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CMS rule stipulates hospitals will receive 2.7% pay boost for inpatient Medicare services
Healthcare Finance: On Wednesday, the Centers for Medicare and Medicaid Services issued the fiscal year 2021 Medicare Hospital Inpatient Prospective Payment System (IPPS) and Long Term Acute Care Hospital (LTCH) final rule, which includes provisions designed to ensure access to potentially lifesaving diagnostics and therapies for hospitalized Medicare beneficiaries.
The changes will affect about 3,200 acute care hospitals and roughly 360 long-term care hospitals. CMS estimates that total Medicare spending on acute care inpatient hospital services will increase by about $3.5 billion in FY 2021, or 2.7%
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