Patient safety-related cost savings not always easy to calculate
Patient Safety Monitor Alert, July 22, 2009
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As hospitals face deeper payment cuts from the federal government, many are considering new methods to cut costs. Indeed, many hospitals have already cut staff members and scaled back existing expansion projects. President Obama has suggested penalizing hospitals for poor rehospitalization rates—those facilities that have higher rates of patients returning for care once they have been discharged.
Unsurprisingly, patient safety officers and quality improvement managers have had to talk the business talk more often this year, often being asked to make a sound financial argument for new quality initiatives.
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