According to NPR’s website and Kaiser Health, “Medicare To Cut Payments To Nursing Homes Whose Patients End Up Back In The Hospital“. While hospitals have been dealing with reimbursement reductions due to higher than average readmission rates for years, this is the first time Nursing Homes have been hit in the pocket book directly on their readmission performance.
What to do? First, realize that we are all in it together. Second, pick your partners wisely as a poor choice could be costly. Third, educate yourself on the average hospitalization rates per setting. Typically, Skilled Nursing has 500% higher readmission rate than hospice while home health has a 300% higher readmission rate than hospice.
If you are trying to figure out how to better manage readmission rates, consider partnering with Kindful Hospice. With some of the lowest readmission rates in Oklahoma, Kindful is an ideal partner for Nursing Homes, Hospitals and any provider who is at risk for controlling costs.
Take the next step…call Kindful today!