August 2008
hfm (Healthcare Financial Management);Aug2008, Vol. 62 Issue 8, p48
Trade Publication
The article focuses on the significance and impact of risk on the achievement of management particularly in the health care industry in the U.S. It suggests that every healthcare executive should be of concern on the three distinct forms of risk, which include business risk, financing risk, and event risk. It also suggests that executives must understand the organization's risk profile and its financial ability to handle that risks synchronously. A graph depicting the significance of the relationship between risk/financial strength continuum and effective risk management is also presented.


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