While More is Needed, Operators are ‘Generally Pleased’ With 4% Increase in SNF Final Rule

Posted Wednesday, August 2, 2023

Nursing home operators had a mixed reaction to CMS’ final payment rule for 2024. Some operators said that they were generally appreciative of the 4% increase in Medicare reimbursement, but they are also calling for more help and understanding from federal agencies in tackling the workforce crisis – a situation measures contained in CMS’ latest issuance do not address, and perhaps exacerbate.

Some of the operators who spoke to Skilled Nursing News welcomed a jump in rates but said that rising costs amid high inflation still won’t compensate for their expenses adequately, but they pointed to some wins, such as changes to civil monetary penalties (CMPs).

Meanwhile, CMS’ final rule was met with measured criticism from advocacy groups upon its release. Leaders like LeadingAge CEO Katie Smith Sloan said that the higher payment rate would be offset by increasing costs of care – which will no doubt continue to rise in the coming year. Smith Sloan was also critical of the new staff turnover measure.

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