This paper aims to introduce a better and more comprehensive overview of the main risks within healthcare organisations. By prioritising several dimensions of these risks, this paper and based on data collected from a sample of patients in three public Australian hospitals, contributes to the research work in healthcare risk management. The probability-impact risk matrix is used to calculate and determine the consequence of a case where an event is considered to be at risk. This matrix can be considered as a useful tool for risk mangers as well as researchers engaged in exploring the design of health care risk factors (HCRFs) analysis models. It can also be used to highlight critical risk factors which are crucial in today’s healthcare environment.