The costs and penalties associated with unplanned re-admissions are becoming a serious problem for too many hospitals. Studies undertaken by the Government have come back with grim results: Collectively, Medicare loses roughly $26 billion per year due to preventable re-admissions, with some specific disorders reaching readmission rates of 20-25% or higher.Read More
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Hospitals today are facing more competition than ever before, especially private organizations that need to remain directly profitable. Patient satisfaction and long-term outcomes are becoming big determinants of a hospitals success, especially now that HCAHPS surveys are becoming so critical for securing funding.