RevCycle Intelligence November 2, 2023
The rule finalized a Medicare payment rate boost for home health agencies and changes to the Home Health Quality Reporting Program.
After initially proposing a decrease, CMS has finalized a 0.8 percent increase in Medicare payment rates for home health agencies in 2024, boosting reimbursement by $140 million compared to 2023.
The payment increase reflects a 3.0 percent market basket update with a 0.3 percent reduction for productivity and a 0.4 percent increase for the fixed-dollar loss ratio used in determining outlier payments.
In addition, the update includes a 2.6 percent decrease for the behavioral adjustment, which aims to achieve budget-neutral implementation of the Patient-Driven Groupings Model (PDGM). This reduction is half of what CMS proposed; the agency plans to...
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