Page 91 - GHES-3-3
P. 91
Global Health Economics and
Sustainability
Global health care during COVID-19
management practices are being adopted in the healthcare 6. Healthcare system transformations post-
sector to address the financial issue created by the COVID- COVID-19
19 threat (Mondal & Munshi, 2023).
The global pandemic situation of COVID-19 led to a
COVID-19 has had a profound impact on both human critical shortage of essential healthcare resources, including
lives and the global economy. The highly interconnected diagnostic kits, drugs (inventories), and fundamental
nature of the global financial system generated significant healthcare infrastructure. This unprecedented period had a
turbulence during the pandemic. The crisis disrupted negative effect on the socioeconomic system. Policymaking
international supply networks and disproportionately efforts toward technology-associated models that aligned
affected countries with large populations, inadequate with robust medical infrastructure were predicted to
healthcare facilities, low socioeconomic conditions, limited yield better outcomes in the prevention and treatment of
sanitary facilities, and housing shortages. Lockdowns COVID-19. Strategically implemented, technologically
severely disrupted daily life, particularly for those advanced healthcare frameworks, integrating both
from economically poor backgrounds. COVID-19 has conventional biomedical approaches and cutting-edge
hampered financial growth by increasing unemployment digital or virtual technologies, proved instrumental for
and food scarcity, thereby creating economic tensions and early diagnostic tools and infection control. In light of the
macroeconomic concerns (Rasul et al., 2021). The COVID- pandemic, an enhanced healthcare model has been proposed,
19 pandemic has been the most devastating phenomenon serving as a source of technical support, medical guidance,
of the past decade, causing widespread socioeconomic and standardized care. The model promotes good hygiene,
complications. The rising number of hospitalized patients social distancing, and contactless behavioral practices.
has placed immense pressure on healthcare systems, Effective health care depends on proactive initiatives across
exposing vulnerabilities such as unexpected demand surges research, technology, and management aspects, particularly
and resource shortages. Leite et al. (2020) emphasized that in the areas of public health, patient care, technological
healthcare organizations, practitioners, and governments advancement, and policy influence. The implementation
should anticipate the operational and economic implications of such practices is anticipated to strengthen diagnostic
and evaluate their strategies to manage such unfavorable capabilities and infection control mechanisms, contributing
occurrences before the condition worsens. to healthier societies (Mishra et al., 2021).
The economic crisis has resulted in decreased GDP, During the pandemic, managing the overwhelming
higher unemployment, and increased economic pressure, influx of patients in COVID-19 care centers posed
making access to healthcare services more difficult for significant challenges. In addition, the emergence of new
many people. Several factors have made it simpler for SARS-CoV-2 variants with the potential to evade immune
some countries to properly respond to crises, mitigating detection and compromise vaccine efficacy intensified global
their negative impacts before they escalate. As a result, health uncertainties. Total Interpretive Structural Modeling
the healthcare system has been directly impacted by the (TISM) has proven effective in identifying the key factors
economic situation of society. The implications of economic influencing the responsiveness of COVID-19 care systems.
concerns for healthcare sustainability are substantial. Multi-tasking and proper decision-making, technological
While the association between economic uncertainty and adoption, innovative paradigms, and cost-efficiency were
healthcare outcomes is complicated, it is obvious that global recognized as influential factors (Suresh et al., 2021).
and regional financial concerns have a significant influence
on the health sector. European regional medical traditions To minimize casualties during the COVID-19
demonstrate that appropriate and economically sustainable pandemic, it became essential to establish specialist
health systems are achievable, and they serve as a model hospitals with the necessary resources and life-saving
for developing international and regional health systems infrastructure to manage infected patients. One of the
without compromising service quality (Pettoello-Mantovani primary challenges faced was the overwhelming number
et al., 2016). Experience and resources are necessary for of patients requiring hospitalization, often exceeding the
attaining high-end global health care, but a new paradigm capacity of existing healthcare facilities. In many regions,
for improved development, security, and human rights is the distribution of hospitals did not align with population
also required. New scientific techniques can particularly density, exacerbating the strain on healthcare systems.
help to establish higher-quality healthcare systems. Among the most urgent needs was the creation of isolation
However, several aspects impact global health, such as rooms for critically ill patients (Mondal & Munshi, 2023).
equality in society, the economic situation, and the growing Given the scarcity of resources to accommodate the large
socialization of healthcare production (Benatar et al., 2011). number of patients, entire COVID-19 patient facilities were
Volume 3 Issue 3 (2025) 83 https://doi.org/10.36922/ghes.8492

