A healthcare provider is applying Lean accounting in patient care processes. Calculate the Readmission Rate for a hospital department that discharged 500 patients last month, and 50 of them were readmitted within 30 days. Recommend steps to reduce readmission rates and justify their implementation in Lean healthcare practices.

Requirements:

• Calculate the Readmission Rate.
• Recommend steps to reduce readmission rates.
• Justify the importance of reducing readmission rates in Lean healthcare practices.