Exploring sustainable healthcare: Innovations in health economics, social policy, and management

Affiliations
  • 1School of Management, Jiangsu University, Zhenjiang, 212013, PR China.
  • 2Department of Economics, Ghazi University, Dera Ghazi Khan, Pakistan.
  • 3Western Caspian University, Baku, Azerbaijan.
  • 4Department of Human Resource Management, College of Business Administration, Prince Sattam Bin Abdulaziz University, Al Kharj, Saudi Arabia.
  • 5Health Administration Department, College of Business Administration, King Saud University, Riyadh, 11587, Saudi Arabia.
  • 6Department of Health Informatics, College of Public Health and Health Informatics, Qassim University, Qassim, 51452, Saudi Arabia.

Published on:

Abstract

The healthcare sector faces several challenges, such as rising costs, rising demand, and the need for sustainability. A new area of healthcare has emerged due to these problems, focusing on long-term improvements in management, social policy, and health economics. This research explores the cutting edge of healthcare, concentrating on long-term advancements in management, social policy, and health economics. To better understand the problems affecting the healthcare sector and to pinpoint the areas where sustainable solutions are most required, a survey of 2000 healthcare professionals and policymakers was performed. The data were analyzed using structural equation modeling (SEM), and a thorough sustainable healthcare model was created. According to the survey’s findings, the healthcare sector now faces three significant challenges: growing prices, increased demand, and the need for sustainability. According to the respondents, the three main areas where sustainable innovations are most required are management, social policy, and health economics. These conclusions were supported by the (SEM) analysis, which also showed that sustainable practices in these fields significantly impact the sustainability of the healthcare system. These findings lead this research to conclude that to guarantee the accessibility and affordability of healthcare for everyone, a move towards sustainable practices in health economics, social policy, and management is needed. Cooperation between healthcare providers, policymakers, and other stakeholders is required to create creative solutions that support sustainability in the healthcare sector. This study offers a thorough framework for sustainable healthcare that may act as a guide for further research and the formulation of new regulations.

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