HealthLeaders Media August 7, 2023
Hospitals will be seeing a payment bump, but will it be enough to ward off rising inflation and labor costs?
KEY TAKEAWAYS
– CMS finalized a 3.1% payment increase for FY 2024.
– While a $2.2 billion increase seems significant, hospitals are facing historic financial challenges, so will it be enough to ensure a sustainable financial future?
CMS recently released the fiscal year (FY) 2024 Inpatient Prospective Payment System (IPPS) final rule increasing payment rates by a net 3.1% for FY 2024 for hospitals that are meaningful users of electronic health records and submit quality measure data.
This 3.1% payment update reflects a hospital market basket increase of 3.3% as well as a productivity cut of 0.2%. Overall, the agency...
Today's Sponsors
Today's Sponsor