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...
The agency had proposed a more modest 2% increase ($170 million) but the FY 2023 Inpatient Rehabilitation Facility (IRF) payments will increase by 3.2% ($275 million) relative to payments in FY 2022. The IRF Quality Reporting Program (QRP) is a pay-for-reporting program. IRFs that do not meet reporting requirements are subject to a 2%...