Healthcare technology has always been a rapidly changing and expensive field. New medical technologies allow for earlier and more accurate diagnoses, more targeted treatments, and less invasive surgeries. However, these new technologies come at a high cost. To finance the research and development of new medical technologies, healthcare organizations must secure funding from many sources, including government grants, philanthropic donations, and private investors. Once new medical technologies are developed, they must be adopted by healthcare providers to improve patient care. The successful adoption of new medical technologies requires a well-coordinated effort between healthcare organizations, technology developers, and financing entities. When these groups work together, patients can benefit from the latest advances in healthcare technology.
Alolayyan, M. N., Alyahya, M. S., Alalawin, A. H., Shoukat, A., & Nusairat, F. T. (2020). Health information technology and hospital performance the role of health information quality in teaching hospitals. Heliyon, 6(10), e05040.
Alolayyan et al. (2020) explore the relationship between health information technology (HIT) and hospital performance. They specifically focus on the role of health information quality in teaching hospitals. The authors note that although many studies have established a relationship between HIT and various aspects of hospital performance, there is still a lack of understanding about how different dimensions of HIT affect various aspects of performance. The authors argue that health information quality is a key factor in the successful adoption of HIT and its impact on hospital performance. To test their hypothesis, the authors collected data from a sample in public teaching hospitals in the north of Jordan. The scientific management theory was used as the theoretical framework for the study. The findings of the study showed that health information quality was positively associated with various aspects of hospital performance, including patient safety, clinical outcomes, and financial performance. The authors conclude that health information quality is a critical factor in the successful adoption of HIT and its impact on hospital performance. The article provides a solid basis to inform investment in HIT and health information quality improvement initiatives to improve hospital performance. The authors command a good understanding of their subject matter, as evidenced by their empirical approach and their use of a theoretical framework to guide their study. Their findings offer practical implications for healthcare leaders and policymakers who are seeking to improve hospital performance through the adoption of HIT.
Amir, L. M., Hussain, K., Jhanjhi, N. Z., Nayyar, A., & Rizwan, O. (2020). A remix IDE: smart contract-based framework for the healthcare sector by using Blockchain technology. Multimedia Tools and Applications.
Amir et al. (2020) develop a framework for the healthcare sector that uses blockchain technology and smart contracts. They argue that blockchain technology can provide a secure and efficient way to store and share data in the healthcare sector. Their framework includes a decentralized application (DApp) that allows users to create, edit, and deploy smart contracts. The DApp also includes a library of ready-made smart contracts that can be used to create new applications. The authors suggest that their framework could be used to create a variety of applications, including electronic health records, clinical trial management, and drug supply chain management. The authors have a deep understanding of the subject since they have authored several peer-reviewed studies in the subject area. They take note of the expanding literature on the potential applications of blockchain technology in healthcare and provide a comprehensive review of this literature. They also provide a detailed description of their framework and its features. The authors make a strong case for the use of blockchain technology in healthcare and provide a convincing argument for why their framework is superior to other existing solutions. Their article provides a useful starting point for those who are interested in using blockchain technology in healthcare.
De Aguiar, E. J., Faiçal, B. S., Krishnamachari, B., & Ueyama, J. (2020). A Survey of Blockchain-Based Strategies for Healthcare. ACM Computing Surveys, 53(2), 1–27.
De Aguiar et al. (2020) contribute to the discussion of how blockchain technology can be integrated into healthcare by surveying recent literature on the topic. Healthcare is an information-intensive field, and the use of blockchain technology has the potential to improve data security and interoperability while also reducing costs. The authors survey several existing projects that have applied blockchain technology to healthcare, including electronic health records, clinical trial management, and drug supply chain management. They also identify several challenges that must be addressed for blockchain-based healthcare solutions to be successful, including the need for standardization and regulatory approval. The concept of blockchain is still new in healthcare. The survey by De Aguiar et al. (2020) is a good starting point for those who want to learn more about this topic. It provides an overview of existing projects and highlights the challenges that must be addressed for blockchain technology to be successfully applied to healthcare.
Dutta, P., Choi, T.-M., Somani, S., & Butala, R. (2020). Blockchain technology in supply chain operations: Applications, challenges, and research opportunities. Transportation Research Part E: Logistics and Transportation Review, 142, 102067.
Dutta et al. (2020) review the literature on the use of blockchain technology in supply chain operations. They identify several applications of blockchain technology in supply chain management, including tracking and tracing of goods, fraud detection, and contract management. They also identify several challenges that must be addressed for blockchain-based supply chain solutions to be successful, including the need for standards and interoperability. To understand how blockchain technology can be applied to the healthcare supply chain, the authors examined and analyzed 178 articles from different perspectives. They found that, currently, a few applications of blockchain technology have been piloted in the healthcare supply chain. The majority of these pilots are focused on tracking and tracing goods. The authors identify several challenges that must be addressed for blockchain-based healthcare supply chain solutions to be successful, including the need for standards and interoperability. Despite the challenges, the authors believe that blockchain technology has the potential to transform healthcare supply chain management.
Jing, R., Ma, Y., Zhang, L. & Hafeez, M. (2022). Does Financial Technology Improve Health in Asian Economies? Frontiers in Public Health, 10, 843379.
Jing et al. (2022) investigate whether financial technology (FT) can help improve health outcomes in Asian economies. The authors note that FT has the potential to help reduce financial barriers to healthcare, increase access to care, and improve health outcomes. However, they caution that there is still a lack of evidence about the impact of FT on health in Asian economies. The authors suggest that further research is needed to understand the potential benefits and risks of FT for health in these economies. Based on the data collected on the impact of FinTech on health outcomes in Asian economies over the period 2007–2019, the results of this study suggest that improvements in financial technology have contributed to better health outcomes in Asian economies. The findings of this study will be helpful for policy-makers when making decisions about the use of financial technology to improve health outcomes in their economies. This is a good starting point for those who want to learn more about how financial technology can help improve health outcomes in Asian economies. The study provides an overview of the potential benefits and risks of financial technology for health in these economies. However, more research is needed to understand the full impact of financial technology on health in these economies.
Koivusalo, M. T. (2018). Finance, data, and technology initiatives for non- communicable disease control. Bulletin of the World Health Organization, 97(2), 166– 168.
Koivusalo (2018) contributes to the discussion on the topic by providing an overview of finance, data, and technology initiatives for non-communicable disease control. The article discusses the role of government grants in financing the research and development of new medical technologies. It also describes how data can be used to improve the effectiveness of new medical technologies. The article discusses the importance of private investment in the successful adoption of such technologies. The author focuses on the focus areas when exploring the risks of finance, data, and technology initiatives. The study provides an overview of the potential benefits and risks of financial technology for health in these economies. However, more research is needed to understand the full impact of financial technology on health in these economies.
Lehoux, P., Miller, F., Daudelin, G. & Denis, J. (2017). Providing Value to New Health Technology: The Early Contribution of Entrepreneurs, Investors, and Regulatory Agencies. International Journal of Health Policy, 6(9), 509-518.
Lehoux et al. (2017) contribute to the topic by discussing the early contribution of entrepreneurs, investors, and regulatory agencies to new health technology. The authors note that these groups play an important role in the successful development and adoption of new medical technologies. They suggest that further research is needed to understand how these groups can best contribute to the success of new health technologies. The study was conducted for five years mainly focusing on the application and financing of various technology in Quebec’s (Canada) publicly funded healthcare system. Findings showed that, for new health technology to be successful, it requires the support of multiple stakeholders including entrepreneurs, investors, and regulatory agencies. The study provides an overview of the potential benefits and risks of financial technology for health in these economies.
Liaropoulos, L., & Goranitis, I. (2015). Health care financing and the sustainability of health systems. International Journal for Equity in Health, 14(1), 80.
Liaropoulos & Goranitis (2015) explore the topic of health care financing and the sustainability of health systems. They note that sustainable financing is essential for the long-term success of health systems. The authors discuss the importance of government investment in health care, private philanthropy, and user fees in ensuring the sustainability of health systems. The authors suggest that more research is needed to understand the role of financial technology in health care financing. The sustainability of health systems is essential for the long-term success of health care. Financial technology can play a role in ensuring the sustainability of health systems. The authors, therefore, provide important insights on financing health systems in the given context.
Meessen, B. (2018). The Role of Digital Strategies in Financing Health Care for Universal Health Coverage in Low- and Middle-Income Countries. Global Health: Science and Practice, 6(Supplement 1), S29–S40.
Meessen (2018) contributes to the topic by discussing how digital strategies can help finance healthcare for low- and middle-income countries. He states that “In recent years, there has been an increased interest in the use of digital technologies to support the financing of health care” (p. S29). He goes on to discuss how digital technology can be used to increase transparency and accountability in healthcare financing, as well as to increase access to healthcare services. The author provides several examples of how digital technology is being used to finance healthcare in low- and middle-income countries. Digital technology can help increase transparency and accountability in healthcare financing by making information more readily available. For example, the author discusses how the use of mobile phone technologies can help track medical expenditures and ensure that funds are being used appropriately. The study is important because it provides insight into how digital technology can be used to finance healthcare in low- and middle-income countries.
Meiling, L., Yahya, F., Waqas, M., Shaohua, Z., Ali, S. A., & Hania, A. (2021). Boosting Sustainability in Healthcare Sector through Fintech: Analyzing the Moderating Role of Financial and ICT Development. Inquiry: The Journal of Health Care Organization, Provision, and Financing, 58, 00469580211028174.
Meiling et al. (2021) contribute to the topic by exploring how fintech can help boost sustainability in the healthcare sector. They specifically focus on how financial and ICT development can moderate the relationship between fintech and sustainability. The authors note that Fintech has the potential to improve healthcare sustainability by reducing costs, increasing access to care, and improving the quality of care. They suggest that financial and ICT development can help facilitate the adoption of fintech in the healthcare sector. New technology comes with the challenge of financing and this study provides evidence that development can help to offset some of the costs. Additionally, ICT infrastructure is needed for fintech solutions to work most effectively. The authors conclude that fintech has the potential to improve healthcare sustainability, but that its success will be moderated by financial and ICT development.
Soni, M., & Singh, D. K. (2021). Blockchain-based security & privacy for biomedical and healthcare information exchange systems. Materials Today: Proceedings.
Soni & Singh (2021) develop a blockchain-based security and privacy framework for biomedical and healthcare information exchange systems. They argue that blockchain technology can provide a secure and efficient way to store and share data in the healthcare sector. Their framework includes a decentralized application (DApp) that allows users to create, edit, and deploy smart contracts. The DApp also includes a library of ready-made smart contracts that can be used to create new applications. The authors suggest that their framework could be used to create a variety of applications, including electronic health records, clinical trial management, and drug supply chain management.
Thimbleby, H. (2013). Technology and the future of healthcare. Journal of Public Health Research, 2(3), e28.
Thimbleby (2013) contributes to the conversation about healthcare technology by discussing the importance of technology in healthcare and how it can be used to improve patient care. He argues that new medical technologies are expensive and require a coordinated effort from many different groups to be successfully adopted. This is an important perspective because it highlights the need for cooperation between different stakeholders to ensure that new medical technologies are accessible to patients.
Till, B. M., Peters, A. W., Afshar, S., & Meara, J. (2017). From blockchain technology to global health equity: can cryptocurrencies finance universal health coverage? BMJ Global Health, 2(4), e000570.
Till et al. (2017) explore the potential of blockchain technology to finance universal health coverage (UHC). They argue that cryptocurrencies could be used to provide UHC in low- and middle-income countries, where traditional financing mechanisms are often inadequate. They suggest that blockchain-based UHC could be financed through a variety of mechanisms, including taxes on cryptocurrency transactions, voluntary donations, and the creation of new cryptocurrencies. They also identify several challenges that must be addressed for blockchain-based UHC to be successful, including the need for regulatory clarity and risk management.
Vassolo, R. S., Cawley, A., Tortorella, G. L., Fogliatto, F. S., Tlapa, D. & Narayanamurthy, G. (2021). Hospital investment decisions in healthcare 4.0 technologies: Scoping review and framework for exploring challenges, trends, and research directions. Journal of Medical Internet Research, 23(8), e27571.
Vassolo et al. (2021) provide an overview of the challenges and trends in hospital investment decisions for healthcare 4.0 technologies. They state that healthcare 4.0 technologies are those that exploit digitalization to support the delivery of health services and to promote healthy living and well-being. They go on to discuss the benefits of healthcare 4.0 technologies, as well as the challenges that hospitals face when investing in these technologies.
Visconti, R., & Morea, D. (2020). Healthcare Digitalization and Pay-For-Performance Incentives in Smart Hospital Project Financing. International Journal of Environmental Research and Public Health, 17(7), 2318.
Visconti & Morea (2020) argue that healthcare digitalization is essential for the success of pay-for-performance incentives in smart hospital project financing. They state that digital technologies can help healthcare organizations to improve the quality and efficiency of care, as well as to reduce costs. They go on to discuss how digital technology can be used to track and monitor the performance of healthcare providers and to provide data-driven feedback to help improve care quality. The study aimed at exploring the impact of healthcare digitalization on smart hospital project financing (PF) fostered by pay-for-performance (P4P) incentives. The authors analyzed a case study of digitalization in healthcare and PF under the P4P scheme. Findings suggest that healthcare digitalization is an important factor to consider when designing P4P incentives in smart hospital PF. The study provides evidence that supports the use of digital technology in smart hospital PF schemes to enhance the quality and efficiency of care, as well as to reduce costs.
References
Alolayyan, M. N., Alyahya, M. S., Alalawin, A. H., Shoukat, A., & Nusairat, F. T. (2020). Health information technology and hospital performance the role of health information quality in teaching hospitals. Heliyon, 6(10), e05040.
Amir, L. M., Hussain, K., Jhanjhi, N. Z., Nayyar, A., & Rizwan, O. (2020). A remix IDE: smart contract-based framework for the healthcare sector by using Blockchain technology. Multimedia Tools and Applications.
De Aguiar, E. J., Faiçal, B. S., Krishnamachari, B., & Ueyama, J. (2020). A Survey of Blockchain-Based Strategies for Healthcare. ACM Computing Surveys, 53(2), 1–27.
Dutta, P., Choi, T.-M., Somani, S., & Butala, R. (2020). Blockchain technology in supply chain operations: Applications, challenges and research opportunities. Transportation Research Part E: Logistics and Transportation Review, 142, 102067.
Jing, R., Ma, Y., Zhang, L. & Hafeez, M. (2022). Does Financial Technology Improve Health in Asian Economies? Frontiers in Public Health, 10, 843379.
Koivusalo, M. T. (2018). Finance, data, and technology initiatives for non-communicable disease control. Bulletin of the World Health Organization, 97(2), 166–168.
Lehoux, P., Miller, F., Daudelin, G. & Denis, J. (2017). Providing Value to New Health Technology: The Early Contribution of Entrepreneurs, Investors, and Regulatory Agencies. International Journal of Health Policy, 6(9), 509-518.
Liaropoulos, L., & Goranitis, I. (2015). Health care financing and the sustainability of health systems. International Journal for Equity in Health, 14(1), 80.
Meessen, B. (2018). The Role of Digital Strategies in Financing Health Care for Universal Health Coverage in Low- and Middle-Income Countries. Global Health: Science and Practice, 6(Supplement 1), S29–S40.
Meiling, L., Yahya, F., Waqas, M., Shaohua, Z., Ali, S. A., & Hania, A. (2021). Boosting Sustainability in Healthcare Sector through Fintech: Analyzing the Moderating Role of Financial and ICT Development. Inquiry: The Journal of Health Care Organization, Provision, and Financing, 58, 00469580211028174.
Soni, M., & Singh, D. K. (2021). Blockchain-based security & privacy for biomedical and healthcare information exchange systems. Materials Today: Proceedings.
Thimbleby, H. (2013). Technology and the future of healthcare. Journal of Public Health Research, 2(3), e28.
Till, B. M., Peters, A. W., Afshar, S., & Meara, J. (2017). From blockchain technology to global health equity: can cryptocurrencies finance universal health coverage? BMJ Global Health, 2(4), e000570.
Vassolo, R. S., Cawley, A., Tortorella, G. L., Fogliatto, F. S., Tlapa, D. & Narayanamurthy, G. (2021). Hospital investment decisions in healthcare 4.0 technologies: Scoping review and framework for exploring challenges, trends, and research directions. Journal of Medical Internet Research, 23(8), e27571.
Visconti, R., & Morea, D. (2020). Healthcare Digitalization and Pay-For-Performance Incentives in Smart Hospital Project Financing. International Journal of Environmental Research and Public Health, 17(7), 2318.