The recent Risk Identification and Analysis report provided us with potential issues that would put Tampa Bay Super Clinic at risk. We will review the risks recognized in the previous assessment and propose solutions that will help control costs as well as limit financial losses for our organization. For this organization to be proactive and protect our development investments, we must achieve a financial balance between risk retention and risk transfer (Epstein, Metz and McLaughlin, 2013). Additionally, we must continue to monitor the progress of each outcome so that we can take into account any improvements that need to be made. In the following report, we will examine each of the three risk areas assessed as well as the recommended solution to mitigate the risk. Each solution aims to improve the profitability of the organization. Property Risks To begin, property risks have been identified as one of the largest areas of possible financial loss for Tampa Bay Super Clinic. The first risk identified was the impact that a disaster could have on our facility, for example a fire. Our current plan is to limit the clinic's financial losses by purchasing commercial insurance that protects the entire property against fire, smoke and water damage. Purchasing commercial insurance will be more cost-effective for the organization. Additionally, all employees will be required to complete a fire safety course and fire drills will be held to maintain staff awareness. Natural disasters constitute the second risk identified in the previous report. Again, the most financially available option for our organization is to purchase a commercial policy that will provide us with the necessary coverage in the event of a natural problem...... middle of paper ...... and ensure the existence of risk management practices. are consistent throughout the organization. A final recommendation would ask internal auditors to perform an analysis of the solution to anticipate any necessary changes. With hard work and dedication, Tampa Bay Super Clinic will continue its path to success. Works Cited Agrawal, A. (January 1, 2009). Medication errors: prevention using computer systems. National Center for Biotechnology Information. Retrieved from http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2723209/Clarke, MJ (June 1, 2008). Knowledge is power. Risk Management, 55(6), 58. Epstein, A.L., Metz, D., McLaughlin, K.M. (2013). Financing risk. At St. Petersburg College (Comp.), HSA 4502: Health Care Risk Management (117). Burlington, MA: Jones & Bartlett Learning. Myers, A. (November 1, 2009). Back to basics. Risk management, 56(9), 56.