Welcome to the HRP Press Room
Date: Aug. 7, 2008
Contact: Rebecca Stodolak
Phone: (732) 292-1100
90-Minute Audio Conference
Scheduled for Thursday, Sept. 11, 2008
from 1:30-3:00 pm ET
MANASQUAN, N.J. -- Aug. 7, 2008: The Centers for Medicare and Medicaid Services (CMS) has released its fiscal year 2009 Medicare inpatient prospective payment system final rule that will become effective October 1, 2008. The final rule continues the transformation of the Medicare program by proposing a number of payment policies that would help protect Medicare solvency, CMS said.
FY 2009 marks the end of the transition to the new Medicare-Severity DRG (MS-DRG) system. As mandated by Congress, the final rule includes a prospective 0.9 percent cut to the standardized amount to eliminate the effect of coding and classification changes that they say do not reflect real changes in case mix.
Additional provisions include the maintenance of the current methodology for payment weight calculations based on a cost-based hospital specific relative value (HSRV) weighting methodology, and changes in reimbursement for outliers and transfers.
The final rule also includes significant expansions to quality measures and hospital-acquired conditions (HAC). Hospitals that submit data on 30 quality measures will receive a 3.6 percent market-basket increase, while those hospitals not submitting data will receive a 1.6 percent update.
The changes will result in redistributions of Medicare reimbursement.
Some hospitals may find that these changes will have a significant impact on operations. It is very important for hospital senior management to understand the consequences of new regulations as soon as possible to be prepared.
Looking for a comprehensive summary of the changes? And have any questions you'd like to ask our expert panel?
Join Healthcare Reimbursement Monitor and the reimbursement experts from CBIZ KA Consulting Services for the new audio webcast, “Management Briefing: Medicare Inpatient Prospective Payment System Final Rule for FY2009,” which is scheduled for Thursday, September 11, 2008 from 1:30-3:00 PM EDT.
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