A Premier study shows that proposed Medicare inpatient payment updates are not keeping pace with spikes in labor costs, Healthcare Finance reports.
The PINC AI analysis shows that the proposed 3.2% hospital payment increase will not cover the more than 6.5% increase in labor rates.
The Centers for Medicare and Medicaid Services is expected to release its final rule on payment rates in the Inpatient Payment Prospective System later this spring.
Premier, a healthcare alliance serving approximately 4,400 hospitals, is urging Congressional leaders to provide additional resources to providers that are financially struggling in part due to what Premier called inadequate Medicare payment. Read more.
