Balancing Compliance and Innovation in Risk Management: A Discussion with Naveen Agarwal

Life Sciences 360

Episode 023: Harsh Thakkar (@harshvthakkar) interviews Naveen Agarwal (@naveenagarwal), the Principal and Founder of Creative Analytics Solutions, LLC.

Naveen highlights the importance of aligning risk management with innovation and patient well-being, contrasting it with compliance-focused approaches. He also addresses evaluating team risk appetite through diverse perspectives and facilitated discussions to achieve consensus.
Harsh and Naveen delve into the dynamics of risk management within the medical device industry and explore the balance between compliance and courage-driven patient focus. They highlight the importance of streamlined documentation and suggest using diverse perspectives to resolve differences in risk assessment among teams.

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Show Notes:
(1:32) Why does risk management become so difficult for people?
(6:41) Qualifying for the Boston Marathon Analogy.
(12:32) Understanding the documentation requirements.
(17:53) Assessing risk appetite of people involved in risk assessment.
(22:24) Practical tips on how to manage the conversations.
(24:59) Managing risk with new technology and regulations.
(29:41) Risk management and human error.
(34:47) How do you get started creating courses?

For more, check out the podcast website - www.lifesciencespod.com

Capítulos

1. Balancing Compliance and Innovation in Risk Management: A Discussion with Naveen Agarwal (00:00:00)

2. Why does risk management become so difficult for people? (00:01:32)

3. Qualifying for the Boston Marathon Analogy. (00:06:41)

4. Understanding the documentation requirements. (00:12:32)

5. Assessing risk appetite of people involved in risk assessment. (00:17:53)

6. Practical tips on how to manage the conversations. (00:22:24)

7. Managing risk with new technology and regulations. (00:24:59)

8. Risk management and human error. (00:29:41)

9. How do you get started creating courses? (00:34:47)