CMS Releases 2024 Final Rule for Inpatient and Long-Term Care Hospitals’ Payment Systems, and Proposed Rules for Outpatient and Ambulatory Surgical Center Services’ Payment Systems, and Physician Fees

Lexology August 7, 2023
Ropes & Gray LLP

On August 1, 2023, the Centers for Medicare & Medicaid Services (CMS) released the final rule for the federal fiscal year (FFY) 2024 inpatient prospective payment system (IPPS) and long-term care hospital (LTCH) payment system, which is scheduled to be published in the Federal Register on August 28, 2023. In April 2023, just after the publication of the IPPS proposed rule, we circulated an alert summarizing certain aspects of CMS’s proposals. Below is a quick summary of what CMS determined regarding each of the following topics in the final rule: A. market basket and other base rate updates; B. “health equity” policies; C. wage index, geographic reclassification, and other changes impacting rural hospitals; D. medical education programs; E. disproportionate share...

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