CMS Finalizes $750M Medicare Payment Boost for Nursing Homes in Fiscal 2021

The federal government on Friday finalized a previously proposed rule that will bring a 2.2% Medicare payment bump to the nation’s skilled nursing facilities. Under the Centers for Medicare & Medicaid Services’ (CMS) 2021 payment rule, facilities will see a total increase of $750 million in Medicare reimbursements over the next fiscal year, which begins this coming October 1. That’s a slight decline from the 2.3% raise proposed in April, which would have translated to a $784 million increase.