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Payment rate changes: How will 2014 compare to 2013?

On August 1, CMS released the skilled nursing facilities (SNF) prospective payment system (PPS) Final Rule for FY 2014 that will update the payment rates used under the PPS for SNFs for 2014.

According to the final rule, there will be a net rate increase of 1.3% or $500 million for FY 2014.

To see a comparison of these payment rates with those for FY 2013, click here.