The federal government issued a final rule to update FY 2024 Medicare payment policies providing a 4% bump under the Inpatient Rehabilitation Facility (IRF) Prospective Payment System (PPS) and a 3.3% raise under the Inpatient Psychiatric Facility Prospective Payment System (IPF PPS).
The Center for Medicare & Medicaid Services (CMS) is also finalizing two new measures and modifying another for the IRF Quality Reporting Program (QRP). In addition, CMS is finalizing the removal of three measures and finalizing one public reporting policy. The IRF QRP is a pay-for-reporting program. IRFs that do not meet reporting requirements are subject to a 2% reduction in their annual increase factor.
The new rule for inpatient rehabilitation hospitals also modifies regulations to allow hospitals to open and begin billing Medicare for an excluded IRF unit anytime within the cost reporting year.
The Inpatient Psychiatric Facility Quality Reporting (IPFQR) Program also docks 2% annually facilities that don’t submit certain quality data to CMS. The agency is adopting three measures focused on health equity for the IPFQR Program.
- Facility Commitment to Health Equity
- Screening for Social Drivers of Health
- Patient Experience of Care
The agency estimates that overall IRF payments for FY 2024 will increase by 4% or $355 million, relative to payments in FY 2023. Total estimated payments to IPFs are estimated to increase by 2.3%, or $70 million, year-over-year.
Read more about the new Medicare rates for inpatient rehabilitation facilities from CMS
Read more about the new inpatient psychiatric facility rates from CMS
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