Posted Wednesday, August 2, 2023
CMS is giving hospices a 3.1% increase to their per diem payments for 2024, according to a final rule published Friday.
That is a $780 million bump to hospice payments next year compared to Fiscal Year 2023, according to CMS. The finalized rule also raises the aggregate payment cap to $33,494.01 for next year, up from $32,486.92 set in 2023.
The rate increase is a modest climb from the 2.8% payment boost the agency initially proposed for 2024 hospice payments back in March. The slightly higher payment rate came after weighing considerations around higher costs to deliver care, the agency indicated.
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