Why Join the No Place Like Home Campaign?
The Right Thing to Do
Many of us have likely had a loved one who returned to the hospital soon after being discharged. We can identify with the anxiety, unrest, and burden felt by all of those involved when this occurs. Patients and their families would much prefer to remain in their homes and be surrounded by the things that bring them comfort such as their pets, their belongings, and their own bed. We have a great opportunity to prevent avoidable readmissions and ensure our loved ones enjoy better health at home—because there really is no place like home.
The estimated average cost of a readmission ranges from $8,000 to $13,000,1 so there is an opportunity to save tens of millions of dollars in Arizona. Approximately 1.5 million preventable adverse drug events (ADEs) occur annually as a result of medication errors, leading to hospital admissions, readmissions, or extended hospitalization stays at a cost of more than $3 billion per year.2
Hospitals with higher than expected, risk-adjusted 30-day readmission performance can incur penalties up to 3 percent of their total inpatient Medicare payments. For fiscal year 2015, 62 percent of Arizona’s hospitals will receive a readmission penalty; the financial impact is significant.
1 National Priorities Partnership Compact Action Brief, “Preventing Hospital Readmissions: A $25 Billion Opportunity."
2 Institute of Medicine. Preventing Medication Errors. Washington, DC: The National Academies Press; 2007
Not yet ready to join the No Place Like Home campaign?
If you would like to stay informed, but are not yet ready to join and commit to the No Place Like Home campaign, complete the form below to be added to the mailing list and receive information on upcoming events, the latest news related to readmissions, community updates, and more. (If you are ready to join, choose the appropriate blue "Join the Campaign" button above.)