Daily Rate Formula:
From: | To: |
Definition: This calculator computes the daily rate under the Patient-Driven Payment Model (PDPM) for skilled nursing facilities in 2023.
Purpose: It helps healthcare administrators and billing professionals determine the reimbursement rate by summing all PDPM components.
The calculator uses the formula:
Where:
Explanation: All six components are added together to determine the total daily reimbursement rate under PDPM.
Details: Accurate PDPM rate calculation ensures proper Medicare reimbursement and helps facilities understand their revenue streams.
Tips: Enter each component amount in dollars. All values must be ≥ 0. The calculator sums all components to give the total daily rate.
Q1: What is PDPM?
A: The Patient-Driven Payment Model is Medicare's payment system for skilled nursing facilities, implemented in 2019.
Q2: How are the component rates determined?
A: Each component is calculated separately based on patient characteristics and CMS published rates.
Q3: Are these 2023 rates?
A: Yes, this calculator uses the PDPM component rates effective for 2023.
Q4: Does this include adjustments?
A: No, this calculates the base rate. Additional adjustments (wage index, etc.) would be applied separately.
Q5: Where can I find the official component rates?
A: CMS publishes annual PDPM rates in the Federal Register and on their website.