News Report | September 16, 2018
Medicare SNF Final Rule Increases Skilled Nursing Rates By $820 Million
On July 31, 2018, the Centers for Medicare & Medicaid Services (CMS) issued a final rule that increases skilled nursing payments by $820 million due to a 2.4% increase to the skilled nursing facility (SNF) market basket. There are three major provisions of the final rule: changes to the SNF prospective payment system (PPS) mix classification system used under the SNF Prospective Payment System (PPS), the SNF Value-Based Purchasing Program (VBP), and the SNF Quality Reporting Program (QRP). The increase in skilled nursing rates falls under changes in the SNF VBP.
The final rule updates and quality program . . .