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May 9, 2006
 Medicare Program; Inpatient Psychiatric Facilities Prospective Payment System Payment Update for Rate Year Beginning July 1,
2006 (RY 2007); Final Rule
This final rule updates the prospective payment rates for Medicare
inpatient hospital services provided by inpatient psychiatric
facilities (IPFs). These changes are applicable to IPF discharges
occurring during the rate year beginning July 1, 2006, through June
30, 2007. In addition, the Centers for Medicare and Medicaid
Services (CMS) is adopting the new Office of Management and Budget
(OMB) labor market area definitions for the purpose of geographic
classification and the wage index. CMS is also making
revisions to existing policies and implementing new polices. These
regulations are effective on July 1, 2006.
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