The Centers for Medicare & Medicaid Services late today issued its inpatient psychiatric facility proposed rule for fiscal year 2015. The rule would increase IPF rates by 2.1% in FY 2015 compared to FY 2014, after accounting for inflation and other adjustments. Specifically, the proposed rule includes an initial market-basket update of 2.7% for those hospitals that submit data on quality measures; hospitals not submitting data would receive a 0.7% update. The rule also would make a productivity cut of 0.4% and an additional market-basket cut of 0.3%, as mandated by the Affordable Care Act, and an increase of 0.1% resulting from an updated outlier threshold. In addition, the rule proposes new quality measures and reporting requirements under the IPF quality reporting program. The proposed rule will be published in the May 6 Federal Register and comments will be accepted through June 30.