Medicare rates to increase for nursing facilities

CMS announced on July 27:

Medicare payments to nursing homes will increase by approximately $560 million in 2007. . . . 

The 3.1 percent increase will be reflected in Medicare payment rates to nursing facilities that furnish certain skilled nursing and rehabilitation care to Medicare beneficiaries recovering from serious health problems.

For further information, please see the CMS press release and the SNF PPS update notice.