The Centers for Medicare & Medicaid Services issued its final rule updating hospice payment rates for federal fiscal year (FFY) 2021. Overall, CMS finalizes a payment increase of 2.4%, or approximately $540 million, compared to FFY 2020.
The payment update includes a 2.4% market basket and no productivity adjustment, reflecting the disruption of the COVID-19 public health emergency. The final rule is effective for discharges on or after Oct. 1.
A detailed summary of the final rule, prepared by Health Policy Alternatives, is available for CHA members.