BC Advantage - 2023 Issue 4

FY24 IPPS Proposed Rule Boosts Hospital Payment Rates by 2.8%

CMS proposed a new rule for the fiscal year 2024 Inpatient Prospective Payment System (IPPS), increasing hospital payment rates up to 2.8%. Also, the newly proposed IPPS rule adopts policies that are aimed at advancing health equity.Under CMS's new FY24 IPPS rule, the hospital market basket updated 3.0 percent, less a projected 0.2 percentage point productivity adjustment for hospitals participating in the Hospital Inpatient Quality Reporting program and meaningful EHR users. Hospitals are still subjected to IPPS payment adjustments, including excessive readmission under the Hospital Readmission Reduction Program.In total, CMS expects that this newly...

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