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It minimizes adverse impacts of operational risk, market risk, and credit risk on resources, earnings, and cash flows through risk analysis. Organizations should regularly undertake comprehensive, focused assessment of potential risks to the organization. This focused assessment should occur at least twice a year by a team of staff members representing all the major functions of the organization. The assessment should be carefully planned, documented and methodically carried out. Healthcare organizations and facilities are among these organizations, which could benefit from well-implemented risk management...
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