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controllable financial risks for health care service manager

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Describe two controllable financial risks for health care service managers. How might those risks be avoided or abated?

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The response addresses the queries posted in 507 words with references.

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The response addresses the queries posted in 507 words with references.
This section will include two important controlled financial risks of health care organization along with the corrective measures to avoid those risks. The paper will also enclose the information about the subjective financial risks, and measures for healthcare executives to keep a check on them.

Two Controllable Financial Risks for Health Care Service Managers

Health care risk management is not that difficult as risk management of corporations. Though, there are many challenges that a health care institute might face, and some major risks including declining reimbursement, demands of evolving technology and concern for the safety of patients and employees (Gapenski & Orban 2011). Besides these challenges, there is still other financial risk that hampers the management of health care institutes. These financial risks ...

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Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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