Medicare Part A Skilled Nursing Facility (SNF) Prospective Payment System (PPS) Pricer Update FY 2022
This article tells you there’s an update to the payment rates CMS uses for the SNF PPS for FY 2022. Section 1888(e) of the Social Security Act requires annual updates to the PPS rates. Each July, CMS publishes the SNF payment rates for the upcoming Fiscal Year (FY) (that is, October 1, 2021 through September 30, 2022) in the Federal Register, available online. We use an update method similar to what we used in the previous year. This includes a forecast error adjustment whenever the difference between the forecasted and actual change in the SNF market basket exceeds a 0.5 percentage point threshold. The payment rates will be effective for service dates beginning October 1, 2021, through September 30, 2022.