The Centers for Medicare & Medicaid Services late yesterday issued a proposed rule for the inpatient psychiatric facility prospective payment system for fiscal year 2023.

CMS proposes to increase IPF payments by a net 2.7%, equivalent to $50 million, in FY 2023. The 2.7% payment update reflects a 3.1% market basket update minus a 0.4-percentage-point productivity adjustment, and maintains a 0.2-percentage-point adjustment for the outlier fixed dollar loss threshold amount. CMS also proposes to cap wage index decreases at 5% to mitigate instability in IPF PPS payments; and solicits comments on refinements to the adjustment model used to calculate IPF PPS payments.

CMS does not propose any changes to the IPF Quality Reporting Program, but does request feedback on how it can use measurement and stratification as tools to address health care disparities. CMS will accept comments on the rule through May 31.

Related News Articles

Headline
The Centers for Medicare & Medicaid Services May 21 announced it will immediately begin annual audits of all Medicare Advantage plans and work to clear a…
Headline
The Centers for Medicare & Medicaid Services May 12 released draft guidance for the third round of negotiations for the Medicare Drug Price Negotiation…
Headline
Leaders from the Centers for Medicare & Medicaid Services at the 2025 AHA Annual Membership Meeting May 5 discussed issues on the agency’s agenda in a…
Headline
The AHA April 30 released a report highlighting how hospitals and health systems continue to experience significant financial headwinds that can challenge…
Headline
The Supreme Court April 29 ruled 7-2 in favor of the Department of Health and Human Services in a case that challenged how HHS applied Congress’ formula for…
News
The Centers for Medicare & Medicaid Services April 7 released finalized payment rates for calendar year 2026 Medicare Advantage and Part D plans. Payments…