April 12, 2022
  • The Centers for Medicare & Medicaid Services (CMS) released its SNF Prospective Payment System proposed rule for fiscal year 2023, recommending a 3.9 percent, or $1.4 billion, payment increase to the industry. The agency arrived at that number by raising the market basket rate for skilled nursing facilities by 2.8 percent, a 1.5 percentage point forecast error adjustment and a 0.4-percentage-point multifactor productivity adjustment. CMS also proposed a 4.6 percent cut, amounting to a total loss of $320 million, related to the Patient-Driven Payment Model. The proposal also requests public feedback on how staffing in nursing homes and health equity improvements could lead to better health outcomes. (Fact sheet here; Press release here; Article here)