Long-Term Care

CMS releases proposed rule featuring payment updates for 2014

MDS 3.0 Insider, May 3, 2013

Want to receive articles like this one in your inbox? Subscribe to MDS 3.0 Insider!

The Centers for Medicare & Medicaid Services (CMS) has released a proposed rule that would update the payment rates used under the prospective payment system (PPS) for skilled nursing facilities (SNFs) for 2014 and would revise and rebase the SNF market basket. This proposed rule also includes a proposed policy for reporting the SNF market basket forecast error correction in certain limited circumstances and a proposed new item for the MDS Version 3.0.

Some of the major proposals include:
 

Payment changes

CMS estimates that aggregate payments to SNFs will increase by $500 million, or 1.4 percent, from payments in 2013. This estimated increase is attributable to the 2.3 percent market basket increase, reduced by the 0.5 percentage point forecast error correction and further reduced by the 0.4 percentage point multifactor productivity adjustment required by law.

To continue reading, visit our blog MDSCentral.



Want to receive articles like this one in your inbox? Subscribe to MDS 3.0 Insider!

Most Popular