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Posts tagged as “CMS”

CMS proposes changes to skilled nursing facility prospective payment system

(Photograph by Kathrin Ziegler/Getty Photographs)

The Centers for Medicare and Medicaid Companies has issued a proposed rule that would update Medicare payment insurance policies and prices for competent nursing facilities underneath the Proficient Nursing Facility prospective payment method for fiscal year 2022. 

The proposed rule also incorporates proposals for the SNF Good quality Reporting Program and the SNF Value-Based Program.

In accordance to CMS estimates, the effects of the payment insurance policies in the proposed rule would outcome in an raise of about $444 million in Medicare Element A payments to SNFs in FY22. 

This estimate demonstrates a $445 million raise from the update to the payment prices of 1.3% – which is primarily based on a 2.3% SNF marketplace basket update, minus a .eight percentage position forecast mistake adjustment and a .2 percentage position multifactor productivity adjustment – and a $1.2 million reduce because of to the proposed reduction

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