Saturday, December 4, 2021
News for Retirees


Cincinnati space hospitals punished by Medicare for prime readmissions

Share this…FacebookPinterestTwitterLinkedin The federal authorities’s effort to penalize hospitals for extreme affected person readmissions is ending its first decade with…

By Staff , in Medicare , at November 1, 2021



The federal authorities’s effort to penalize hospitals for extreme affected person readmissions is ending its first decade with Medicare chopping funds to almost half the nation’s hospitals, together with 18 within the Cincinnati area. This system, created by the Inexpensive Care Act, has proven a discount in readmissions with out boosting affected person deaths.

In its tenth annual spherical of penalties, Medicare is decreasing its funds to 2,499 hospitals, or 47% of all services. The typical penalty is a 0.64% discount in fee for every Medicare affected person keep from the beginning of October by September 2022. The fines might be heavy, averaging $217,000 for a hospital in 2018, in line with Congress’ Medicare Fee Advisory Fee, or MedPAC.

Medicare estimates the penalties over the subsequent fiscal yr will save the federal government $521 million. Thirty-nine hospitals acquired the utmost 3% discount, and 547 hospitals had so few returning sufferers that they escaped any penalty.



Source link

Skip to content