3.3 Percent Payment Rate Update Finalized for Inpatient Psychiatric Facilities in FY 2024

3.3 Percent Payment Rate Update Finalized for Inpatient Psychiatric Facilities in FY 2024

The Centers for Medicare and Medicaid Services (CMS) released the fiscal year (FY) 2024 inpatient psychiatric facility (IPF) prospective payment system (PPS) final rule. What it is. The final rule addresses the wage index, payment rates, and outlier threshold for IPFs for FY 2024, along with changes to the IPF quality reporting program. Why it’s important for you. CMS finalizes a 3.3 percent payment… (Slifer, July 27, 2023) #Mental and Behavioral Health, #Quality