Hospitals call Medicare pay proposal ‘woefully inadequate’

The’ proposed Medicare payment update for inpatient services is nowhere close to covering hospitals’ rising costs, industry groups warn the Centers for Medicare and Medicaid Services in comment letters.

Hospitals are calling on CMS to make further upward adjustments to the fiscal 2023 inpatient prospective payment system rule to compensate for underpredictions from this fiscal year’s rule and to eliminate a separate negative adjustment for…