CMS proposed a rule yesterday that would increase Medicare payments to hospices by 1.1 percent, or $180 million, in fiscal year 2014.
The net increase is based on a 2.5 percent increase in the inpatient hospital market basket, minus 0.7 percent for reductions required by law. It is also based on a 0.6 percent decrease to the market basket as part of CMS' seven-year phase-out of the wage index's budget neutrality adjustment factor and a 0.1 percent decrease due to the use of updated wage data.
Hospices that fail to meet quality reporting requirements would receive a 2 percentage point reduction to their market basket update under the Patient Protection and Affordable Care Act, as well.
The rule will be published in the May 10 Federal Register with a 60-day comment period.
Study: Hospice Care Saves Medicare Money Across Different Lengths of Stay
CMS' Fiscal Year 2014 IPPS Proposed Rule: 10 Points to Know
The net increase is based on a 2.5 percent increase in the inpatient hospital market basket, minus 0.7 percent for reductions required by law. It is also based on a 0.6 percent decrease to the market basket as part of CMS' seven-year phase-out of the wage index's budget neutrality adjustment factor and a 0.1 percent decrease due to the use of updated wage data.
Hospices that fail to meet quality reporting requirements would receive a 2 percentage point reduction to their market basket update under the Patient Protection and Affordable Care Act, as well.
The rule will be published in the May 10 Federal Register with a 60-day comment period.
More Articles on Hospices, Medicare and CMS Proposed Rules:
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CMS' Fiscal Year 2014 IPPS Proposed Rule: 10 Points to Know