Get Ready for the New Medicare & Medicaid Changes in FY 2023===
The Centers for Medicare & Medicaid Services (CMS) has announced exciting updates for the Hospital Inpatient Prospective Payment System (IPPS) and Long-Term Care Hospital (LTCH) Prospective Payment System (PPS) for Fiscal Year 2023. With the new final rule set to take effect from October 1, 2022, there are several key provisions that will improve the quality of care and payment policies for hospitals. Let’s dive into the latest changes and what they mean for the healthcare industry.
Get Excited: What’s New in Medicare & Medicaid for FY 2023 Hospitals
CMS has introduced some significant changes to the IPPS and LTCH PPS to modernize and enhance the hospital payment policies. One of the most exciting updates is the new add-on payment for COVID-19 treatments, which will provide additional reimbursement for eligible hospitals that administer authorized COVID-19 therapies. Additionally, CMS has introduced new quality measures and performance standards to ensure hospitals provide high-quality care to patients. The new policies will also incentivize hospitals to shift towards digital health technologies, such as telehealth services.
IPPS & LTCH PPS: A Peek into the Future of Hospital Payment Policies
The new IPPS and LTCH PPS policies are designed to promote equity and value-based care by streamlining the payment systems for hospitals. CMS has updated the wage index, which will increase payments to hospitals in lower-income areas and help close the gap in healthcare disparities. The agency has also introduced a new payment methodology for CAR-T cell therapies, which will provide more accurate reimbursements to hospitals that provide these cutting-edge cancer treatments. Furthermore, CMS has proposed new policies to allow non-physician practitioners, such as nurse practitioners and physician assistants, to provide expanded telehealth services.
CMS Final Rule FY 2023: The Latest on Inpatient & Long-Term Care Hospitals
The final rule for FY 2023 will bring several changes that will benefit both inpatient and long-term care hospitals. CMS has introduced new policies to reduce administrative burden and improve transparency in the payment systems. The agency has also proposed changes to the Hospital Readmissions Reduction Program, which will align the program with the Quality Payment Program and encourage hospitals to provide better care coordination for patients. Additionally, CMS has proposed new policies to expand access to advance care planning services for patients in long-term care hospitals.
Embracing the Future of Healthcare with Medicare & Medicaid Changes===
The new updates to Medicare and Medicaid policies for hospitals in FY 2023 are a step towards improving the quality of care and promoting value-based care. With these changes, hospitals will be able to provide better care to patients and receive accurate reimbursements for their services. These updates also reflect the changing landscape of healthcare, with a focus on telehealth and digital health technologies. As we move towards a more equitable and patient-centric healthcare system, these new policies will play a crucial role in shaping the future of healthcare in the United States.