CMS to boost nursing home pay rates by $904M

Fierce Healthcare August 1, 2022
Robert King

The Biden administration finalized a brand new fee rule late Friday that goals to spice up funds to nursing properties by $904 million within the subsequent fiscal 12 months that begins this fall. 

The Facilities for Medicare & Medicaid Providers (CMS) launched Friday the Expert Nursing Facility Potential System rule for the federal fiscal 12 months 2023 that begins Oct. 1. The company determined to section in over two years a 5% pay minimize to recoup a $1.7 billion error in fee charges in 2020 and 2021.

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