The U.S. Centers for Medicare & Medicaid Services (CMS) released its CY 2024 home health final payment rule Wednesday.
It comes with an estimated aggregate increase to 2024 home health payments of 0.8%, or $140 million, compared to 2023 aggregate payments.
“The $140 million increase in estimated payments for CY 2024 reflects the effects of the CY 2024 home health payment update percentage of 3.0% ($525 million increase), an estimated 2.6% decrease that reflects the effects of the permanent behavioral assumption adjustment ($455 million) and an estimated 0.4% increase that reflects the effects of an updated FDL ($70 million increase),” the unpublished version of the final rule read.
CMS is finalizing a permanent prospective adjustment of -2.890% to the CY 2024 home health payment rate, short of the -5.1% adjustment proposed in June.
A -3.925% permanent rate adjustment was already implemented in 2023.
The agency had proposed a 2.2% aggregate decrease in 2024 in June.
This is a developing story. Please check homehealthcarenews.com later for updates.
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