CMS releases FY 2024 final rule for inpatient psychiatric facilities
![CMS Final Rule](/sites/default/files/styles/900x400/public/2018-04/CMS%20Final%20Rule.jpg?itok=keIa-a4M)
The Centers for Medicare & Medicaid Services today released its fiscal year 2024 final rule for the inpatient psychiatric facility prospective payment system, which updates the IPF payment rate by a net 2.4% in FY 2024. The rule rebases and revises the IPF PPS market basket using FY 2021 data; adopts four new quality measures; and allows IPFs to open a new unit at any time during the cost reporting period, among other changes.
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