Medicare reduces readmission penalties for most hospitals

The Medicare program has reduced financial penalties to more than 1,200 hospitals with excessive readmissions, Kaiser Health News reported. The reductions stemmed from a second correction of the formula for calculating penalties. Although most of the adjustments were slight, some hospitals saw significant reductions. The big winner of the latest adjustment was St. Claire Regional Medical Center in Morehead, Ky., which saw its penalty drop from 0.93 percent to 0.72 percent of every payment Medicare makes for a patient admitted to the hospital. >> Read the full article at FierceHealthcare

Suggested Articles

Humana filed suit Friday against more than a dozen generic drugmakers alleging the companies engaged in price fixing.

Medicare Advantage open enrollment kicked off last week, and insurers are taking new approaches to marketing a slate of supplemental benefit options. 

Health IT company Cerner announced a definitive agreement to acquire IT consulting and engineering firm AbleVets as a wholly owned subsidiary.