CMS releases final rule on 2016 Medicare payments for Skilled Nursing Facilities

(By – JJ Lee, stateofreform.com)

The Centers for Medicare & Medicaid Services (CMS) issued its final rule outlining changes to payment rates and policies. Noteworthy changes include: (1) final rate setting for Medicare Skilled Nursing Facility (SNF) payments (2) the addition of an all-condition hospital readmission quality measure and adoption of the SNF Value-Based Purchasing (VBP) Program, (3) implementation of new regulatory reporting requirement.

The FY 2016 rule marks the transition away from fee-for-service and  towards value-based payment in the Medicare system with an eye on the entire health care system, according to CMS. Read more…

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