CMS has released its annual proposed payment update for hospices, which would raise payment rates in fiscal year 2023.
Four things to know:
1. On March 30, CMS proposed raising hospice payments by 2.7 percent, or $580 million, in fiscal year 2023.
2. CMS proposed capping annual hospice wage index adjustments to ensure payments don't decrease more than 5 percent from the year prior, regardless of the underlying reason for the decrease.
3. CMS is seeking comments from hospices on their health equity initiatives and a structural composite measure concept to inform future measure developments.
4. Read more about the fiscal year 2023 hospice payment proposed rule here.