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Variable: FINL_STD_AMT

Claim Final Standard Payment Amount

Description

This amount further adjusts the standard Medicare Payment amount (field called PPS_STD_VAL_PYMT_AMT) by applying additional standardization requirements (e.g. sequestration).

Comment

This amount is never used for payments. It is used for comparisons across different regions of the country for the value-based purchasing initiatives and for research. It is a standard Medicare payment amount, without the geographical payment adjustments and some of the other add-on payments that actually go to the hospitals. This field is new in October 2014. This field only applies to Inpatient claims.

Values

n/a

Other Info

Some additional information on this variable:

  • Short Name: FINL_STD_AMT
  • Long Name: FINL_STD_AMT
  • Type: NUM
  • Length: 12
  • Source: NCH
  • Value Format: XX.XX

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