Inpatient Psychiatric Facility Payments to Increase By 1.9%

CMS has announced it will increase Medicare payments to inpatient psychiatric facilities by 1.9 percent for fiscal year 2013, which begins Oct. 1 of this year.

The percentage increase includes a market basket rate boost of 2.7 percent minus 0.8 percent reductions from adjustments required by the Patient Protection and Affordable Care Act.

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