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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At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
