September 4, 2020
CMS Releases IPPS FY 2021 Final Rule
On Tuesday, CMS released its Inpatient Prospective Payment System (IPPS) final rule for FY 2021. The rule, which becomes effective on October 1st, increases inpatient payments by $3.5 billion in FY 2021. The rule finalizes the requirement for hospitals to report the median negotiated charges by MS-DRG for all Medicare Advantage (MA) payers for cost reporting periods ending on or after January 1, 2021. This is a departure from the proposed rule, which would have required the data to be reported for all third-party payers, not just MA. For further details on this rule, click here.
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