Daily Rate Formula:
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Definition: This calculator computes the daily rate under the Patient-Driven Payment Model (PDPM) for skilled nursing facilities in fiscal year 2025.
Purpose: It helps healthcare administrators and financial analysts determine the reimbursement rate for Medicare Part A stays in SNFs.
The calculator uses the formula:
Where:
Explanation: The PDPM daily rate is the sum of all six components as defined by CMS for FY 2025.
Details: Accurate PDPM rate calculation ensures proper Medicare reimbursement and helps facilities with financial planning and budgeting.
Tips: Enter each component rate in dollars. All values must be ≥ 0. The calculator sums all components to give the total daily rate.
Q1: Where do I find the component rates?
A: Component rates are published annually by CMS in the SNF PPS Final Rule for each fiscal year.
Q2: Does this include variable per diem adjustments?
A: No, this calculates the base rate. Variable per diem adjustments for NTA and PT/OT would be applied separately.
Q3: Are these FY 2025 rates final?
A: Rates should be verified against the final CMS publication for FY 2025 as they may be updated.
Q4: How often should I recalculate rates?
A: Rates should be recalculated whenever CMS updates the component rates or when patient classification changes.
Q5: Does this account for geographic adjustments?
A: No, wage index adjustments would need to be applied separately to the calculated rate.