New SNF Value Based Purchasing Resource Series: Part 1 of 10
Starting October 1, 2018, all skilled nursing facility (SNF) Medicare Part A rates will be cut by 2 percent to fund an incentive payment pool. At that time, the Centers for Medicare & Medicaid Services (CMS) will adjust payments and return some amount to providers based on how well they do in managing hospital readmissions by meeting or exceeding performance standards. This CMS effort, the SNF Value Based Purchasing (VBP) Program, links financial outcomes to quality performance. This week we are kicking off the first of a 10-part series spotlighting new resources designed by AHCA to support members in reducing rehospitalizations. The first resource in this series is Reducing Rehospitalization: Practical Strategies for Success.
Providers may think they don’t have to focus on the SNF VBP program yet as it does not affect payment until 2018. But CMS is currently collecting rehospitalization data that will be used to determine how much centers earn back.
Hospital readmissions affect SNF payment, Five-Star ratings, access to participation in preferred networks, and quality measures. In these changing times, to be competitive, you must have a low readmission rate.
Check out Reducing Rehospitalization: Practical Strategies for Success to learn specific strategies to reduce rehospitalizations.
For more information about the SNF VBP program and to access additional resources and tools, visit the AHCA SNF VBP website here.
Take action today!
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