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Hospitals to receive additional funding for Medicare in 2024

Posted On: Apr. 12, 2023 10:08 AM CST

Hospitals are in line for a 2.8% pay increase, or $3.3 billion in additional funding, in fiscal year 2024 under a proposed inpatient payment rule Medicare administrators released April 10, Axios reports. Hospital margins are finally starting to stabilize after what many called the worst year financially in 2022. At the same time, payments to offset the costs of charity care for low-income patients will decrease by $115 million.