Hospitals are in the midst of a readmission crisis. When CMS announced its first round of penalties at the start of fiscal year 2013, more than 2,200 hospitals were hit with cuts ranging from 0.01 to 1 percent of their Medicare revenue which could translate up to seven-figures per facility. Medicare’s penalty for excess readmissions will climb to 3% by 2015, leaving little time for hospitals to develop and implement processes and programs that will lower their 30-day readmission rates and preserve their revenue streams. In this white paper, TeamHealth shares proven tactics that have helped keep clients’ readmission rates 48% below the national average, saving hospitals millions of dollars.
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