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Economic Policies for Sustainable Healthcare: A Comparative Analysis of Telemedicine in Europe

In: Sustainability Development through Green Economics

Author

Listed:
  • Adriana AnaMaria Davidescu
  • Eduard Mihai Manta
  • Ioana Birlan

Abstract

Purpose:This study investigates the role of telemedicine in sustaining healthcare systems in Europe, during the COVID-19 pandemic. It focusses on how telemedicine serves as a strategic response to modern healthcare challenges, emphasising its efficiency, accessibility, and patient-centred nature. Need for the study:The need for this study arises from the escalating demands on healthcare systems, especially during the COVID-19 pandemic. It aims to understand the adoption of telemedicine practices across European Union (EU) countries and their impact on healthcare sustainability. Methodology:This study employs hierarchical and K-Means clustering to analyse EU citizens’ attitudes towards teleconsultations during COVID-19. Principal component analysis (PCA) is used for data compression and insight extraction. Data is sourced from Eurofound’s 2020 and 2021 surveys, involving extensive participant responses across the EU. Findings:The study’s findings reveal significant shifts towards digital healthcare solutions, such as an increase in online consultations and prescriptions. It identifies different patterns of telemedicine use across EU countries, influenced by socioeconomic and geographical factors. These findings offer insights into future healthcare policy and strategy development. Practical implications:The findings provide valuable insights into the shifts in telemedicine adoption in the EU, highlighting the significance of economic and sociological factors in healthcare trends. This study stresses the importance of customising healthcare strategies to suit the unique needs and digital capabilities of different countries.

Suggested Citation

  • Adriana AnaMaria Davidescu & Eduard Mihai Manta & Ioana Birlan, 2024. "Economic Policies for Sustainable Healthcare: A Comparative Analysis of Telemedicine in Europe," Contemporary Studies in Economic and Financial Analysis, in: Sustainability Development through Green Economics, volume 114, pages 191-217, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-375920240000114012
    DOI: 10.1108/S1569-375920240000114012
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    More about this item

    Keywords

    Telemedicine; healthcare sustainability; economic policies; digital healthcare; COVID-19 pandemic; European Union; cluster analysis; I11; I12; I18; L86;
    All these keywords.

    JEL classification:

    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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