CMS hikes Medicare pay for rehab, psychiatric and hospice providers

Inpatient rehabilitation facilities, inpatient psychiatric facilities and hospice providers will see a boost in Medicare payment next fiscal year.

In regulations issued Wednesday, the Centers for Medicare and Medicaid Services finalized a 3.8% payment update for hospices, which amounts to an estimated $825 million increase from 2022. Inpatient rehabilitation providers will see an overall 3.2% update, about $275 million more, while inpatient…