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CMS Issues FY 2023 SNF Final Payment Rule

CMS has issued the SNF Prospective Payment System (PPS) FY 2023 Final Rule. The final rule calls for a 2.7% net market basket increase for Medicare, effective 10/1/22. This approximates $904M nationwide.

The 2.7% net increase reflects a negative 2.3% PDPM parity adjustment (which is one-half of the final 4.6% PDPM parity adjustment authorized by CMS to maintain budget neutrality.) The remaining negative 2.3% parity adjustment will be delayed and implemented in FY 2024.

Attached is the AHCA final payment rule summary with further details including a link to the CMs Final Rule in its entirety.

NYSHFA/NYSCAL CONTACTS:

Carl J. Pucci
Chief Financial Officer
518-462-4800 x36