what is risk management risk management includes any activity process or policy to reduce liability exposure from a patient safety and a financial perspective it is important that health facilities perform risk management activities designed to prevent harm to patients and reducing medical malpractice claims we all have bumps in our personal lives these bumps can be handled with ease when we practice risk management for in our personal lives the following are four main areas to focus on for risk management health career finance relationships good guidelines in these areas will keep your life flowing easily and help you recover quickly from any setbacks please discuss how you can manage the risk in these areas of your personal life