Paraphrase into high school level of understanding and make it brief "Risk management in healthcare involves analyzing practices and processes to identify risks, assess their likelihood and impact, and implement controls to prevent losses and optimize profitability. Key areas of risk identification in a medical office include operational risks, staffing levels, equipment and facility maintenance, supply chain disruptions, and financial stability. Risk assessment evaluates the likelihood and impact of each risk, using quantitative and qualitative methods, and categorizes them in a risk matrix. Control measures, such as preventive and mitigative controls, are implemented to reduce risks and their impacts. Continuous monitoring and regular reviews ensure effective risk management. Enterprise Risk Management (ERM) integrates risk management across the organization, improving processes, resource allocation, and patient satisfaction