IHP 620 10-2 Reflection Journal

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School

Southern New Hampshire University *

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Course

620

Subject

Economics

Date

May 2, 2024

Type

docx

Pages

4

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1 Reflection Journal: Healthcare Economics Applied IHP 620 Southern New Hampshire University Belkisa Alic April 30, 2024
2 Understanding the interconnectedness between economics, legislative changes, and healthcare policies is crucial for comprehending the dynamics of healthcare delivery systems. In the context of the paper focusing on Lurie Children's Hospital, the CHIP program, and legislative changes, we can observe how economic factors influence policy decisions and subsequently impact healthcare delivery. Economics plays a significant role in shaping healthcare policies. For instance, the availability of funding through programs like CHIP affects the accessibility of healthcare services for children. Legislative changes, such as alterations to healthcare reimbursement mechanisms or insurance regulations, directly impact the financial viability of healthcare institutions like Lurie Children's Hospital. These findings have direct implications for healthcare professionals, highlighting the need for proactive engagement in shaping economic legislation to ensure the sustainability and quality of healthcare services. These changes can influence the hospital's ability to provide quality care, invest in facilities and technology, and retain skilled staff. The relationship between economics, legislative changes, and policies in healthcare underscores the importance of proactive engagement in shaping economic legislation. As individuals or organizations within the healthcare industry, healthcare professionals influence policymaking. By staying informed about economic trends and proposed legislative changes, they can advocate for policies prioritizing patient care, equitable access, and sustainable funding for healthcare institutions. This active involvement can significantly impact the direction and outcomes of healthcare policies. Once we are informed and stay intune to all changes, joining professional associations related to healthcare management, policy, or economics provides a platform to collaborate with peers, share insights, and collectively advocate for policy reforms that benefit the industry. By building relationships with lawmakers and policymakers, healthcare stakeholders can provide
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