The recent risk identification and analysis report provided us with potential issues that could expose Tampa Bay Super Clinic to risk. We will review the risks recognized in the previous assessment and provide solutions that will help control costs and limit financial losses for our organization. In order for this organization to be proactive and protect our developing investments, we must achieve a financial balance between risk retention and risk transfer (Epstein, Metz, & McLaughlin, 2013). Additionally, we must continue to monitor the progress of each outcome so that we can accommodate any improvements that need to be made. In the following report we will look at each of the three risk areas that have been assessed along with the recommended solution to limit the risk. Each solution is intended to improve the profitability of the organization. Real Estate Risks To begin with, real estate risks have been identified as one of the most significant areas of possible financial loss for the Tampa Bay Super Clinic. The first risk identified was the impact a catastrophe could have on our facility, such as a fire. Our current plan is to limit financial losses to the clinic by taking out commercial insurance that protects the entire property from fire, smoke and water damage. Carrying commercial insurance will be more convenient for the organization. Additionally, all employees will be required to take a fire safety course and fire drills will be conducted to maintain staff awareness. Natural disasters were the second risk identified in the previous report. Once again, the most fiscally 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... paper medium... and ensure that they are risk management practices they are consistent throughout the organization. A final recommendation is for internal auditors to perform analysis of the solution in order to keep up with any necessary changes. With hard work and dedication the Tampa Bay Super Clinic will continue on its path to success. Works Cited Agrawal, A. (2009, January 1). Errors in therapy: prevention using computer systems. National Center for Biotechnology Information. Retrieved from http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2723209/Clarke, M.J. (2008, June 1). Knowledge is power. Risk Management, 55(6), 58. Epstein, A.L., Metz, D., McLaughlin, K.M. (2013). Financial risk. In St. Petersburg College (Comp.), HSA 4502: Health Risk Management (117). Burlington, MA: Jones & Bartlett Learning.Myers, A. (2009, November 1). Back to the origins. Risk management, 56(9), 56.