Revolutionizing healthcare: Unveiling China's healthcare efficiency quest and path to progress

Social healthcare expenditure is a crucial component of global healthcare expenditure. Unlike government investment, the efficiency of social-level investment encounters more problems and challenges. Using China as an example, this study examines the efficiency of both social and governmental healthcare investments, revealing the primary challenges facing social healthcare expenditure. The findings indicate that despite significant investment growth, inefficiencies persist due to resource duplication and misallocation. Additionally, declining technological progress has resulted in lower productivity, underscoring the urgent need for innovation. This study emphasizes the necessity of accelerating technological advancements to enhance the efficiency of social healthcare investments, improve resource utilization, and ensure the equitable distribution of healthcare resources nationwide.