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CMS reduces pay bump for skilled-nursing facilities in fiscal ‘16
Modern Healthcare

Skilled-nursing facilities will get a smaller rate increase than initially proposed by the CMS for fiscal 2016. The providers will now receive a 1.2% Medicare rate increase, leading to $430 million in higher payments.In April, the agency initially proposed a 1.4% rate increase that would have led to $500 million in higher Medicare payments.The decrease is due to various changes in calculations including inflation predictions, according to a CMS spokesman.The finalized rule increase is down from the 2% bump, or additional $750 million, that the facilities received for fiscal 2015.