On July 29, 2021, the Centers for Medicare & Medicaid Services (CMS) issued a final rule that updates Medicare payment policies and rates for the Inpatient Psychiatric Facility (IPF) Prospective Payment System (PPS) for Fiscal Year (FY) 2022 and finalizes changes to the IPF Quality Reporting Program (QRP). CMS is publishing this final rule consistent with the requirements to update Medicare payment policies for IPFs on an annual basis.