Risks

Overall Results and Strategies for Minimizing the Risks

Staff Turnover

This is one the biggest risks confronting the wellness centers. This can be reduced by having an increased staff motivation and rewards offered to employees.

Overcrowding

The rise in demand for wellness centers raised the risk for overcrowding situations. In order to alleviate this risk, the facility needs to hire enough staff to meet the patient care demand.

Insufficient Funds

Insufficient funds to run the facility can reduce the ability for the facility to function. The hospital administration can provide aid to the facilities by offering loans to make sure the facilities have the monetary means to function.

Loss of customers

The possibility of patients leaving the facilities due to competitors is a large risk. In order to reduce this risk, high quality care needs to be provided to the patients. Advertising needs to be established to promote the presence of the clinic.

Lack of Supplies

If there are not enough resources and supplies to run the facility, this would put the clinic at an increased risk for failure. In order to avoid this, it is important that the facility keeps a close relationship with suppliers.