About the CHRKM™ designation
The Chartered Healthcare Risk Manager (CHRKM™) is a practitioner-level credential from the Chartered Institute of Management Specialists (CIMS) that recognises individuals with exceptional competence, expertise and leadership in managing risk across healthcare organisations. It signifies a commitment to excellence in risk assessment, mitigation and compliance with healthcare regulation.
Holders of the designation are recognised as healthcare risk practitioners who can identify clinical and operational exposure, build mitigation strategies and keep organisations aligned with patient-safety and regulatory standards, while upholding the professional standards the discipline demands.
Entry requirements
To be considered for the CHRKM™ designation, applicants are typically expected to meet the following criteria:
Education
A bachelor's degree or equivalent qualification in healthcare administration, risk management, insurance, or a related field, from a recognised institution. Advanced degrees or certifications in risk management or healthcare-specific fields may be preferred.
Professional experience
Significant experience in risk management roles within healthcare settings — hospitals, clinics, insurance companies, or regulatory agencies — typically ranging from 5 to 10 years or more.
Healthcare knowledge
A comprehensive understanding of healthcare regulations, patient safety standards, clinical operations and healthcare-specific risk exposure.
Leadership skills
Demonstrated leadership capability, including assessing risk, developing risk management strategies, and collaborating with stakeholders to implement mitigation measures.
Mode of assessment
Candidates' knowledge, skills and competencies are evaluated through a combination of methods, which may include:
- Review of academic qualifications, professional certifications and continuing education courses related to healthcare risk management.
- Documentation of professional experience, including risk management initiatives and projects implemented, and the outcomes achieved.
- Examination or assessment of technical knowledge and competency in risk assessment methodologies, mitigation strategies and regulatory compliance requirements.
- Interviews or oral examinations assessing understanding of healthcare risk management concepts, problem-solving ability and leadership skills.
Standards & competencies
The CHRKM™ designation is awarded to professionals who can demonstrate consistent, evidenced competency in the following areas:
Features & benefits
Professional recognition
The designation distinguishes holders as highly skilled and experienced professionals in healthcare risk management, enhancing their credibility and reputation within the healthcare industry.
Career advancement opportunities
Chartered Healthcare Risk Managers are well positioned for leadership roles in healthcare organisations, insurance companies, consulting firms and government agencies, with room for progression and increased responsibility.
Patient safety & quality improvement
Certified professionals help improve patient safety and quality of care by identifying and mitigating risk, implementing best practices and ensuring regulatory compliance.
Continued professional development
Holders of the designation commit to ongoing learning, staying abreast of emerging risks, regulations and best practices in healthcare risk management.