opportunities Record details All risk drivers Knowledge creation Potential risk management tools Event capture Risk assessment RM framework Information for managing risk

8. Atlanta, Georgia 2007 Annual Conference Council on Licensure, Enforcement and Regulation Tools guide decision making Risk factors Consequences Likelihood Aggravating & mitigating circumstances Issues versus expectations Practice vs standards Conduct vs ethics Signs of incapacity vs experience Risk assessment tool

9. Atlanta, Georgia 2007 Annual Conference Council on Licensure, Enforcement and Regulation Risk is the currency of regulation Private sector yard stick is money Regulatory yard stick is risk –protecting public safety or public interest … so risk needs to be measured What gets measured gets attention!

10. Atlanta, Georgia 2007 Annual Conference Council on Licensure, Enforcement and Regulation Speaker Contact Information 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