Partnership formed to improve patient safety and care, reduce cost

The Partnership for Patients is a new partnership between administration, the private sector, hospitals and doctors aimed to make care safer while saving up to 50 billion dollars over the next ten years has been formed, according to an announcement from the Centers for Medicare and Medicaid Services.

The announcement states that the two shared goals of the partnership are:

  • Reduce preventable injuries by 40% by 2013
  • Reduce hospital readmissions by 20% by 2013

According to the announcement, meeting these two goals would save 60,000 lives and save up to $35 billion in health care costs over the next three years. The Department of Health and Human Services has announced it would invest up to $1 billion in federal funding, made available under the Affordable Care Act. 

(Source: The Advisory Board Daily Briefing, http://advisory.com, April 12, 2011; Centers for Medicare and Medicaid Services, http://www.cms.gov, April 12, 2011)