With the threat of mandated staffing ratios looming over some long-term care facilities, the Biden administration on Tuesday said it will bump up Medicare payments to skilled nursing providers next year. With the threat of mandated staffing ratios looming over some long-term care facilities, the Biden administration on Tuesday said it will bump up Medicare payments to skilled nursing providers next year. Why it matters: Nursing homes are dealing with acute staffing shortages and operating with financial losses, and concerns about how CMS finalizes staffing regulations this spring have the industry on edge. By the numbers: Skilled nursing facilities will receive an increase of $1.2 billion in fiscal year 2024 Medicare Part A payments, a 3.7% increase in payment.
