FY 2025 Hospice Wage Index Update: Key Changes for Skilled Nursing Coders
What Changed
Action required by
October 1, 2024
Review the Action Required section below and ensure your team has completed all compliance steps before this date.
What Changed
The FY 2025 Hospice Wage Index and Payment Rate Update, effective October 1, 2024, introduces significant changes to the hospice payment system under the Medicare Program. The hospice wage index will be updated, which directly impacts the payment rates for hospice services. Additionally, the aggregate cap amount has been adjusted, reflecting current economic conditions and affecting overall reimbursement levels for hospice providers.
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