Under the final rule, CMS estimates Medicare payments to home health agencies will be reduced by 0.7 percent, or $130 million, in 2017.
The estimated decrease is based on the following: a $450 million increase to the home health payment update; a $420 million decrease due to the rebasing adjustments to the national, standardized 60-day episode payment rate, the national per-visit payment rates and the non-routine medical supplies conversion factor; and a $160 million decrease due to the adjustment to the national, standardized 60-day episode payment rate to account for nominal case-mix growth.
In 2015, about 3.4 million Medicare beneficiaries received home health services from approximately 11,400 home health agencies, according to CMS.
More articles on healthcare finance:
Tenet reports lower-than-expected Q3 earnings
10 most-read healthcare finance stories in October
UHS profit increases as patient volume grows: 5 things to know
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit