FFY 2024 IPPS Final Rule: Standardized Base Rates and DRG Weights
CMS updated FFY 2024 rates using FFY 2022 MEDPAR claims1 and cost report data from FFY 2021 Healthcare Cost Report Information System (HCRIS) data. CMS continues to reduce payments to hospitals that do not meet Hospital Inpatient Quality Reporting (IQR) or Promoting Interoperability of Electronic Health Record (EHR) (meaningful use) requirements. Decreases in the MS-DRG relative weights are capped at no more than a ten percent reduction from FFY 2023 weights.
Table 2: Final FFY 2024 IPPS Base Rates
For more information, please contact Robert Howey at robert.howey@toyonassociates.com.
1 Medicare Provider Analysis and Review (MEDPAR): Data on Medicare beneficiaries using hospital inpatient services at https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/MedicareFeeforSvcPartsAB/MEDPAR.