The Centers for Medicare and Medicaid Services on Thursday reduced the rate it plans to cut payments to home health agencies to $260 million in comparison with $350 million it proposed initially this year.
Medicare payments to home health industries will decrease by 1.4% for fiscal 2016. The final amount represents 1.9% increment in payments, a 0.9% drop/cut tied to the national, systemized sixty-day episode payment and the slated 2.4% drop/cut tied to rebasing; a 4-year reduction in Medicare payments formulated by CMS to lessen its spending, Fiscal 2016 depicts the 3rd year of the phased rebasing drops/cuts.
CMS also stated it adjusted the ultimate and maximum payment cut to its value-based buying policy to 3% rather than 5% it pitched initially this year.
This will be the 1st year CMS imposes a value-based payment model to home health industries, dubbed the Home Health Quality Recording Program, which will be checked and tested in Massachusetts, Maryland, Arizona, Washington, North Carolina, Iowa, Nebraska, Florida and Tennessee.
CMS said, the payment cuts are proposed to account for an increase in case-mix claims between 2012 and 2014.
CMS on Thursday also stated that it will raise the amount it pays dialysis contributors by 0.2%, moderately less than the 0.3% increase pitched initially this year.
Let’s have a glance at the full final rule which is as follow:
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