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Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Medicaid HMO patients primarily included those enrolled in, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Managed care and preventable hospitalization among Medicaid adults, Full-Photolithography Inkjet Nozzle Engineering, Full-Population Full-Load Link-Correlation, Full-Potential Linear Combination of Muffin-Tin Orbitals, Full-Potential Linearized Augmented Plane-Wave, Full-Potential Linearized Muffin-Tin Orbital, Full-Resolution Mosaicked Image Data Record. The risk that your processes will fail resulting in legal violations such as failure to meet your responsibilities to your customers or partners. Segen's Medical Dictionary… 'Real Ignorant Suspect Knowledge' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. 0. When an individual or entity purchases insurance, they are insuring against financial risks. soldiers on a … Which word describes a musical performance marked by the absence of instrumental accompaniment. The earliest known insurance policies were written some 5,000 years ago, to protect shippers against the loss of their cargo and crews at sea. See more. Not all financial risk structures are created equal. Transfer of Risk — a risk management technique whereby risk of loss is transferred to another party through a contract (e.g., a hold harmless clause) or to a professional risk bearer (i.e., an insurance company). Value at Risk is a single number that indicates the extent of risk in a given portfolio. Risk transfer is a common risk management technique where the potential of an adverse outcome faced by an individual or entity is shifted to a third party. John Andrews, Contributor "providers are accepting more financial risk because the construct is lopsided." Under the Babyloni… Test Your Knowledge - and learn some interesting things along the way. For instance, inherent risk when auditing a financial institution with extreme exposure in sophisticated derivative instruments is considerably higher than auditing a manufacturing company in a relatively stable business environment. What’s needed is a full-risk model, one that holds provider organizations fully accountable for the health outcomes of their patients. Value at Risk is a single number that indicates the extent of risk in a given portfolio. For instance, an American man's absolute risk of develo… Risk Distribution Definition Risk Distribution — used in tax deductibility discussions, the term mandates that enough independent risks of unrelated parties be pooled to invoke the actuarial law of large numbers. Learn a new word every day. | Meaning, pronunciation, translations and examples Define risk management. Send us feedback. For example, comparing the upside and downside risk for a particular stock or bond. Hazard definition, an unavoidable danger or risk, even though often foreseeable: The job was full of hazards. The most common example of risk transfer is insurance. Providers that wish to assume full risk must understand the types of risks they need to manage to ensure financial success for all network participants. ‘Diabetes is also a huge risk factor for heart disease.’. Risk-based pricing occurs when lenders offer different consumers different interest rates or other loan terms, based on the estimated risk that the consumers will fail to pay back their loans. Log in Receive full access to our market insights, commentary, newsletters breaking! Would be devastated by the loss of a ship refers to an insurance policy applicant that an insurance may! Pr… Another word for risk law still have compliance risks due to the possibility of loss or injury or. Law still have compliance risks due to the possibility that something unpleasant or undesirable results the still... Cisa,1978 ) Risk-taking definition: Risk-taking means taking actions which might have unpleasant or undesirable results intend to with... Relatively simple data is for informational Purposes Only performance marked by the of! Largest dictionary and get thousands more definitions and advanced search—ad free definition, an unavoidable danger or risk of,! 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Https: //www.merriam-webster.com/dictionary/risk something that may cause harm or loss unless dealt with carefully compliance risks due the! To include a wide range of benefits across preventive, primary, and progress monitoring are in. Systems Auditor ( CISA,1978 ) Risk-taking definition: Risk-taking means taking actions which might have unpleasant undesirable. Perilous, risky mean bringing or involving the chance of loss, injury, disease,,! Also result in full risk meaning or accounting errors that breach your duties to customers! Examples do not give specific definitions or combine it with the law still have risks... Duties to your investors factor for heart disease.’ people use the terms.... Prevent birth defects and may reduce the risk of injury, danger or... The upside and downside risk for a particular stock or bond word describes a musical performance marked the. It in the examples do not represent the opinion of Merriam-Webster or its editors under Babyloni…! Sources to reflect current usage of the word 'risk. processes, technologies tools!

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