Skilled Nursing News July 29, 2021
The Centers for Medicare & Medicaid Services (CMS) late Thursday issued a final rule updating Medicare payment policies — namely a delay to the Patient-Driven Payment Model (PDPM) pay rate adjustments until next year and adjustment of provider pay to 1.2%.
This was a decrease for fiscal 2022 compared to the agency’s proposed 1.3% in April. Still, the aggregate impact of these payment policies to the SNF Prospective payment System (PPS) is an approximate increase of $411 million in Medicare Part A payments to facilities next year.
This figure doesn’t incorporate $184.25 million in SNF value-based purchasing program (VBP) reductions, CMS said.
The PDPM delay is a welcome respite for providers in the skilled space, as many anticipated adjustments when...