Medicare Cuts $23M from Nearly Every Hospital in NJ

TRENTON (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 highest percentage of hospitals penalized in the country.

Bergen Regional Medical Center in Paramus was the only hospital to receive no penalty.

The $23 million in 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.