The Centers for Medicare & Medicaid Services late today issued a final rule to update the payment rates for inpatient psychiatric facilities for fiscal year 2020. CMS finalized a net payment increase of 1.5%, or $65 million, compared to FY 2019. This includes a 2.9% market-basket update, offset by statutorily required reductions of 1.15 percentage points and a 0.23 percentage point reduction related to the outlier threshold update. The payment update also reflects the revision and rebasing of the market basket using more recent data. In addition, CMS will add for FY 2021 payment determination one quality measure on medication continuation following discharge and requests comment on future topics for measurement. Changes will take effect Oct. 1. 

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