The Dartmouth Atlas study, released today, reveals an expensive lack of progress on reducing hospital re-admission rates:
The readmission rate to a hospital is increasingly seen as a marker of a local health care system’s
ability to coordinate care for patients across care settings, and readmissions are often a sign of
inadequate discharge planning and the lack of effective community-based care. CMS has
estimated the cost of avoidable readmissions at more than $17 billion a year. In hopes of
decreasing these costs, Medicare plans to reduce payments for readmissions, exposing hospitals
to considerable financial risks. In fiscal year 2013, hospitals face a penalty equal to 1 percent of
their total Medicare billings if an excessive number of patients are readmitted. The penalty rises to
2 percent in 2014 and 3 percent in 2015.
17 billion dollars is a lot of money. There's no one single place or thing we could address that can, with the snap of a finger, fix our health care cost/spending issues. According to the Office of the Actuary, which is part of the Centers for Medicare and Medicaid Services, we spent a total of 2.5 Trillion in 2007 on health care in the United States.
Keep in mind, that 17 Billion dollars is just .0068 of 2.5 trillion...
We have a long, long way to go...
Read the Press Release here...
See the full report here...
Source:
http://www.dartmouthatlas.org/downloads/press/Post_Acute_Care_Release_092811.pdf
http://www.dartmouthatlas.org/
http://en.wikipedia.org/wiki/Health_care_in_the_United_States#Health_care_spending
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