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TeachMeFinance.com - explain Inpatient Prospective Payment System (IPPS) Inpatient Prospective Payment System (IPPS) The term 'Inpatient Prospective Payment System (IPPS)' as it applies to the area of hospitals can be defined as 'Hospitals that have contracted with Medicare to provide acute inpatient care and accept a predetermined rate as payment in full'. About the author
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