- Associated Press - Wednesday, August 5, 2015

TRENTON, N.J. (AP) - The federal government has penalized nearly every hospital in New Jersey because too many Medicare patients had to be readmitted within a month of their discharge.

The Record reports (https://bit.ly/1UmEUao ) the state had the highest percentage of hospitals penalized in the country. Only Bergen Regional Medical Center in Paramus received no penalty.

The cuts are up to 2.49 percent of a hospital’s Medicare payments. Medicare provides more than $3 billion in annual funding to New Jersey’s hospitals, making it the largest source of their revenue.

The New Jersey Hospital Association estimates the cuts will yield a loss of $23 million for the state.

Aline Holmes, NJHA’s senior vice president, says about two-thirds of the state’s hospitals decreased their readmission rates this year, but others still have some work to do.

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Information from: The Record (Woodland Park, N.J.), https://www.northjersey.com

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