Healthcare Finance News November 2, 2023
CMS had originally proposed a 2.2% decrease to account for the permanent behavior assumption adjustment.
Home health agencies get a 0.8% pay increase for 2024 rather than a proposed 2.2% decrease, under the Home Health Prospective Payment System Final Rule released by the Centers for Medicare and Medicaid Services on Wednesday.
CMS estimates that Medicare payments to home health agencies will increase by about $140 million in 2024, compared to 2023.
The finalized payment reflects a 3% home health payment update percentage, an estimated 2.6% decrease from the net effects of the finalized prospective permanent behavior assumption adjustment, and an estimated 0.4% increase due to an update to the fixed-dollar loss ratio used in determining outlier payments.
But a finalized...
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