Advisory Board August 5, 2024
CMS on Thursday issued its final rules announcing annual payment updates to the inpatient prospective payment system (IPPS) and long-term care hospital (LTCH) prospective payment system for fiscal year (FY) 2025.
Your guide to CMS’ 14 value-based payment models
CMS issues final IPPS and LTCH rules
Updates to IPPS
According to the final rule, Medicare reimbursements for inpatient hospital care will increase 2.9% in FY 2025, up from the 2.6% increase CMS proposed in April.
The increase includes a 3.4% market basket increase and a negative 0.5 percentage point productivity adjustment. Hospitals that don’t submit quality data or don’t meet “meaningful use” standards for EHR usage will be paid almost 30% less.
Overall, CMS estimates that payments will increase by...
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