Tuesday, May 7, 2013
Summary of the CMS SNF PPS Proposed Rule
Courtesy of Peter Gruhn of the American Health Care Association, a summary of the CMS SNF PPS Proposed Rule and the full proposed rule can be located in the Members Only section of the IHCA website. The proposed rule provides for a net market basket increase for SNFs of 1.4% beginning October 1, 2013. The 1.4% market basket update reflects a full market basket increase of 2.3 percentage points, less a 0.4 percentage point multifactor productivity adjustment required by Section 3401(b) of the Affordable Care Act (ACA), and a 0.5 percentage point reduction to correct for an error in forecasting the market basket in FY 2012. CMS estimates that the net market basket update would increase Medicare SNF payments by approximately $500 million in FY 2014 (a little over $7 per Medicare patient day).