Integrated Approach to Risk Management for Public Administrations: The Healthcare System

The systemic risk represents the risk of a deep transformation of the structure of an economic and / or financial
system that occurs, through a chain reaction, after the manifestation of a triggering event (Bandt and Hartmann,
2000; Hunter and Marshall, 1999) related to the dynamics of company crises, particularly the pathological
company crises.
By translating the concept of systemic risk to company dynamics, it is possible to approach it to the dynamics
affecting the company crises.
In the economic-business sciences, it is possible to identify the risk of the business crises through predictive
models, such as the Z-Score (Altman, 1968, 2000), defined using a multivariate approach based on the
consideration and the analysis of several factors deemed significant in determining the healthcare of a
company. The objective of the paper is to create a function that has a predictive character in the definition of
the company crises. This function will be defined starting from the identification, the mapping and the coverage
of the risk.