On October 1, CMS published the Correction Notice to the FY 2016 IPPS Final Rule. The CMS corrections were related to revised budget neutrality adjustments related to changes in hospital wage index values. Specifically:
- There were a number of hospitals throughout the country that withdrew from their geographic reclassifications which does change the wage index values of all hospitals.
- These withdrawals were not reflected in the FFY 2016 Final Rule that was released on July 31, 2015.
- These corrections do ultimately impact the budget neutrality adjustments that are used for hospital wage index values and their overall standard operating rates.
To view the corrections, click here to visit the CMS website