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Get the free Adjustment of Ltc and Hospice Claims Due to Retroactive Rates Updates

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This document outlines the updates to the reimbursement rates for Freestanding Nursing Facility Level-B (FS/NF-B) providers and the corresponding adjustments for hospice claims under revenue code 0658. The adjustments are retroactive effective from January 1, 2023, and details the process for providers regarding positive and negative adjustments, including instructions for appeals and claims inquiries.
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Adjustment of LTC (Long Term Care) is a process used to modify or correct previously filed claims or reports related to long-term care services.
Healthcare providers and organizations that provide long-term care services and have submitted claims that require corrections or adjustments are required to file adjustments.
To fill out an adjustment of LTC, you typically need to complete the specific form designated for adjustments, providing correct information, including the previous claim details and the reasons for the adjustment.
The purpose of adjustment of LTC is to ensure accurate billing and reimbursement for long-term care services by correcting errors in previously submitted claims.
Information that must be reported includes the original claim number, the date of service, the reason for adjustment, and any corrected charges or details.
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