Medicare payment rates to nursing homes will increase by $780 million
next year, the Centers for Medicare & Medicaid Services (CMS)
announced.
The boost in payments is the result of a 3.4 percent increase in the
annual market basket calculation of the cost of goods and services
included in a skilled nursing facility stay. The price of the items in
the basket is measured every year and Medicare payments are adjusted
accordingly.
A recalibration of the payment categories, intended to correct a
previous error, which had been proposed for Fiscal Year 2009 has been
delayed while CMS continues to evaluate the data. The proposed rule
announcing the planned recalibration was published in the Federal Register on May 4, 2008.
next year, the Centers for Medicare & Medicaid Services (CMS)
announced.
The boost in payments is the result of a 3.4 percent increase in the
annual market basket calculation of the cost of goods and services
included in a skilled nursing facility stay. The price of the items in
the basket is measured every year and Medicare payments are adjusted
accordingly.
A recalibration of the payment categories, intended to correct a
previous error, which had been proposed for Fiscal Year 2009 has been
delayed while CMS continues to evaluate the data. The proposed rule
announcing the planned recalibration was published in the Federal Register on May 4, 2008.
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