The Centers for Medicare & Medicaid Services (CMS) has issued its final rule updating hospice payment rates for federal fiscal year (FFY) 2020. CMS finalizes a net payment increase of 2.6%, or $520 million, as compared to FFY 2019. The rule also rebases the rates hospices are paid for certain types of care. In addition, the rule modifies the beneficiary hospice election statement to reduce the time spent trying to obtain information needed for treatment decisions and accurate claims submissions.
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