Tag: FY

CMS releases 2023 hospice proposed rule

Hospice providers will have to wait a little longer for the Hospice Outcomes Patient Evaluation (HOPE) tool, according to the proposed rule for the FY 2023 Hospice Wage Index and Payment Rate Update and Hospice Quality Reporting Requirements. The proposed rule was released on Wednesday, March 30, 2022, for public inspection and is expected to […]

CMS releases FY 2022 SNF PPS Final Rule (CMS-1746-F)

A final rule updating Medicare payment policies and rates for skilled nursing facilities under the SNF prospective payment system (PPS) for FY 2022 was released July 29 by CMS. The final rule includes updates on both the SNF Quality Reporting Program (QRP) and the SNF Value-Based Program (VBP) for FY 2022. The final rule also […]

Average SNF operating margin at zero for third consecutive year

A recent annual benchmark report found that SNF margins in FY 2019 remained at zero for the third year in a row. The report also found a correlation between a SNFs star rating and its operating margin. In 2019, SNFs with an overall stat rating of 1 or 2 had margins below zero, while facilities […]

CMS Updates Medicare Payment Policy for SNFs

CMS released a final rule [CMS-1737-F] on July 31 for FY 2021 that updates the Medicare payment rates and the value-based purchasing program for SNFs. The rule includes routine technical rate-setting updates to the SNF PPS payment rates, finalizes adoption of the most recent OMB statistical area delineations, and applies a 5 percent cap on […]