HealthLeaders Media September 3, 2020
John Commins

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...

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Topics: CMS, Govt Agencies, Health System / Hospital, Insurance, Medicare, Provider, RCM (Revenue Cycle Mgmt), Technology
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