CMS Releases FY 2014 Medicare Final Skilled Nursing Facility Payment Regulations and Rates

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Explore:  CMS Healthcare Medicare SNF

On July 31, CMS released a final rule that will increase payments to skilled nursing facilities (SNFs) by 1.3 percent, or $470 million, in Fiscal Year 2014.  The increase is due to a 2.3 percent SNF market basket increase, reduced by a 0.5 percent forecast error correction and reduced by a 0.5 percent productivity adjustment.  CMS will also revise and rebase the SNF market basket index base year to reflect more recent data.

To read the final rule, click here.

Reporter, Lauren Slive, Atlanta, +1 404 572 3592, lslive@kslaw.com

Topics:  CMS, Healthcare, Medicare, SNF

Published In: Health Updates, Insurance Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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