Reducing Hospital Readmissions
In October of 2012, The Affordable Care Act added Section 1886(q) to the Social Security Act and enacted the Hospital Readmissions Reduction Program. The program, simply referred to as HRRP, requires CMS to reduce payments to Inpatient Prospective Payment System (IPPS) hospitals with excess readmissions. With these penalties now a real and imposing reality for many hospitals, it is imperative that these organizations expeditiously identify mechanisms to reduce potential risks by keeping readmissions occurrences to a minimum.
According to the Center for Medicaid and Medicare Services, the projections for FY 2013 are as follows:
- 1 in 5 Medicare recipients are readmitted in 30 days (translating to 2M patients)
- More than 2,000 hospitals will be penalized for excessive hospital readmissions
- HRRP has the potential to impact thousands of hospitals in a highly-negative manner. Estimated penalties are upwards of $280M during year-one
With the Medexi suite of applications, your organization can minimize the potential of costly penalties by implementing transitional care strategies and processes – which work. Costs savings can also be realized using Medexi’s advanced technologies to streamline internal operational procedures, improve staff efficiencies, and reduce redundancies on a hospital-wide basis.
The Proactive Approach to Savings
Lowering readmission rates and improving overall patient satisfaction ratings serve as the foundation for the Medexi 360 System. Access the Medexi Risk Reduction Calculator to determine how the Hospital Readmissions Reduction Program might impact your organization.