Skilled nursing and psychiatric facilities could see payment bump: CMS

Skilled nursing facilities would get a 3.7% Medicare reimbursement increase in fiscal 2024 under a proposed rule the Centers for Medicare and Medicaid Services published Tuesday.

CMS also pledged that a long-awaited and controversial regulation establishing minimum staffing ratios at nursing homes will debut this spring. President Joe Biden announced that policy, along with other nursing home industry initiatives, during his State of the…