Risk Management Measurement Models of UAE Public Hospitals using Confirmatory Factor Analysis (CFA)

Abstract

Studies found that UAE public hospitals faced with issues derive from risk such failure in monitoring and managing risk. A study was conducted to develop structural equation model of relationship of risk management practices factors affecting business community for TAWAM Hospital in UAE. The identified risk management practices factors were clustered into three groups namely Risk Management Culture (RMC); Risk Management Governance (RMG); Risk Management Process (RMP). The study adopted quantitative approach where data was collected through questionnaire survey. The collected data from the survey was used to develop the model using AMOS-SEM software. However for this paper, it presents only the development and assessment of measurement model of RMC, RMG and RMP using confirmatory factor analysis (CFA) which involved processes like Specification of the model; Model identification; Estimation of parameters; Assessment of goodness-of-fit and finally Re-specification of the model until achieved fitness. Analysis of these three models has achieved its goodness of fit criteria. These fit models can be used in the development of structural model that consists independent and dependent variables.