CMS Proposed Payment Rate: 2016 Medicare Payments to Increase by $500 Million

Under an updated payment rate proposed by CMS on Wednesday, Medicare would increase skilled nursing facility reimbursements by $500 million in 2016. The 2016 rate would be a 1.4 percent increase over 2015

To determine the rate, CMS looks at the costs of goods and services needed to provide care. Inflation is taken into consideration and a pair of 0.6 percent required adjustments are applied.

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