CMS has sent several major fiscal year (FY) 2015 Medicare payment rules to the White House Office of Management and Budget (OMB) for final regulatory clearance. Proposed rules under OMB consideration would update rates and policies for FY 2015 for the following Medicare payment systems: the acute hospital inpatient prospective payment system (PPS), the long-term care hospital PPS, the skilled nursing facility PPS, the inpatient rehabilitation facility PPS, the inpatient psychiatric facilities PPS, and the PPS for federally qualified health centers. While the regulations are not available at this point, we expect that they will be put on display at the Federal Register in the coming days. We will be providing summaries of the proposed rules in future updates.