2024 Final Rule for Inpatient Rehabilitation Facilities by CMS (Health & Beauty - Health Services)
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Item ID 132662850 in Category: Health & Beauty - Health Services
2024 Final Rule for Inpatient Rehabilitation Facilities by CMS | |
The Centers for Medicare & Medicaid Services (CMS) have released the Final Rule for Inpatient Rehabilitation Facilities (IRFs) on July 23. The new rule updates payment policies, IRF Quality Reporting Program (QRP) requirements for the 2024 fiscal year (FY), and modifies the conditions for Excluded Units. This allows hospitals to open a new IRF unit and start receiving payments under the IRF Prospective Payment System (PPS) at any time during the cost reporting period. The rule is now available for public inspection. Below are the main components that have been addressed. Updates to Payment Rates Following established procedures, CMS has finalized a 3.7% increase in total IRF payments, amounting to a projected $355 million increase in payments over the previous FY. Based on the proposed IRF market basket update of 3.6 percent, less a 0.2 percentage point adjustment for multi-factor productivity (MFP), this increase is based on an update to the IRF PPS payment rates of 3.4 percent. The usual payment conversion factor for the fiscal year 2024 is now $18,541. | |
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| Target State: California Target City : Glendale Last Update : Aug 08, 2023 10:23 AM Number of Views: 49 | Item Owner : Albert Brown Contact Email: Contact Phone: 8668542714 |
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2024-05-07 (0.394 sec)