Final Rule Released: $180 Million Increase in Medicare Hospice Payments Projected for 2018
Posted on Wednesday, August 2, 2017 4:50 PM
CMS has released the final rule for FY18 hospice payment rates. The market basket percentage increase is 1% for hospice agencies, equating to $180 million increase in FY08. Per the IMPACT Act of 2014, the cap amount for accounting years that end after 9/30/2016 and before 10/1/2025 must be updated by the hospice payment update percentage instead of the consumer price index. According to CMS, the cap amount for FY18 is $28,689.04.
The final rule for FY18 payment rates for hospices is available at the Federal Register’s Public Inspection Desk and can be found under “Special Filings.” Click here for specific changes that will be implented effective October 1st.
Corridor is the nation’s preferred partner and trusted business advisor to home health and hospice providers, providing quality services and impactful results for 30 years. Focusing on key operational, regulatory and financial challenges, Corridor delivering industry-unique solutions and deep expertise in coding, clinical documentation review, compliance, billing and collections , consulting and provider staff education . At Corridor, we make the business of caring for people Better! For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!
For additional information, please contact Corridor at 1-866-263-3795.