CMS Finalizes FY2021 Hospice Wage Index, Payment Rates and Election Statement/Addendum Requirements

On Friday, July 31, 2020, the Centers for Medicare & Medicaid Services (CMS) issued its final FY2021 hospice payment rule containing updates for the applicable wage index, payment rates (with a 2.4 percentage update), and cap amount. The rule incorporates, as part of the FY2021 wage index, recent Office of Management and Budget statistical area…