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All posts tagged with “Regulatory News.”
CMS seeks input on Medicare Advantage transparency policy
02/08/24 at 03:00 AMCMS seeks input on Medicare Advantage transparency policyModern Healthcare, by Alison Bennett; 1/25/24The Centers for Medicare and Medicaid Services wants public input to guide possible future regulations to mandate greater transparency from Medicare Advantage plans, according to a request for information issued Thursday. The agency has sought to shed more light on Medicare Advantage operations and finances in recent years and required insurers to reveal information in areas such as medical loss ratio calculations, prior authorization processes, supplemental benefits and health equity.
CMS proposes Medicare Advantage rate cut
02/06/24 at 04:00 AMCMS proposes Medicare Advantage rate cutBecker's Payer Issues, by Rylee Wilson; 1/31/24CMS proposed a slight decrease in Medicare Advantage benchmark payments for 2025. The agency issued its proposed 2025 rate notice Jan. 31, cutting benchmark payments by 0.2% on average. Risk model revision will amount to a 2.45% decline in revenue, according to a fact sheet issued by the agency. Plans should expect to see 3.7% higher revenue overall, with an MA risk score trend of 3.86% — the average increase in risk adjustment payments year over year — offsetting risk model revisions and a projected decline in star rating bonuses.
Palmetto Hospice updates and review webinar: February 13, 2024
02/06/24 at 04:00 AMPalmetto Hospice updates and review webinar: February 13, 2024Press release; 2/5/24Webinar 2/13/24 @ 1:00 PM ET. Please click here to register for this webinar session. This session is designed to provide insight for your Hospice agency staff. During this session, a representative will provide Hospice Billing Updates, Value-Based Insurance Design (VBID) Model information, 2024 Final Rule Summary and other helpful information and tips.
Medicare Advantage profitability on the decline, Moody's finds
02/06/24 at 04:00 AMMedicare Advantage profitability on the decline, Moody's findsHealthcare Finance, by Jeff Lagasse; 2/2/24A significant spike in utilization is putting cost pressure on insureres, which will likely affect earnings. While Medicare Advantage remains attractive to the healthcare industry due to strong growth, high revenue and earnings per member, profitability is on the decline, according to a new analysis by Moody's Investor Service.
'A monumental shift': Home health providers believe review choice demonstration is here to stay
02/05/24 at 04:00 AMReview choice demonstration is here to stayHome Health Care News, by Patrick Filbin; 2/1/24The Centers for Medicare & Medicaid Services (CMS) has been tight-lipped about its Review Choice Demonstration (RCD) plans beyond May 2024. However, industry leaders believe RCD will be extended across the country on a more permanent basis — a development that agency leaders should recognize as a momentum shifting change. “We’re seeing a monumental shift in home health care and how we actually operate,” Kim Gaffey, founder and CEO of Gaffey Home Nursing and Hospice, said during a webinar Thursday.
Has Medicare Advantage lost its luster?
01/31/24 at 04:00 AMHas Medicare Advantage lost its luster?Becker's Payer Issues, by Rylee Wilson; 1/29/24Though Medicare Advantage enrollment keeps climbing, the program may not have the profitability it once did for insurers. In a January analysis shared with Becker's, Moody's analysts wrote that the program "seems to be losing some of its luster," facing a significant increase in medical costs and lower reimbursement rates from CMS. Earnings in Medicare Advantage shrunk by 2.1% among the insurers Moody's rated from 2019 to 2022, despite premiums and members growing by 40% in the same time period.
It is going to be a bad year (or more) for the Medicare business
01/31/24 at 04:00 AMIt is going to be a bad year (or more) for the Medicare businessWall Street Journal, by David Wainer; 1/25/24America’s seniors are going to keep up their elevated use of the medical system throughout the year. That is the message from Humana’s earnings release on Thursday, which is sending stocks of insurance giants sliding.
‘Crying wolf’ or dying breed? Incentives often ignore plight of rural skilled nursing operators
01/30/24 at 04:00 AM‘Crying wolf’ or dying breed? Incentives often ignore plight of rural skilled nursing operatorsMcKnights Long-Term Care News, by Kimberly Marselas; 1/29/24As hundreds of nursing homes have shuttered in the last few years, the very strategies meant to prop up the sector have often left the most isolated, resource-strapped facilities with nothing gained. Several new federal payment models and insurance programs are designed to allow skilled nursing providers to take on financial risk, tap into new revenue streams or access additional staffing and clinical resources.
In-home care providers await updates on CMS Medicaid proposal, begin preparing for 80/20 rule
01/29/24 at 04:00 AMIn-home care providers await updates on CMS Medicaid proposal, begin preparing for 80/20 ruleHome Health Care News, by Patrick Filbin; 1/23/24Drawing parallels between the intentions of the Centers for Medicare & Medicaid Services (CMS) and the narrative of a Charles Dickens novel is an uncommon venture. ... “When the 80/20 rule came out, many of us saw this as a ‘Tale of Two Cities’ situation,” Dave Totaro, chief government affairs officer at Bayada Home Health Care, recently said during a Home Health Care News webinar.
'Rock bottom': San Antonio doctor addicted to opioids wrote fake prescriptions for 40,000 doses
01/26/24 at 04:00 AM'Rock bottom': San Antonio doctor addicted to opioids wrote fake prescriptions for 40,000 dosesSan Antonio Express-News, by Guillermo Contreras; 1/23/24
Home health benefit will become a 'skeleton' if Medicare payment adjustments continue, industry leader cautions
01/26/24 at 04:00 AMHome health benefit will become a 'skeleton' if Medicare payment adjustments continue, industry leader cautionsHome Health Care News, by Joyce Famakinwa; 1/23/24... The 2024 final home health payment rule included a 0.8% aggregate payment increase and a permanent prospective adjustment of -2.890%, plus dozens of other notable changes to home health care. ... With these cuts, NAHC [National Association for Home Care & Hospice] has estimated that 48% of all home health agencies will have overall negative margins in 2024.
CMS confirms nursing home staffing ratios to finalize this year
01/26/24 at 04:00 AMCMS confirms nursing home staffing ratios to finalize this yearBecker's Hospital Review, by Mariah Taylor; 1/24/24CMS said it will finalize the nursing home minimum staffing proposal in 2024, officials said in a national stakeholder call Jan. 23. The CMS team said they received more than 46,000 comments on the proposal, which was used to inform the final rule.
Historic 21.3 million people choose ACA Marketplace coverage
01/25/24 at 04:00 AMHistoric 21.3 million people choose ACA Marketplace coverageCMS.gov Press Release; 1/24/24Marketplace enrollment climbs nearly 5 million higher than previous year. ... Total plan selections include more than five million people — about a fourth — who are new to the Marketplaces and 16 million people who renewed their coverage. Notably, open enrollment continues in four states and Washington, D.C., through January 31.
Current CMS Policy Priorities and Initiatives in Quarter 4
01/24/24 at 04:00 AMCMS Strategic Plan [last modified 1/23/24]CMS.gov; 1/23/24[Includes CMS Strategic Pillars; CMS Accomplishments for 2022; 2023 CMS Strategic Framework; Cross-Cutting Initiatives; more]
Number of Georgians dropped from Medicaid nears 500,000
01/23/24 at 04:00 AMNumber of Georgians dropped from Medicaid nears 500,000 The Atlanta-Journal Constitution, by Ariel Hart; 1/22/24Georgia has dropped at least 488,000 from Medicaid, the government health insurance for the poor, as part of a federally mandated project to ensure those covered by the program qualify to remain on it.
$15 billion win for physicians on prior authorization
01/22/24 at 04:00 AM$15 billion win for physicians on prior authorizationAMA, by Kevin B. O'Reilly; 1/18/24Under the leadership of Administrator Chiquita Brooks-LaSure, the Centers for Medicare & Medicaid Services (CMS) has released a final rule making important reforms to prior authorization to cut patient care delays and electronically streamline the process for physicians. Together, the changes will save physician practices an estimated $15 billion over 10 years, according to the U.S. Department of Health and Human Services (HHS).
Nursing home operators feel there’s a lot to learn from hospice surveys despite regulatory differences
01/22/24 at 04:00 AMNursing home operators feel there’s a lot to learn from hospice surveys despite regulatory differencesSkilled Nursing News, by Amy Stulick; 1/18/24Many nursing home operators that also have hospice operations can’t help but notice that the survey process on the hospice end is generally a more positive experience than in the nursing home world. And some say the collaborative nature – between facilities and the federal government – of hospice surveys can and should be replicated for nursing homes.
Owner of defunct Skyline chain pleads guilty in $39M fraud case
01/19/24 at 04:00 AMOwner of defunct Skyline chain pleads guilty in $39M fraud caseMcKnight's Long-Term Care News, by Kimberly Marselas; 1/18/24Joseph Schwartz, former owner of Skyline Management and a 90-plus nursing home empire whose collapse sent patients and workers scrambling in 2018, pleaded guilty Wednesday to his role in a $39 million fraud scheme.
Congressional advisors grapple with Medicare Advantage data that reveals plenty on excess, but not much on access
01/19/24 at 04:00 AMCongressional advisors grapple with Medicare Advantage data that reveals plenty on excess, but not much on accessMcKnight's Long-Term Care News, by Kimberly Marselas; 1/16/24Medicare Advantage risk scores continue to rise, inflating payments to the private plans that far exceed their actual costs, staff for a Congressional advisory commission warned members Friday. The Centers for Medicare & Medicaid Services uses risk scores, based on patient demographics and their needs, to establish payments to plans during each bid season.
MedPAC approves hospital, physician pay bump; Doubles down on post-acute cuts
01/18/24 at 04:00 AMMedPAC approves hospital, physician pay bump; Doubles down on post-acute cutsInsideHealth Policy, by Bridget Early; 1/12/24Congress’ Medicare pay advisors recommended pay raises in 2025 for hospitals and physicians along with extra so-called Medicare safety-net pay and voted Thursday ... to recommend a second year’s worth of post-acute pay cuts as it approved proposals that would lower base pay rates for skilled nursing facilities, home health agencies and inpatient rehabilitation facilities.
Acute hospital care at home data release fact sheet
01/18/24 at 04:00 AMAcute hospital care at home data release fact sheetCMS.gov, Newsroom; 1/16/24A public release of the data submitted to CMS as part of the Acute Hospital Care at Home initiative will be available beginning on January 16, 2024. CMS plans to release data through the Research and Data Assistance Center (ResDAC), collected from November 27, 2020, through March 30, 2023.
OIG report has clues for 2024 healthcare fraud enforcement
01/18/24 at 04:00 AMOIG report has clues for 2024 healthcare fraud enforcementLAW360, by Mackenzie Wortley, Elizabeth Nevins and Megan Miller; 1/16/24In late 2023, the U.S. Department of Health and Human Services and the U.S. Department of Justice released the Health Care Fraud and Abuse Control Program Annual Report for fiscal year 2022, highlighting continued enforcement and recovery actions under the program.
Hospice providers: CON laws need overhaul in some states
01/16/24 at 04:00 AMHospice providers: CON laws need overhaul in some statesHospice News, by Holly Vossel; 1/12/24Some hospice providers have hit roadblocks when it comes to navigating needs determination methodologies certificate of need (CON) laws in certain states, citing outdated processes for assessing underserved populations.
CMS terminates 2 Centene Medicare Advantage plans
01/11/24 at 04:00 AMCMS terminates 2 Centene Medicare Advantage plansModern Healthcare, by Nona Tepper; 1/8/24A pair of Centene Medicare Advantage plans must suspend enrollment and marketing because of poor star ratings, the Centers for Medicare and Medicaid Services notified the company.