Thanks Kathy. That’s pretty much our read. Our finance guys are combing through it now. Will keep you posted.

Laura Wilson, RN, BSN, COS-C

MANAGING DIRECTOR

SimiTree Healthcare Consulting

Minneapolis, MN

Office: 860.200.8116 Ext. 333

Cell: 763.486.8317 | lwilson@simitreehc.com

www.simitreehc.com

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The Final Rule was published within the last hour – late in the day of Halloween, as CMS is known for! Stay tuned – MHCA will send a brief overview tomorrow. Here’s a brief overview:

CY2023 payment update 0.7 percent (includes a 4.0% Marketbasket update) (Proposed rule MB was 3.3%)

Permanent adjustment is finalized at 7.85% (worse than proposed) but for CY2023, Permanent adjustment is 3.925%.

Bottom Line: We got some relief for calendar year CY2023 only (but they increased the overall Perm adjustment from 7.69 to 7.85%) and the temporary adjustments (clawback) still loom. It is what we expected – phasing in the first year of the permanent cut. CMS has NOT changed their methodology at all – very problematic for industry. This rule sets in motion massive cuts that will have long term negative consequences for HH.

It’s truly a “trick or treat” Final Rule!

Kind Regards,

Kathy Messerli

Executive Director

Minnesota Home Care Association

1265 Grey Fox Road, Suite 2 | Arden Hills, MN 55112-6929

Direct: 651.635.0038 | Main: 651.635.0607