Fierce Healthcare August 1, 2022
The Biden administration finalized a new payment rule late Friday that aims to boost payments to nursing homes by $904 million in the next fiscal year that starts this fall.
The Centers for Medicare & Medicaid Services (CMS) released Friday the Skilled Nursing Facility Prospective System rule for the federal fiscal year 2023 that starts Oct. 1. The agency decided to phase in over two years a 5% pay cut to recoup a $1.7 billion error in payment rates in 2020 and 2021.
“Today’s action is an important step in fulfilling our goal to protect people living in nursing homes and staff,” CMS Administrator...
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