Excess Readmissions Continued
I briefly discussed the impact of the readmission calculation before. Now, I came across an excellent summary paragraph from the authors themselves:
The proposed ratio is a measure of relative performance. If a hospital performs better than an average hospital that admitted similar patients (that is, patients with the same risk factors for readmission such as age and comorbidities), the ratio will be less than one. If a hospital performs worse than average, the ratio will be greater than one. Hospitals with a ratio greater than one have excess readmissions relative to average quality hospitals with similar types of patients.
Bottom line: Make sure your readmission ratio is below the national average or risk putting some of your cash at stake.