Mini-Paper 2 Assess a firm of your choice and the way it is organized internationally in order to exploit global or regional advantages yet remain responsive to local conditions. Identify the firm you...

Hospice Industry
Introduction
Aging population and increasing chances of critical illness has created high growth potential for
the Hospice Industry, which facilitates palliative care services to patients suffering from life
ending illness. Hospice industry’s services consists agony management and symptom respite,
which helps in easing the afterlife of patients having critical illness rather than facilitating
treatment for same. This industry not only helps in making the life easy for the people having life
ending diseases, but also helps in minimizing the cost made on the Medicare services to these
patients.
The industry which has been initiated with morally non-profit business model has
generated a scope of lucrative trade business model around the national and international
economic sphere.
Organizational and Operational Structure
Hospice and Palliative care organizations usually operates in two different kinds of
organizational or operational structure, such as non-profit and for-profit organizations. Also there
exists wide variety in forms, size and scope of such hospice care centers, which may either exist
in form of small voluntary community based hospices care centers, to that of the part of medium
or large sized multinational companies or hospital or healthcare system fragments.
In several surveys regarding the composition of hospice care centers it has been found
that in 2008 the ratio of self regulated hospice centers, hospital operated hospice centers and
home health maintenance based hospice centers occurs to be in 6:2:2 form. From that in overall
Hospice and Palliative care industry major portion are comprised self managed or public
organizations. These organizations usually considered to be taking services of specialists and
professionals on voluntary basis, as part of social service.
International Exposure to Hospice Industry
As the concept of Hospice industry has been founded in USA in 1963 and major events
related to hospice and palliative care remain focused towards USA and its surrounding nations.
One of the major reasons for such concentrated and limited efforts of global expansion of
Hospice care services that in most of the countries the basic health care system is itself are not...