The FY 2024 SNF PPS proposed rule was released on April 4th. The rule proposes a 3.7% Medicare payment update for FY 2024, reflective of the second-year phase-in of the PDPM parity adjustment. CMS proposes 3 new measures for SNF QRP over the next 3 years with an additional 3 measures being removed and 1 measure being modified, and an increase to data completion thresholds for MDS data. CMS proposes 4 new measures for SNF VBP over the next 3 years plus changes to SNF VBP payback to include increased payback percentage and health equity adjustments, and a change to enforcement requirements that would eliminate the requirement for nursing homes to actively waive their rights to a hearing related to civil monetary penalties. The highly-anticipated staffing standards were not included in this rule and continue to be expected sometime this spring. LeadingAge will have a more detailed analysis of the SNF PPS rule in the coming days. The rule will be published in the federal register on April 10th. Comments on the rule are due June 5th. Read the CMS Fact Sheet here.