CMS agrees to 3.3% payment hike for SNFs

Share this article:

The Centers for Medicare & Medicaid Services approved a 3.3% rise in Medicare payments for skilled nursing facilities for fiscal year 2008. The increase will yield approximately $690 million more in payments next year, CMS said.

The rule, which will be published Friday in the Federal Register, bases the new payment on marketbasket data from 2004. Daily rates currently are based on data from fiscal year 1997, according to CMS. The agency uses the marketbasket as a cost-of-living measurement to determine payment increases.

The new SNF pay rates will include a special adjustment to cover the additional services required by nursing home residents with HIV/AIDS, Medicare said.
Share this article:

More in News

Proposed managed care rule could accelerate shift away from nursing home care, official suggests

Proposed managed care rule could accelerate shift away ...

Proposed regulations slated for early 2015 likely will affect how Medicaid managed care balances home- versus facility-based long-term care, news sources reported Wednesday.

Assisted living residents say 'homelike' setting not so important

Contrary to conventional wisdom, assisted living residents might not place a high value on how "homelike" their surroundings are, suggest findings out of St. Catherine University in St. Paul, MN.

Adjust residents' hearing aids before they listen to music, researcher advises

Nursing home residents might get more enjoyment and therapeutic value out of music if they change hearing aid settings, recently published findings suggest.