|
COPYRIGHT 2004 Thomson Financial Inc.
For only the third time in twenty-one years, hospitals will receive a full "market-basket" update under Medicare's inpatient prospective payment system in fiscal year 2005, but only if they submit quality information to the Centers for Medicare and Medicaid Services.
So says CMS's proposed IPPS rule, reflecting the terms of last year's Medicare Modernization Act. The agency estimates that the market-basket increase, i.e., the projected rate of inflation in goods and services used by hospitals, will be 3.3 percent. Because of this and other adjustments, CMS...
Read the full article for free courtesy of your local library.
|