Monday, July 19, 2010

Nursing Homes Will Get a 1.7% Medicare Payment Boost

Late Friday, CMS posted payment updates for skilled nursing and inpatient rehabilition facilities' prospective patient systems for fiscal year 2011. According to the updates, nursing homes will see a 1.7% boost in their market basket rate. Inpatient rehabilition facilities will see a 2.5% increase.

The increase for nursing homes was actually set at 2.3%, but an automatic "click down" of 0.6% was enacted because overpayments were made at that rate in fiscal year 2009. The net nationwide gain in Medicare payments to SNFs in fiscal year will be $542 million.

To learn more, click here.

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