Nursing homes will see a higher-than-expected 4.0% increase in their Medicare Part A payments starting Oct. 1, thanks to a finalized Centers for Medicare & Medicaid Services rule published in August.

While the final 2024 SNF PPS pay rule includes 0.3% more than the originally proposed raise, major provider organizations said it would still be too little to offset increasing costs, especially those likely to blossom from an expected federal staffing minimum.

“The final rule … does not address the reality of providers’ operating environments, and will, ultimately, limit older adults’ access to much-needed care and services,” said Katie Smith Sloan, president and CEO of LeadingAge.

The rule also outlined how CMS calculated the $1.4 billion hike and described an extensive series of changes to skilled nursing facilities’ value-based purchasing and quality reporting programs.