CMS Issues 2014 SNF PPS Final Rule

Carl Pucci in Finance & Reimbursement

 

CMS has issued the 2014 SNF PPS Final Rule.  The final rule provides for a net market basket increase of 1.3%, effective 10/1/13.  Nationally, this equates to approximately $470M, or roughly $7 per Medicare patient day.  CMS also announced it will rebase their methodology used to calculate the weights of the various cost categories to reflect 2010 Medicare cost report data (vs. 2004 data currently in place.) 

Attached is the AHCA initial analysis providing further details, as well as the final rule publication.  A more detailed overview of the final rule will be available on the AHCA website in the next few days.  NYSHFA will begin analysis of the final rule, and prepare the 2013/14 regional Medicare SNF PPS rates for distribution within the next few weeks.

NYSHFA CONTACT:

 

Carl J. Pucci
Director, Finance & Reimbursement
518-462-4800 x36