PDPM Rate Formula:
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Definition: This calculator computes the Skilled Nursing Facility (SNF) Patient-Driven Payment Model (PDPM) daily rate for 2024.
Purpose: It helps healthcare administrators and billing professionals determine the appropriate reimbursement rate under the PDPM system.
The calculator uses the formula:
Where:
Explanation: The calculator sums all six components to determine the total daily reimbursement rate under PDPM.
Details: Accurate PDPM rate calculation ensures proper Medicare reimbursement and helps facilities maintain financial stability while providing quality care.
Tips: Enter each component rate in dollars. All values must be ≥ 0. The calculator will sum all components to provide the total daily rate.
Q1: What is PDPM?
A: PDPM is the Patient-Driven Payment Model, a Medicare payment system for SNFs that focuses on patient characteristics rather than volume of services.
Q2: Where do I find the component rates?
A: Component rates are determined by CMS and vary based on patient classification. Check the latest CMS PDPM rate tables for 2024 values.
Q3: Does this include all adjustments?
A: This calculates the base rate. Additional adjustments (wage index, rural, etc.) may apply to the final reimbursement amount.
Q4: How often do PDPM rates change?
A: CMS typically updates rates annually, though mid-year changes are possible.
Q5: Is this calculator suitable for all SNF patients?
A: This calculates the standard PDPM rate. Special cases (HIV, ventilator, etc.) may have different calculations.