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CMS Approves Hospital Fee Program Managed Care Rates

For CFOs

This week, the Department of Health Care Services shared four approval letters, dated April 10, from the Centers for Medicare & Medicaid Services (CMS). While these letters mention approval is for state fiscal year 2016-17, the rates approved only include the Hospital Fee Program for June 1 to Dec. 31, 2016.

With these rate approvals, CMS has officially approved all components of the 2014-16 Hospital Fee Program.

Hospitals should share the relevant letters, linked here, with their accounting firms: