tci Medicare Compliance & Reimbursement - 2004 Issue 30

Reimbursement: SNFs, Inpatient Rehab Can Bank On Better Pay

What's brewing in the financial forecast for 2005.Good news for hospitals and skilled nursing facilities. The Centers for Medicare & Medicaid Services has updated prospective payment system rates for 2005, and things are looking up. For discharges starting Oct. 1, 2004, IRFs are slated to receive a 3.1-percent annual increase while SNFs can look forward to a 2.8-percent or $440 million pay hike. Overall IRF payments are projected at $5.7 billion, according to CMS. That's up 5.6 percent from earlier projections of $5.4 billion. However, CMS continues to back controversial...

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