In the months since the Affordable Care Act was signed into law, healthcare providers have expressed significant concern about the financial implications of the reform. A key element of the Legislation is the movement toward a payment system based on quality and value rather than volume. One of the elements of reform designed to advance this concept is the Readmission Reduction Program, which penalizes hospitals for having readmission rates in excess of national standards.
HFMA is pleased to share with its members a tool developed by CBIZ KA Consulting Services, LLC that allows organizations to see how their facility is affected by the Readmission Reduction Program. Use the tool to see a readmissions report customized to your facility.
The following table provides an example of a Readmission Reduction Program impact analysis and highlights a facility's potential annual readmissions loss (click to enlarge).