Healthcare Finance News March 29, 2024
CMS wants to expand its ability to impose financial penalties for health and safety deficiencies.
Skilled nursing facilities get a 4.1% payment increase for 2025, according to a proposed rule released by the Centers for Medicare and Medicaid Services under the Skilled Nursing Facility Prospective Payment System.
The update represents a market basket of 2.8%, plus a 1.7% market basket forecast error adjustment, and a negative 0.4% productivity adjustment.
These figures do not incorporate the value-based purchasing reductions for certain skilled nursing facilities subject to the net reduction in payments. These adjustments are estimated to total $196.5 million in 2025.
CMS proposes to update the SNF market basket base year from the current 2018 base year to a new...
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