For the Week of October 20, 2014
What is hospital value-based purchasing?
The Hospital Value-Based Purchasing (VBP) Program is one of the many initiatives implemented by the Centers for Medicare &amo; Medicaid Services (CMS) that rewards acute-care hospitals with incentive payments for the quality of care they provide to people with Medicare.
Through this program CMS is changing the way it pays hospitals, rewarding hospitals for the quality of care they provide to Medicare patients, not just the quantity of procedures they perform. Hospitals are rewarded based on how closely they follow best clinical practices and how well hospitals enhance patients’ experiences of care. When hospitals follow proven best practices, patients receive higher quality care and see better outcomes.
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