How does the implementation of innovation affect the economic performance of hospitals?
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The implementation of innovation in hospitals can positively impact their economic performance. Innovation, when integrated with quality management, leads to improved organizational sustainability, including economic impacts . Hospitals that invest in community health equity through innovative initiatives can strengthen their financial performance and reputation, benefiting both the hospital and the community at large . Successful deployment of innovations across healthcare institutions requires strategic adaptations, such as reconfiguring the environment and utilizing digital tools, resulting in more efficient processes and improved patient management, ultimately enhancing economic outcomes . Additionally, supporting innovation activities in hospitals has been found to have a significant moderate relationship with competitive strategies, indicating a positive influence on economic performance .
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| Papers (5) | Insight |
|---|---|
1 Citations | Implementing community-centered innovation in hospitals can enhance economic performance by reducing health disparities, strengthening organizational culture, and improving reputation, as highlighted in the research. |
| Implementing innovation in hospitals positively impacts economic performance by enhancing processes, introducing new products/services, improving efficiency, and ultimately boosting overall performance, as indicated in the study. | |
| Implementing enhanced recovery after surgery programs institution-wide enhances economic benefits by optimizing resources, reducing bed and unit needs, and maintaining quality care, leading to improved hospital economic performance. | |
| The implementation of innovation in healthcare positively impacts economic performance by enhancing organizational sustainability through Total Quality and Innovation Management in Healthcare (TQIM-H) framework. | |
| Not addressed in the paper. |
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