As required annually by law, the Centers for Medicare & Medicaid Services (CMS) has issued its federal fiscal year (FFY) 2024 inpatient prospective payment system (IPPS) proposed rule.
CMS proposes to increase payment rates for most hospitals paid under the IPPS by 2.8% in FFY 2024. The net impact of the proposed rule will increase payments nationally in FFY 2024 by an estimated $2.73 billion over FFY 2023. While the update increases payments by $3.3 billion, proposed changes to Medicare disproportionate share and the expiration of eligibility of certain devices for new technology add-on payments decrease the update by $115 million and $460 million respectively.
Comments on the proposed rule are due to CMS by June 9. Join CHA’s Megan Howard and Chad Mulvany as they provide a summary of the proposed rule implications on your organization and how you can share your concerns on the impending changes.
Many key highlights will be discussed during this webinar including:
- Market Basket Update
- Medicare DSH
- Wage Index
- Quality Reporting Requirements
- Updates to Hospital Value-Based Purchasing Program
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