ChatGPT is a remarkable tool, but it still has its flaws. We decided to ask it to explain Medicare’s Inpatient Prospective Payment System. Here’s some of what it told us:
The Medicare Inpatient Prospective Payment System (IPPS) is a method used by the Centers for Medicare & Medicaid Services (CMS) in the United States to reimburse acute care hospitals for inpatient services. IPPS was established as part of the Social Security Amendments of 1983 and went into effect in 1984. The main goal of IPPS is to control rising healthcare costs by setting predetermined rates for inpatient hospital services. Here is how IPPS works… Continue reading “How ChatGPT describes IPPS”