Hospice Payment Rates to Increase by 3.3 Percentage Points, Effective October 1

The Centers for Medicare & Medicaid Services (CMS) released the updated payment rates for hospice care and the hospice cap amount last week. The rates will increase by 3.3 percentage points, the total market basket percentage increase forecasted for fiscal year (FY) 2008. The new rates are effective for services provided on or after Oct.…