This is the first year of the readmission program. Penalties ranged from 0.01 percent to the maximum 1 percent of base Medicare reimbursements. In total, 278 hospitals will lose the maximum 1 percent, including well-known institutions such as Florida Hospital Orlando, University of Miami Hospital, Beth Israel Deaconess Medical Center in Boston, Tufts Medical Center in Boston, Henry Ford Hospital in Detroit, Barnes-Jewish Hospital in St. Louis, Montefiore Medical Center in Bronx, N.Y., and others.
KHN‘s analysis showed that hospitals in New Jersey, New York, the District of Columbia, Arkansas, Kentucky, Mississippi, Illinois and Massachusetts will be penalized the most, and safety-net hospitals that care for the poor will also have higher rates of Medicare penalties, according to the report.
Starting in October 2013, the maximum penalty will increase to 2 percent of base Medicare reimbursements, and it will be capped at 3 percent in October 2014.
To view all of the hospitals that will face Medicare readmissions penalties, click on KHN‘s spreadsheet here (pdf).
More Articles on Readmissions Reduction Program:
Are You Ready for the New Era of Driving Value in Medicare?
CMS’ FY 2013 IPPS Final Rule: 9 Observations
What Hospitals are Doing to Prepare for Medicare Readmission Penalties
