CMS sets new readmission penalties for hospitals

About two-thirds of the nation's hospitals will receive financial penalties from the Medicare program for unnecessary readmission of patients. Starting Oct. 1, penalties will be levied against 2,225 of the nation's 5,700 hospitals, according to data from the Centers for Medicare & Medicaid Services. Although the payment penalties will total $227 million, the per-hospital penalties are relatively mild. Only 18 facilities will lose the maximum 2 percent of payments, while only 154 will lose more than 1 percent of their payments. --Read the full FierceHealthcare article