The Prospective Payment System (PPS) is a reimbursement method in which a Medicare payment is made based on a predetermined, fixed amount: the PPS rate. Different Prospective Payment Systems are used for reimbursement to different services.
A proposed rule that would establish FY 2018 Medicare prospective payment system (PPS) rates for inpatient rehabilitation facility (IRF) services was recently published by the CMS. If adopted, IRF PPS payments would increase by 1.0% overall for fiscal year 2018 compared to 2017.
Read more about the PPS Rate for 2018 IRF Services
It is important for our clients to understand changes that will be made to their Medicare payments and how that will impact their budget. Also, it is extremely important to be informed on what penalties exist for failure to comply with reporting requirements. As always, understanding the factors that impact reimbursement is critical to maintaining a healthy bottom line.
MedCom Solutions uses a combination of clinical expertise and proprietary technology to help healthcare facilities revamp and improve their Chargemaster, Pricing and Compliance solutions. The end result is better charge code validity, improved charge capture systems, and increased revenues. To see all the ways about MedCom Solutions can help you maintain a healthy bottom line, visit our homepage, read our other blogs, or contact us today!