Overview of Hospice Payment Rates for 2014
Tuesday, September 17, 2013
by: Policy Team

Section: Public Policy and Advocacy

FY 2014 Hospice Payment Rates:
The FY 2014 payment rates will be the FY 2013 payment rates, increased by 1.7 percent, which is the final hospital market basket update for FY 2014 (2.5 percent) less a productivity adjustment of 0.5 percentage point, less 0.3 percentage point. The FY 2014 hospice payment rates are effective for care and services furnished on or after October 1, 2013, through September 30, 2014.

FY 2014 for Hospices That Do Not Submit the Required Quality Data:
Beginning in FY 2014, hospices which fail to report quality data will have their market basket update reduced by 2 percentage points.
Hospice Cap:
The latest hospice cap amount for the cap year ending October 31, 2013, is $26,157.50. This represents an increase of $780.49 per patient over the previous cap amount of $25,377.01. 
See more details at: http://www.cms.gov/Regulations-and-Guidance/Guidance/Transmittals/Downloads/R2766CP.pdf
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