A Sustainable Model for Healthcare Systems: The Innovative Approach of ESG and Digital Transformation
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Published:2024-01-09
Issue:2
Volume:12
Page:156
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ISSN:2227-9032
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Container-title:Healthcare
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language:en
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Short-container-title:Healthcare
Author:
Sepetis Anastasios1, Rizos Fotios2ORCID, Pierrakos George1, Karanikas Haralampos3ORCID, Schallmo Daniel4ORCID
Affiliation:
1. Postgraduate Health and Social Care Management Program, Department of Business Administration, University of West Attica, 12244 Athens, Greece 2. Department of Business Administration, University of West Attica, 12241 Athens, Greece 3. Department of Computer Science and Biomedical Informatics, University of Thessaly, 35131 Lamia, Greece 4. Institute for Entrepreneurship, University of Applied Sciences Neu-Ulm, 89231 Neu-Ulm, Germany
Abstract
In recent years, the globe has faced a series of topics of growing concern, such as the COVID-19 pandemic, the international financial crisis, rising socio-economic inequalities, the negative outcomes of greenhouse gas emissions, which resulted in climate change, and many others. Organizations worldwide have confronted these new challenges of sustainable finance by incorporating environmental, social, and corporate governance (ESG) factors and digital transformation (DT) in their innovation business strategies. The healthcare sector represents a large share of the global economy (about 10% of global economic output), employs a large number of workers, and needs to rely more on an open innovation model where interested parties, especially patients, are going to have a say in their own well-being. Thus, it is imperative that healthcare providers be efficient, effective, resilient, and sustainable in the face of significant challenges and risks. At the same time, they must offer sustainable development goals and digital transformation to healthcare users through limited governmental resources. This study investigates the role, importance, and correlation of ESG factors and digital transformation to the sustainable finance of healthcare systems through an innovative model. The main purpose of the paper is to present the already implemented ESG and DT factors in the healthcare sector and to propose a mutual and combined implementation strategy based on common evaluation tools, methods, and actions. A set of proposed actions and strategies are presented for the sustainability and resilience of the healthcare sector.
Funder
Department of Computer Science and Biomedical Informatics, University of Thessaly, Greece
Subject
Health Information Management,Health Informatics,Health Policy,Leadership and Management
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