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Risks in businesses are inevitable, but poor assessments of their occurrence lead to substantial financial losses and low public confidence. Healthcare organizations are examples of businesses that experience different types of risks, particularly financial risks with the turmoil in today’s capital market. Financial risks have broad categories, including credit, operational, and liquidity risks (Cleverley & Cleverley, 2018). Credits risks emerge when these health organizations give their clients credit but default to pay. Eventually, this makes the health facilities lack funds to facilitate the payment of bills. Further, the operational risks emerge when the daily business activities slow down due to inadequate internal processes and external events, such as fraud and filed lawsuits on negligence and medical errors. For instance, health

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