Improving Medicare Payments for Psychiatric Hospitals
This act aims to improve the Medicare payment system for psychiatric hospitals and units. New data on services and patient needs will be collected, leading to fairer payment rates and better alignment with actual treatment costs. Citizens can expect psychiatric hospitals to have more stable funding, potentially resulting in improved quality of care.
Key points
New Data Collection: Starting October 2023, Medicare will collect detailed data on services, costs, and patient needs in psychiatric hospitals, including monitoring intensity and interventions.
Payment Rate Revisions: From 2025, payment rates for psychiatric hospitals may be revised based on collected data to better reflect care costs.
Standardized Patient Assessment: From 2028, psychiatric hospitals must submit standardized patient assessment data (e.g., functional status, cognitive function) upon admission and discharge, allowing for quality comparisons.
Funding for Improvements: $10 million is allocated for implementing the standardized patient assessment instrument.
Further Payment Adjustments: From 2031, the payment system may be further adjusted, incorporating the collected standardized patient data to better align funding with case complexity.
Expired
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