CHA News Article

CMS Issues Hospice Wage Index Payment Update

The Centers for Medicare & Medicaid Services has issued a payment update notice for the Medicare Hospice Wage Index for fiscal year (FY) 2013. Hospices serving Medicare beneficiaries will see an estimated 0.9 percent increase in their payments for FY 2013. The hospice payment increase is the net result of a 1.6 percent increase in the “hospital market basket” update, offset by a 0.7 percent decrease in payments to hospices due to updated wage index data and the fourth year of CMS’ seven-year phase-out of its wage index budget neutrality adjustment factor. The new Hospice Wage Index will be effective for services furnished on or after Oct. 1, 2012. The notice is available in the July 27 Federal Register at http://www.gpo.gov/fdsys/pkg/FR-2012-07-27/pdf/2012-18336.pdf.

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