Unpacking the FY 2025 Hospice Payment Final Rule
The FY25 Hospice Final Rule was recently released from CMS, bringing many updates to operational and financial processes in hospice care. We sat down with Tom Maxwell, Chairman and Co-Founder of MHA, alongside Jay Duty, COO of MHA to unpack the significant changes and their implications for hospice providers and patients.
The FY 2025 final rule introduces a 2.9% payment rate increase, reflecting an additional $790 million in payments from the previous year. We discuss how this adjustment, along with the updated aggregate cap of $34,465.34, aims to support hospice operations while balancing financial responsibilities. Additionally, the pair discusses the geographic wage index changes and their impact on hospice providers, as well as the new Hospice Outcomes and Patient Evaluation (HOPE) instrument, a transformative data collection tool enhancing patient care quality. We also delve into the new quality measures and how CMS's focus on Social Determinants of Health aims to promote health equity. Join us to understand how these changes strive to enhance hospice care delivery and patient experiences.
For more insights and resources on how to navigate the FY25 Hospice Final Rule, visit www.maxwellhca.com or contact us at sales@maxwellhca.com.
