CMS issues FY 2027 hospital IPPS proposed rule

CMS released the annual proposed rule for the Hospital Inpatient Prospective Payment System for FY 2027. The rule includes the usual updates to payment rates, MS-DRG weights, and quality reporting programs. For independent practices with hospital-based services, the annual wage index adjustments and proposed changes to graduate medical education payments are the key operational items. The comment period closes in June 2026. Monitor the final rule, expected in August, for finalized rate changes that will affect facility fees and bundled payment contracts.