Lexology August 27, 2024
The Centers for Medicare & Medicaid Services (“CMS”) will publish the 2025 Inpatient Prospective Payment System (“IPPS”) Final Rule (“Final Rule”) in the Federal Register on August 28 with an effective date of October 1, 2024. Along with increasing IPPS payments for FY 2025, the Final Rule introduces a new alternative payment model, funds additional graduate medical education positions, provides an additional payment to maintain access to essential medicines and requires hospitals to report additional quality measures.
Increases to IPPS Payment Based on Market Basket Update
CMS finalized an increase to inpatient payments based on the market basket for FY 2025 by 3.4%—reduced by a productivity adjustment of 0.5% for a total increase of 2.9%. Hospitals that do not submit...