CMS Releases More Payment Increases

During the week of July 29, 2019, the Centers for Medicare and Medicaid Services (CMS) released rules finalizing Medicare payment adjustments for skilled nursing facilities (SNFs), hospices, and inpatient rehabilitation (IRFs) and psychiatric (IPFs) facilities for FY 2020. Under the final rules, Medicare payments to SNFs will increase by 2.4% in FY 2020 relative to FY 2019; payments to IPFs by 1.5%, or $65 million; payments to IRFs will increase by 2.5%, or $210 million; and payments for hospice facilities will increase by 2.6%, or $520 million.