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Most California hospitals take a hit on Medicare reimbursement due to readmissions
Healthcare Finance: A large percentage of California hospitals are being hit by Medicare reimbursement penalties due to underperformance on 30-day readmissions. The Ventura County Star reports that of 292 hospitals evaluated throughout the state, 215 will be hit by penalties.
The penalties for some will involve up to 3 percent of Medicare fee-for-service reimbursements. How high the percentage actually gets depends on the amount of Medicare claims a hospital makes.
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