The Convergence of Fintech and Green Finance, Digital Financial Solutions for Hospital Sustainability
DOI:
https://doi.org/10.47747/icbem.v3i1.3268Keywords:
Financial Technology, Green Finance, Digital Solutions, Hospital SustainabilityAbstract
The implementation of green financial technology and financing in hospitals requires a comprehensive strategic approach to maximize the positive impact on institutional sustainability A comprehensive study of the convergence of financial technology and green financing confirms the strategic potential of integrating these two dimensions in strengthening the sustainability of hospital operations. Digital transformation in healthcare sector has opened strategic opportunities to integrate financial technology with green finance to achieve hospital operational sustainability. This research analyzes the convergence between financial technology and green finance in the context of healthcare institutional sustainability through comprehensive library research approach. The research method involves systematic analysis of academic literature from reputable databases focusing on publications from 2021 to 2025. The inclusion criteria set include to ensure the relevance and up-to-date of information, articles published in indexed and reputable journals, as well as studies that explicitly address financial technology, green finance, or sustainability in the health sector Findings indicate that digital financial technology provides positive contribution to economic sustainability of healthcare institutions through operational efficiency improvement and financing access facilitation. The synergy between green finance and financial technology creates financial ecosystem that drives sustainable transformation with amplificative impact on achieving triple bottom line objectives. Determinants of financial technology adoption are influenced by perceived ease of use, trust, facilitative conditions, and adequate digital infrastructure. Effective implementation requires adaptive regulatory framework, information-communication technology infrastructure investment, and inter-institutional collaboration. This research provides strategic recommendations for policymakers and healthcare practitioners in adopting. digital financial solutions that support long-term sustainability with holistic approach integrating economic, environmental, and social dimensions in sustainable healthcare delivery ecosystem.
References
Bocean, C. G., & Vărzaru, A. A. (2025). Health status in the era of digital transformation and sustainable economic development. BMC Health Services Research, 25(1). https://doi.org/10.1186/s12913-025-12498-y
Dai, X., Wu, J., Fan, S., & Zhou, Y. (2024). Advancing economic sustainability in E7 economies: the impact of green finance, environmental benefits, and natural resource management. Frontiers in Environmental Science, 12(January), 1–14. https://doi.org/10.3389/fenvs.2024.1509564
Fragão-Marques, M., & Ozben, T. (2023). Digital transformation and sustainability in healthcare and clinical laboratories. Clinical Chemistry and Laboratory Medicine, 61(4), 627–633. https://doi.org/10.1515/cclm-2022-1092
Hasan, M., Hoque, A., Abedin, M. Z., & Gasbarro, D. (2024). FinTech and sustainable development: A systematic thematic analysis using human- and machine-generated processing. International Review of Financial Analysis, 95(PC), 103473. https://doi.org/10.1016/j.irfa.2024.103473
Hassan, M. S., Islam, M. A., Sobhani, F. A., Hassan, M. M., & Hassan, M. A. (2022). Patients' Intention to Adopt Fintech Services: A Study on Bangladesh Healthcare Sector. International Journal of Environmental Research and Public Health, 19(22). https://doi.org/10.3390/ijerph192215302
Janssens, U. (2024). Functional hemodynamic monitoring. In Medizinische Klinik - Intensivmedizin und Notfallmedizin (Vol. 119, Issue 8, pp. 614–623). https://doi.org/10.1007/s00063-024-01190-4
Jing, R., Ma, Y., Zhang, L., & Hafeez, M. (2022). Does Financial Technology Improve Health in Asian Economies? Frontiers in Public Health, 10(February). https://doi.org/10.3389/fpubh.2022.843379
Kesavan, V., & Polisetty, A. (2025). An extensive examination of the influence of financial technology (Fintech) on advancing financial inclusion: a bibliometric investigation. In Discover Sustainability (Vol. 6, Issue 1). Springer International Publishing. https://doi.org/10.1007/s43621-025-00823-8
Macchiavello, E., & Siri, M. (2020). Sustainable Finance and Fintech: Can Technology Contribute to Achieving Environmental Goals? A Preliminary Assessment of 'Green FinTech''.' SSRN Electronic Journal, 71. https://doi.org/10.2139/ssrn.3672989
Meiling, L., Yahya, F., Waqas, M., Shaohua, Z., Ali, S. A., & Hania, A. (2021). Boosting Sustainability in Healthcare Sector through Fintech: Analyzing the Moderating Role of Financial and ICT Development. Inquiry (United States), 58. https://doi.org/10.1177/00469580211028174
Rizwana, Z. A., Adillah, M., Anggrayni, V., Rosalia, T., Alfandito, M. Z., & Purwanto, E. (2025). The economic impact of fintech adaptation on sustainable banking performance: The role of green finance and innovation in Indonesia. Journal of Economics Research and Policy Studies, 5(1), 37–59. https://doi.org/10.53088/jerps.v5i1.1454
Shukla, R., Bagotia, H., Satish, P., Kamath, H. S., Chatterjee, S., Savariah, D., Kaulgud, V., Gobburi, H., & Acharya, S. (2025). Fintech and healthtech synergism: Pioneering a digital healthcare revolution for accessible, affordable, and effective patient-centered care. Journal of Family Medicine and Primary Care, 6(2), 169–170. https://doi.org/10.4103/jfmpc.jfmpc
Snyder, H. (2019). Literature review as a research methodology: An overview and guidelines. Journal of Business Research, 104(March), 333–339. https://doi.org/10.1016/j.jbusres.2019.07.039
Wu, B., Ding, Y., Xie, B., & Zhang, Y. (2024). FinTech and Inclusive Green Growth: A Causal Inference Based on Double Machine Learning. Sustainability (Switzerland), 16(22). https://doi.org/10.3390/su16229989
Zaid, M. A. K., Khan, M. F., Al-Mekhlafi, A. W. A. G. S., Al Koliby, I. S., Saoula, O., Saeed, H. A. E. M., & Mohammad, R. A. (2025). The future of green finance: how digital transformation and FinTech drive sustainability. Discover Sustainability, 6(1). https://doi.org/10.1007/s43621-025-01356-w
