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OMFS Update for Inpatient Hospital Services(Effective for discharges occurring on or after March 15, 2021)1. Data Sources a. The Medicare FY21 update to the inpatient prospective payment system was
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Access the official website of CMS to obtain the fy21 inpatient prospective payment system final rule document.
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The FY21 Inpatient Prospective Payment System (IPPS) Final Rule establishes payment rates and other policies for inpatient stays in hospitals under Medicare for the fiscal year 2021.
Hospitals participating in the Medicare program are required to comply with the FY21 IPPS Final Rule and submit the necessary documentation.
To fill out the FY21 IPPS Final Rule documentation, hospitals must follow the guidelines provided in the rule, ensuring they include all required data elements and adhere to submission procedures outlined by CMS.
The purpose of the FY21 IPPS Final Rule is to set payment rates, establish quality reporting requirements, and implement regulations that support the provision of care in inpatient hospital settings.
Hospitals must report information related to patient diagnoses, treatment procedures, cost data, and quality measures as dictated by the IPPS Final Rule.
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