On April 12, 2011, the Obama administration announced a new initiative to reduce medical errors and cut readmissions to hospitals in hopes of tackling errors made by hospitals that kills thousands each year. By partnering with private insurers, business leaders and patient advocates, the campaign hopes to cut the number of harmful preventable conditions by 40% over the next three years, and seeks to cut readmissions to hospitals by 20%. The new healthcare law will provide billions of dollars to improve care by rewarding hospitals and physicians that meet higher quality standards. In coming months, the administration plans to spend $500 million in grants to community-based organizations that partner with hospitals to monitor patients immediately after they are discharged, and another $500 million will go to test models for reducing nine types of common medical errors.