Even if a hospital succeeds in cutting readmissions, it could still experience steep financial penalties from the Centers for Medicare & Medicaid Services, according to a new report by the Altarum Institute's Center for Elder Care and Advanced Illness.
Despite many hospital's efforts to reduce readmissions, penalties for excessive readmissions reached an all-time high this year. The Centers for Medicare & Medicaid will levy fines to 2,610...
For decades, hospitals have tried to reduce the average length of patient stay, concluding the longer a patient occupied one of their beds, the higher costs for treating them rose. However, a new study by Columbia University's business school has found that patients who stay in the hospital longer--by one day--have lower costs and better outcomes.
Medicare may penalize many hospitals for patient readmissions due to circumstances that are beyond their control, accor ding to Forbes contributor Peter Ubel.
Hospitals in health systems across Illinois that participate in the state Hospital Engagement Network prevented 15,887 patient harm incidents since 2012, saving more than $160 million, according to the Illinois Hospital Association.
Hospitals already face federal financial penalties for rea dmission of discharged patients. But some states tack on even more fines
Medicare's 2014 comprehensive measure of hospital readmissions show that 364 hospitals across the country, in states such as Illinois, Maryland, Massachusetts, New Jersey, New York and Rhode Island have higher hospital readmission rates than the national average.
Although the Centers for Medicare & Medicaid Services boasts of patient safety improvements through its Partnership for Patients program, an opinion piece in the New England Journal of Medicine questions whether the initiative actually improved patient care.
Patients admitted to a hospital for heart failure are significantly more likely to be readmitted within six months of discharge if they reside in a neighborhood with a low socioeconomic status, according to a study in the most recent issue of the journal Circulation.
Hospitals and hospital systems in Illinois banded together to form an engagement network and saved more than $132 million by improving the quality of care, according to an announcement from the Illinois Hospital Association.