(Story updated with executive comments)
HHS has announced the launch of Partnership for Patients, a $1 billion collaborative patient-safety initiative focused on reducing preventable harm and easing transitions of care.
Patient-safety advocates, clinicians, employers and more than 500 hospitals have already signed on to participate in the partnership, HHS said. The government predicts the program could save 60,000 lives over the next three years and save up to $50 billion in Medicare costs over the next decade.
Initial funding of $500 million was made available today as part of Community-based Care Transitions Program, a provision of the healthcare reform law aimed at reducing readmissions and improving care transitions. According to HHS, the remaining $500 million will be made available through the CMS Innovation Center to support local projects that reduce hospital-acquired conditions.