In recent weeks, the Centers for Medicare and Medicaid Services issued several final regulations that included Medicare payment updates for fiscal year 2014, which begins on October 1, 2013. Three of the final rules addressed updates to the long-term acute care hospital, inpatient rehabilitation facility and skilled nursing facility prospective payment systems (PPS).
Long-Term Acute Care Hospital FY 2014 Update
In the final LTAC hospital payment update, CMS announced that for fiscal year 2014 Medicare payments will increase by 1.3 percent, which includes a 2.5 percent market basket update offset by outlier payments, the second installment of the budget neutrality adjustment, and productivity adjustments.
The rule also included several regulatory changes including the full implementation of the 25% Rule beginning on October 1, 2013 and new measures that will be added to the LTAC hospital Quality Reporting program in FY 2017 and FY 2018. Read Full Post