Final Rule - McKnight's Long Term Care News

Final Rule

2.2% Medicare raise slated for nursing homes

Nursing home operators will receive an aggregate $750 million Medicare pay increase for fiscal year 2021 under a final rule announced Friday by the Centers for Medicare & Medicaid Services. It would amount to a 2.2% net increase starting Oct. 1, 2020, when fiscal year 2021 begins.

CMS promises ICD-10 software six months in advance

Providers will receive needed coding and billing software six months before the ICD-10 transition date, the Centers for Medicare & Medicaid Services has announced. This is double the lead time that providers had for a planned 2014 transition, which was delayed by a year.

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