Bloomberg Law
July 27, 2022, 8:31 PM

Psychiatric Facilities to Get $90 Million Pay Hike From Medicare

Allie Reed
Allie Reed

Psychiatric facilities will get an extra $90 million in Medicare payments for fiscal 2023 under a final rule issued Wednesday by the Centers for Medicare & Medicaid Services.

The increase would be a 3.8% bump in payment rate, according to the final rule (RIN: 0938-AU80).

Inpatient psychiatric facilities include both psychiatric hospitals for longer-term care, and acute treatment units that are part of general hospitals.

The boost is more than what the Biden administration pitched in a proposed rule.

The Biden administration also finalized a proposal to cap decreases in the wage index at 5% to stabilize ...