Hospice News July 30, 2024
The U.S. Centers for Medicare & Medicaid Services (CMS) has unveiled its final 2025 hospice rule, which includes a 2.9% increase in per diem payments alongside new quality reporting measures.
The increase represents an estimated $790 million rise in total hospice payments compared to Fiscal Year (FY) 2024. It is also higher than the 2.6% hike that CMS initially proposed.
The finalized hospice cap amount for FY 2025 is $34,465.34, up from $33,494.01 this year. The payment update reflects rising inpatient care costs alongside the potential financial impacts of noncompliance with new quality standards, according to the agency.
“The FY 2025 hospice payment update percentage is 2.9% … results from the 3.4% inpatient hospital market basket percentage increase, reduced by...
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