Medical practice is known to be full of uncertainty. Even experienced doctors face uncertainty, especially regarding complex co-morbid conditions that may hinder applications of existing medical evidences. Facing medical problem is a naturally occurring problem that practitioners have to deal with during their development process. When something goes wrong in the financial world, risk management is the process of identification, analysis, and acceptance or mitigation of uncertainty in investment decisions. Risk management occurs when a doctors and Hospitals analyzes and attempts to quantify the potential for losses in an investment, such as a moral hazard, and then takes the appropriate action (or inaction) given the fund’s investment objectives and. Most of the risks associated with medical practice are not apparent.
