Healthcare Finance News August 20, 2021
CMS Administrator Chiquita Brooks-LaSure concurs with the recommendation and says CMS will further review capital payment methodology.
Medicare paid new hospitals three times more for their capital costs than they would have been paid under the inpatient prospective payment system (IPPS), according to an audit report from the Office of Inspector General.
The report revealed the new hospital capital cost exemption of the IPPS caused Medicare to incur up to $423.2 million in costs between 2012 and 2018. The audit concluded Medicare could have saved $283 million on capital costs in that period had hospitals been paid through IPPS.
Medicare regulations require that established hospitals be paid for capital costs through the IPPS, regulations which also allow new hospitals to...
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