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August 04, 2023

CMS Finalizes IPPS Rule for CY 2024

On August 1, 2023, CMS issued its final rule on the Hospital Inpatient Prospective Payment Systems (IPPS) and Long-Term Care Hospital PPS.  The final rule increases IPPS payments by net 3.1% to hospitals that report quality data and have meaningful use of electronic health records.  The rule also includes a cut in payments for disproportionate share hospitals and for implementation of new medical technology, and makes changes to reporting of quality measures and in the value-based programs.  The rule is projected to be published in the Federal Register on August 28, 2023, and most provisions will go into effect on October 1, 2023.

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