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Hospitals save $100 million in Medicare costs

Hospitals save $100 million in Medicare costs

Maryland hospitals collectively generated more than $100 million in Medicare savings in the first year of an experimental payment system being watched closely by the federal government as a possible national model for reducing health care costs. The state's medical institutions agreed last year to a five-year agreement with the U.S. Centers for Medicare and Medicaid Services. It drastically changed the way they did business and aimed to curb costs, in part by reducing expensive hospital stays and handling more patient care at the doctor's office. "Hospitals at the blink of an eye really changed their systems into something that hasn't been broadly tested before —...