Title The impact of business management models on healthcare innovation /
Translation of Title Verslo valdymo modelių įtaka sveikatos priežiūros inovacijoms.
Authors Vaičiulytė, Eglė
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Pages 86
Keywords [eng] Business management model, healthcare, innovation, Lean, TQM, Six Sigma, Agile.
Abstract [eng] The problem – the existing literature on business management models in the healthcare sector is limited, which poses a challenge to fully understand their impact on innovation in healthcare. The objective of the study is to contribute to the academic and practical understanding of the impact of business management models in fostering innovation processes in the healthcare sector, thereby creating a new framework that optimizes organizational capabilities in healthcare innovation. The tasks are: 1. To systematically analyse relevant literature and compare different business management models promoting innovation processes in the healthcare sector; 2. Based on the findings of the literature review and case studies analysis, to assess the impact of business management models on healthcare innovation; 3. To develop a conceptual framework that provides insights into its practical applicability as a comprehensive innovation management system in the dynamic healthcare industry. Research methods: the study applied literature research methodology and case studies analysis as research methods to develop a conceptual framework promoting innovation processes in healthcare. Results: a systematic analysis based on the current literature and different case studies was conducted, leading to the creation of a conceptual framework to promote healthcare innovation. Conclusions: 1. Each business management model has its advantages and limitations which require careful consideration of contextual factors. Lean management is characterised by efficiency and quality, Total Quality Management (TQM) is known for its continuous improvement, Six Sigma excels at achieving zero defects, and Agile management at rapid adaptability. To drive innovation and improve patient outcomes, healthcare organizations should adopt a customized approach to healthcare management. 2. The right business management model depends on the specific needs of each healthcare organization. This tailored approach can improve performance and drive innovation, leading to better patient outcomes and higher quality of care. 3. The Integrated Healthcare Innovation Model (IHIM) framework provides a roadmap for healthcare organizations to drive healthcare innovation processes by integrating innovation into high-quality patient care. It empowers employees, which increases job satisfaction and retains talented professionals, emphasizes the need to align short-term performance goals with long-term innovation goals, recommends implementing reward systems to recognize innovative organizational efforts, and highlights the importance of fostering agile leadership, especially in times of change or during the crisis. Recommendations for healthcare organizations: 1. Adopt a comprehensive approach; 2. Focus on patient-centred innovation; 3. Promote a continuous learning culture; 4. Ensure leadership engagement; 5. Empower healthcare professionals; 6. Optimize resources; 7. Implement reward and recognition systems; 8. Balance short-term and long-term goals; 9. Rely on adaptive leadership; 10. Implement crisis management with agility.
Dissertation Institution Vilniaus universitetas.
Type Master thesis
Language English
Publication date 2024