Risk Stemming from Internal or External Power
Reading Time - 4 min
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We want to eliminate both financial and structural risk to then capitalize on business risk.
This is the risk that your practice will provide a service to patients and the cost will exceed the revenue.
This is the risk that a force (ex. the government) will make a change that increases your business risk.
This is the risk that your practice will run short on cash and that shortage will increase your business risk.
This article will detail many of your structural risks and ways to eliminate/mitigate them.
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