Two-thirds of the nation’s hospitals will get hit with fines in the second round of Medicare’s readmission penalties, according to data released Friday by the Centers for Medicare & Medicaid Services.
For the upcoming year, 2,225 of the nation’s 5,700 hospitals will receive payment reductions totaling $227 million starting on Oct. 1. Of those hospitals, 18 hospitals will lose 2 percent of Medicare reimbursements, the top penalty, while 154 will lose 1 percent or more.
In the first round of penalties, almost 300 hospitals received the maximum fine–a 1 percent loss of their base Medicare payments, FierceHealthFinance previously reported.
Read more: FierceHealthcare
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