Economic Realizations in Health Care

Provide your thoughts on the following: 1. In your opinion, think of several types of social or policy changes that you think would impact your community and increase the demand for healthcare services. Explain why you surmise these changes would increase demand, and why for your particular community. 2. Now applying your readings… Supply, demand, and forecasting the needs of patients to meet the demand, and pricing these needs, can become a dynamic concept. As managers, we are constantly looking at costs, estimating what products or services our patients demand, and make decisions on how we can meet those demands while continuing to make a profit. Through the readings and further research from the Excelsior library, narratively integrate the following questions into your post (No Q & A, please). Include options for different facilities. • o Why are elasticities useful for managers? o Why would the presence of seasonal effects be important? o If retail clinics and urgent care centers continue to expand, how will they affect the market equilibrium? Your health care organization? o How would you plan to meet the supply and demand of your community? o Based on your answer above, identify two forecasting tools you may use effectively within your organization Reference Lee, R. (2020). Economics for healthcare managers (4th Ed.).