Medicare Program; Optional Payment System for Low Medicare Volume Skilled Nursing Facilities
medicare · Centers for Medicare and Medicaid Services · Rule · Published 1995-07-21 · Effective 1995-08-21 · 60 FR 37590
Document
Document number
95-17980
Federal Register citation
60 FR 37590
CFR reference
42 CFR 413
Type
Rule
Action
Final rule.
Category
medicare
Sub-agency
Centers for Medicare and Medicaid Services
Publication date
1995-07-21
Effective date
1995-08-21
HHS docket
BPD-409-F
Abstract
This final rule allows skilled nursing facilities (SNFs) that provide fewer than 1,500 days of care to Medicare beneficiaries in a cost reporting period to have the option of receiving prospectively determined payment rates in the following cost reporting period. The prospectively determined payment rates are based on components of SNF costs such as routine operating costs, capital-related costs, and a return on equity for proprietary facilities for routine services furnished before October 1, 1993. This rule also specifies that the return on equity provision for proprietary SNFs is eliminated for services furnished on or after October 1, 1993.