basic DRG payment rate

basic DRG payment rate

The payment that a hospital receives for a Medicare patient in a particular diagnosis-related group (DRG); the rate is calculated by adjusting the standardised amount to reflect wages and non-wage cost-of-living differences in the hospital’s geographic area and the cost of the DRG.

basic DRG payment rate

Managed care The payment a hospital receives for a Medicare Pt in a particular DRG; the rate is calculated by adjusting the standardized amount to reflect wages and non-wage cost of living differences in the hospital's geographic area and cost of the DRG. See DRG, Standardized amount.
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6) The basic DRG payment rate was multiplied by a factor in order to create comparability of total payments and risk.