The Centers for Medicare and Medicaid Services (CMS) issued the federal fiscal year 2024 Inpatient Prospective Payment System (IPPS) and long-term care hospital prospective payment system (LTCH PPS) proposed rule April 10.
The proposed increase in operating payment rates for general acute care hospitals paid under the IPPS is 2.8% if they successfully participate in the Hospital Inpatient Quality Reporting (IQR) program and are meaningful electronic health record (EHR) users. This reflects a projected FY2024 hospital market basket percentage increase of 3%, reduced by a 0.2 percentage point productivity adjustment. The proposed increase in IPPS payment rates would increase hospital payments in FY2024 by $3.3 billion.
The American College of Radiology® (ACR®) will produce a detailed summary of this rule with additional information about radiology-related topics, such as new technology add-on payments (NTAP), payments for graduate medical education costs and changes to the IQR program.