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Explain one risk in the healthcare industry and how this risk can affect the financial performance...

Explain one risk in the healthcare industry and how this risk can affect the financial performance of healthcare. In 150 words or more..

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Now a days, many risks are facing in the health care field. Cyber risk is one amongst them. Now the healthcare industry is move to electronic healthcare records has created new patient privacy exposures as records are more easily accessed by consultants, vendors and other third party for efficient operation. but health care organizations face exposure to cyber risks that causes impacts on their operations, including shutting down critical, health- related systems. data breaches and network disruptions may lead to an organization's financial stability, security and reputation. cyber hacks and data breaches are a major issue facing the healthcare industry today. so it is important that healthcare organizations work closely with their insurance carrier to assess this exposure and develop effective risk management strategies and ensure the proper coverage is in place.

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