In addition, the Centers for Medicare & Medicaid Services is looking at expanding
readmission penalties to include other diagnoses such as chronic obstructive pulmonary disease (COPD), and knee and hip replacements.
And the penalties worked — more than half of U.S. hospitals reduced their early
readmission penalty in less than a year.
Not exact matches
The decline in
readmissions represents cost savings of $ 262,500 in
penalties — Johns Hopkins doesn't receive Medicare reimbursements for patient
readmissions.
In the U.S., one in five Medicare patients is readmitted to a hospital each year at an estimated cost of $ 17.5 billion annually.i To reduce this impact, the Affordable Care Act (ACA) has introduced hospital
penalties based on
readmissions conditions that commonly affect patients aged 65 and older — including acute myocardial infarction, congestive heart failure and pneumonia.i
Checking back into the hospital within 30 days of discharge is not only bad news for patients, but also for hospitals, which now face financial
penalties for high
readmissions.
Financial
penalties for
readmission have been expanded beyond medical conditions to include surgical procedures.
«If nothing is done to try and curb CDI rates, healthcare systems may stand to face financial
penalties because of high rates of hospital - acquired CDI and CDI - related
readmissions for CMS - reportable conditions,» said Dr. Chopra.
Hospitals nationwide are seeking to improve physicians» communication with patients, especially as they face financial
penalties for
readmissions.