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.