Hospieces receive payment bump

Hospices serving the Medicare population will see a 2.5 percent increase in their Medicare payments for fiscal year (FY) 2012, according to the Final Rule.

The estimated hospice payments are the net result of a 3.0 percent increase in the “hospital market basket,” an indicator of industry-related price increases, offset by an estimated 0.5 percent decrease in payments to hospices due to updated wage index data and the third year of CMS’ seven-year phase-out of a wage index budget neutrality adjustment factor.

See CMS’s release here

 

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