CMS gives hospitals maximum penalties to curb readmissions

11/26/2012 | New York Times (tiered subscription model), The

Medicare is taking the maximum 1% penalty from 307 of 2,217 hospitals identified as having readmission rates that are too high as part of the Affordable Care Act's push to rein in Medicare spending increases and prevent unneeded care. The loss for Barnes-Jewish Hospital in St. Louis could total $2 million this year, and Chief Medical Officer Dr. John Lynch said the hospital can accept that loss in the short term, but losses "will probably take resources away from other key patient programs" if they continue.

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