CMS releases FY 2024 final rule for inpatient rehabilitation facilities

The Centers for Medicare & Medicaid Services today released its fiscal year 2024 Inpatient Rehabilitation Facility Prospective Payment System final rule. The rule increases payments by an estimated 4%, or $355 million, in FY 2024 relative to 2023. This includes a market basket update of 3.6%, reduced by 0.2 percentage point for productivity and increased by 0.6 percentage point due to a change in the outlier threshold. CMS also finalized its proposals to adopt two new measures under the IRF Quality Reporting Program as well as a modified version of an existing measure, while removing three measures. In addition, CMS finalized proposals to begin public reporting of four measures under the IRF QRP.