Skilled Nursing News December 8, 2023
The Medicare Payment Advisory Commission (MedPAC) is recommending that for fiscal year 2025, Congress should reduce the 2024 Medicare-based payment rates for skilled nursing facilities (SNFs) by 3%, citing strong margin projections, occupancy growth and access to capital for the sector.
“We project the SNF margins in 2024 to remain high even with the downward adjustment, to account for excess payment resulting from the new case mix system,” said Kathryn Linehan, principal policy analyst for MedPAC, in her presentation during the Commission’s latest meeting on Friday. “A reduction to SNF base rates is needed to more closely align aggregate payments to aggregate costs.”
MedPAC’s recommendation for the cuts comes despite the officials noting some access pressures and recent occupancy declines.
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