A Sustainable Model for Healthcare Systems: The Innovative Approach of ESG and Digital Transformation

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 world...

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Bibliographic Details
Published in:Healthcare (Basel) 2024-01, Vol.12 (2), p.156
Main Authors: Sepetis, Anastasios, Rizos, Fotios, Pierrakos, George, Karanikas, Haralampos, Schallmo, Daniel
Format: Article
Language:English
Subjects:
Air pollution
Business planning
Business plans
Climate change
Corporate governance
Digital technology
Digital transformation
Emissions
Energy consumption
Environmental aspects
Epidemics
ESG factors
Evaluation
Financial statements
Global economy
Global temperature changes
Greenhouse gases
health
Health care industry
healthcare system
Inclusion
Innovations
Literature reviews
Management
open innovation
Outdoor air quality
Sustainable development
sustainable finance
Well being
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Summary: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.
ISSN:2227-9032
2227-9032
DOI:10.3390/healthcare12020156