Health Information Management

CMS issues updated payment rates and wage indexes for FY 2009: Know how to apply the new data files

Briefings on Coding Compliance Strategies, December 1, 2008

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Hospitals have been waiting for finalized wage indexes and standardized payment rates since CMS released tentative numbers in its fiscal year (FY) 2009 IPPS final rule in August.

Now, the wait is over.

The final numbers were announced September 29, first on the agency’s Web site, then four days later in the Federal Register.

The new calculations mean new classifications and unexpected payment rates for some hospitals. They also signal a greater likelihood for errors during the transition from old to new rates.

This is an excerpt from a member only article. To read the article in its entirety, please login or subscribe to Briefings on Coding Compliance Strategies.

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