The Importance of Economics for Health Care LeadersPrior to engaging in this discussion, be sure to review the Chapters 1 and 2 in the text as well as any relevant Instructor Guidance. It is suggested that you also review the recommended articles to glean any helpful information. In the present paradigm, it has become evident that operational leaders and strategic leaders in health care must be able to appraise how economics impacts health care in the United States. Furthermore, it is critical successful leaders to possess an understanding of the variables and nuances that shape how supply and demand in this heavily regulated industry so they may observe trends and opportunities that lead to a functional organizational system.Imagine that you are a manager running a unit in a rehabilitation center. Up to this point, your primary population of payers has been elderly patients who come into the center for physical therapy. Recently, there has been a demographic shift in the community. A large number of your primary population has moved out of the area or died, which has caused a shift in your revenues. You have been tasked by your director to illustrate the cost and revenue numbers relative to insurance payouts to ensure that your cost does not exceed your revenue. Drawing on your current professional expertise and understanding drawn from the required resources for this week, create an initial post in which you communicate how the potential payer mix relates economically to changing demographics in your given community. What potential solutions would you suggest to your director that might overcome the demographic shift? Analyze economic theories that are germane to your provision of services and identify one theory that might apply to this specific situation.

IMAGES OF ECONOMIC GROWTH: HANS ROSLING'S 200 COUNTRIES OVER 200 YEARSFirst, access the video under the "READINGS, VIDEOS, ARTICLES and PRESENTATIONS" folder under the Course Content tab. Locate the Module 3 subfolder.What did you learn from watching Hans Rosling's 5-minute video about changes in the health and wealth of countries over the past 200 years? Are all countries becoming healthier and wealthier? Who is surging ahead? Who is lagging behind? What are your conjectures about why this is the case? What would you suggest for the countries that are lagging behind the rest of the world?In order to receive full credit for this discussion, you need to post a substantive answer of at least 50 words that explains what you learned from the video and how the video can be used to illustrate the importance of economic growth.Please change the title of your response to reflect the main idea in the sentences that you post.THIS IS ONE OF FOUR DISCUSSION BOARDS REQUIRED FOR MODULE 3.  Be sure to also participate in the discussion boards about (1) the Material World photos, and (2) the Hungry Planet photos.Readning and ResourcesBade & Parkin (2015): Chapter 5 & Chapter 9Websites and Video:Please make sure you visit these websites/video listed below:The Bureau of Economic Analysis http://www.bea.govThe National Bureau of Economic Research http://www.nber.org/cycles/recessions.htmlHealth and Economic Growth around the World http://youtu.be/CIPx5FSUh9s (Download Transcript Here)