Description of Subtheme:
This subtheme within the Faculty of Business Administration focuses on leveraging insights from Environmental Business and Economics to enhance efficiency in the healthcare industry. Researchers in this field analyze the impact of economic activities on the environment and explore ways to achieve a balance between economic development and environmental quality. By developing economy-environment models and addressing environmental issues within an economic welfare framework, they aim to identify effective strategies for tackling pollution while promoting economic efficiency and welfare.
Key areas of focus include managing scarce resources and addressing market failures related to property rights and ethical considerations in pollution-related issues. Researchers examine the rational use of resources such as fisheries, forests, fossil fuels, and water, considering both economic and environmental values. They advocate for the adoption of appropriate and clean technologies to optimize resource usage, energy efficiency, and environmental protection in the healthcare sector.
This interdisciplinary field integrates various disciplines such as biology, ecology, physical sciences, ethics, and mainstream economics to address environmental challenges and enhance efficiency in the healthcare industry.
By incorporating health economics into the subtheme of "Enhancing Efficiency in the Healthcare Industry," researchers can analyze the economic implications of various strategies, policies, and interventions. This interdisciplinary approach allows for a comprehensive understanding of the economic factors influencing healthcare efficiency, sustainability, and equitable access to quality care. It provides a foundation for evidence-based decision-making and the development of innovative solutions that optimize resource utilization, improve health outcomes, and contribute to sustainable development in the healthcare sector.
Health economics contributes to assessing the economic value and impact of healthcare interventions, including preventive measures, screening programs, and healthcare technologies. It helps determine the most cost-effective interventions and provides evidence to support decision-making, resource allocation, and policy development.
By incorporating health economics into the research focus, it brings a unique perspective that considers the economic aspects of healthcare delivery, resource allocation, and decision-making processes. Health economics provides valuable insights into the efficient allocation of limited resources within the healthcare industry. It helps researchers understand how to optimize the allocation of healthcare resources, such as funding, personnel, and technology, to achieve maximum health outcomes while considering cost-effectiveness and sustainability. Health economics enables the evaluation of healthcare interventions, technologies, and policies in terms of their costs and benefits.
Research Action Plan:
Develop strategies for enhancing efficiency in healthcare delivery, explore ways to integrate environmental considerations into healthcare practices, and promote the adoption of sustainable practices in the healthcare sector. Evaluating the Economic Impact of Healthcare Policies.
This subtheme aligns with SDG 3 (Good Health and Well-being), SDG 12 (Responsible Consumption and Production), and SDG 13 (Climate Action).
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