Margin pressures from the proposed cuts to Medicare home health rates could impact palliative care and hospice. The U.S. Centers for Medicare & Medicaid Services (CMS) in June released its proposed home health reimbursement rule for 2023, which included a 4.2% reduction in aggregate payments totaling an estimated $810 million. The agency cited budget neutrality […]
More than a dozen hospice advocacy groups have called on congressional leadership to intervene in a proposed 2.7% bump in Medicare payments, which they say is insufficient in light of COVID-19 and staffing headwinds. The organizations signed a letter to party leaders in both chambers of Congress. Signatories included the National Hospice & Palliative Care […]
As hospices explore greater participation in alternative payment models, the Medicare Payment Advisory Commission (MedPAC) is urging Congress to reduce and restructure those programs. Hospice providers have been eying APMs emerging from the Center for Medicare & Medicaid Innovation (CMMI). These models represent an entry point to value-based reimbursement, as well as a means to […]
An overwhelming majority of hospice providers have seen costs of patient care rise 3% to 10% since 2019, and many expect further increases next year. This is prompting calls for Medicare to reconsider proposed 2023 reimbursement rates. Specifically, close to 98% of respondents to a May survey of National Hospice and Palliative Care Organization (NHPCO) […]
Exploring partnerships with Accountable Care Organizations (ACOs) may help palliative care providers grow and sustain their programs, but they would need to prioritize cost effectiveness and their capacity to receive new patients. ACOs are among the many health care stakeholders that are grappling with the question of how to best serve the burgeoning population of […]
The U.S. Centers for Medicare & Medicaid Services (CMS) recently proposed a 2.7% pay increase for hospice care for Fiscal Year 2023. However, that amount may be a drop in the bucket as COVID-19 headwinds rage, inflation surges and employee wages climb. Beyond the rising costs, Medicare is phasing in the return of payment sequestration, […]
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