HealthLeaders Media September 3, 2020
The final rule also re-emphasizes CMS’s push for “pricing strategies based on real world market forces” under the Medicare Fee For Service program.
KEY TAKEAWAYS
– The increases were included in the 2021 Medicare Hospital Inpatient Prospective Payment System (IPPS) and Long Term Acute Care Hospital (LTCH) final rule, which was released Wednesday.
– The new final rule applies to about 3,200 acute care hospitals and approximately 360 long-term care hospitals across the nation.
– Hospitals already are required to report negotiated rates under a Trump administration price transparency mandate.
– CMS is finalizing a mandate for hospitals to report the median rate negotiated with Medicare Advantage Organizations for inpatient services to use instead of the charge-based data, starting in...