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Date ArticleType
7/5/2017 Payment/Reimbursement
SNF VBP Resource Series - Part 1

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. 

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.

The American Health Care Association (AHCA) has several resources designed to support members in reducing rehospitalizations. Each month, we will spotlight one of those resources in a new 10-part series.  The first resource in this series is Reducing Rehospitalization: Practical Strategies for Success

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!