Reimbursement
Agency says its highest market basket update in last 25 years is due to higher expected growth in worker compensation.
Expenses in June were generally down from May but remain extremely elevated from prepandemic levels.
CMS is finalizing the 4.6% decrease to the SNF payment, but is spreading that out over two years.
Hospitals await the final rule on inpatient payment, with the AHA saying the proposed increase does not meet the cost of care.
Changes are sought before CMS releases the IPPS final rule.
One of the main factors influencing revenue was admissions at its acute care facilities, which were not as high as anticipated.
Expenses are eroding margins, and it's happening quickly due to elevated labor, supply and capital costs.
Both the AHA and America's Essential Hospitals say they are pleased CMS is ending 340B payment cuts.
It includes proposed enhanced payments for the additional costs of purchasing domestically made NIOSH-approved surgical N95 respirators.
Optum second-quarter revenues of $45.1 billion grew $6.8 billion, or 18%, year-over-year, with double-digit growth in each business.