Within the Discussion Board area, write 400 – 600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.There have been some major developments in the health care industry with the evolution of managed care, patient-centered care, electronic medical records, medical necessity, stronger rules and regulations, and government intervention. You are fairly new at your job, so you have been asked to identify and review the federal regulations that impact (or have impacted) the financial management of the hospital and clinic.Complete the following for this Discussion Board assignment:Choose 3 of the major developments in health care history to discuss.List the year and the event, and then summarize how you think this event has impacted the health care industry today.Note:You must provide citations from your research.Secondary posts should expand on the event and how it has impacted health care.