Becker's Healthcare July 14, 2023
CMS has released its Outpatient Prospective Payment System proposed rule for 2024, which would raise Medicare outpatient payment rates for hospitals and ASCs next year.
Seven takeaways:
1. CMS has proposed a 2.8 percent pay increase for outpatient facilities in 2024. The proposed increase includes a 3 percent market payment update, offset by a 0.2 percent cut for productivity. The proposal would pay acute care hospitals $88.6 billion for outpatient services in 2024 — 2.8 percent more than this year.
2. Under the proposed rule, Medicare payments for hospital outpatient departments would increase by $6 billion in 2024 while Medicare ASC payments would total $6 billion, according to Bloomberg Law.
3. CMS also pitched the creation...
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