One of the most significant companies’ management issues in the last ten years is enterprise risk management. Various scholars have contributed their distinct viewpoints to the evolution of enterprise risk management. Enterprise risk management can be defined at the corporate level, including risk assessment, quantification, financing, and management. This study's primary goal was to examine the connection between enterprise risk management practices and hospital performance in the UAE. The major study question was whether enterprise risk management practices influence hospital performance in the UAE. This study aims to produce a connection between enterprise risk management practices and hospital performance in the UAE that considers both business model innovation and stakeholder engagement in the decision-making. The primary findings of the study center on creating a conceptual model of enterprise risk management practices concerning hospital performance in the UAE.