Senior Living Health Care Connection: 2018 PPS rates correction
SENIOR LIVING HEALTH CARE CONNECTION |
The Centers for Medicare and Medicaid Services (CMS) published a correction notice on Oct. 4, 2017, updating the fiscal year 2018 skilled nursing facilities’ prospective payment system (SNF PPS) rates which were originally published in the Aug. 4, 2017 Federal Register. The Aug. 4 notice contained errors in calculating the wage data for hospitals necessitating recalculation of the 2018 SNF PPS final rule. CMS’ pricing software has implemented the new rates, and even though the changes are small, if facilities don’t update their billing systems with the Oct. 4 adjusted rates, small balances will remain in the accounts receivable aging for the Medicare claims. Facilities must update their billing systems to reflect the changes. These new rates are effective for the period from Oct. 1, 2017 through Sept. 30, 2018.
For more information, contact Joan McCarthy at +1 312 634 3479.