Payments to hospices from Medicare can be characterized as having reached the fourth stage of a typical financial reimbursement cycle: total cost control through global budgets.

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The market for hospice services seems to be at an expansion stage right now, incentivized to a great extent by the Medicaid reimbursements based on administered prices. It will reach the fourth stage of a typical financial reimbursement cycle only when the growth will be moderated through stricter reimbursement mechanisms, such as global budgets.

Payments to Hospices from Medicare Can Be Characterized as Having