Reducing 30-Day Readmission Rates Using Data, Analytics, and Transitional Care Management Protocols
According to CMS, 7 out of 10 hospitals participating in the Hospital Readmission Reduction Program (HRRP) will face penalties in 2024. Around 70% of hospitals will incur penalties of less than 1% for their readmissions, while 7% will face penalties of 1% or more. This poses a significant challenge to the healthcare industry's pursuit of value since readmissions are one of the biggest costs hospitals must bear.