It was 20 years ago today ... some say it's complex and vulnerable to political whims, but Medicare's PPS has helped impose order on hospital finances.
In October 1983, Medicare launched a new payment system that would no longer write hospitals a blank check. It was called the prospective payment system and became known simply as the PPS. With its 20-year anniversary looming, the program's fundamental strengths and weaknesses have become apparent. Although some say it's vulnerable to politics, most agree it has imposed order on hospital finances.
Tieman
Jeff
J
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