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TeachMeFinance.com - explain Hospital Market Basket Hospital Market Basket The term 'Hospital Market Basket ' as it applies to the area of Medicare in the United States can be defined as ' The cost of the mix of goods and services (including personnel costs but excluding nonoperating costs) comprising routine, ancillary, and special care unit inpatient hospital services'. Previous 5 Terms: Hospital Coinsurance Hospital Indemnity Insurance Hospital Input Price Index Hospital Insurance Hospital Insurance (Part A) Next 5 Terms: Hospital Outcome of Care Measures Hospital Process of Care Measures Hospitalist host Host government About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.