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Medicare rate will increase 2% in 2015, boosting skilled nursing facility reimbursements

Medicare would increase skilled nursing facility reimbursements by $750 million in 2015 under an updated payment rate proposed Thursday.  The Centers for Medicare & Medicaid Services pegs each year’s payment rate to the SNF market basket, which represents the costs of goods and services needed to provide care when considering inflation. The 2015 rate would be a 2% increase from current levels, and would derive from a 2.4% market basket update reduced by 0.4% after required adjustments, CMS explained in a proposed rule…Read More

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