News to Know – Week of August 15

Members are reminded to review their preliminary wage and occupational mix data released May 23 by the Centers for Medicare and Medicaid Services (CMS) and submit any requests for changes to their Medicare Administrative Contractor by Sept. 2 since no new requests for changes will be accepted after that date. This data is being used by the CMS to develop the fiscal year (FY) 2024 Medicare wage index which will be used to adjust up to nearly 70% of the payment amount across Medicare prospective payment systems including inpatient, outpatient and post-acute care settings effective Oct. 1, 2023. Members with other questions regarding the Medicare wage index or geographic reclassification process should contact Vickie Kunz at the MHA.