FY 2014 Proposed Medicare Rate Would Increase SNF Reimbursement by $500 Million

The Centers for Medicare & Medicaid Services will publish the proposed fiscal year (“FY”) Medicare payment rate in the Federal Register later today.  Announced last week, the proposed rate includes a 2.3% market basket increase; however, a forecast error correction and other mandated adjustments will reduce the market basket increase to 1.4%.  This will still result in an estimated $500 million increase in the aggregate payments to skilled nursing facilities during FY 2014.  The complete proposed payment rate rule is available in the Federal Register.  

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• Todd Selby at 317.977.1440 or tselby@wp.hallrender.com;
• Brian Jent at 317.977.1402 or bjent@wp.hallrender.com;
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