The Basics of Hospital Value-Based Purchasing

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The Basics of Hospital Value-Based PurchasingIn the new Hospital Value-Based Purchasing (VBP) Program, Medicare rewards hospitals that provide high quality care at competitive costs for their patients. Since October 2012, hospitals nationwide are being paid for inpatient acute care services based on documented quality care measures rather than the volume of services.

SOURCE: www.CMS.gov

Established under the Affordable Care Act, the Hospital VBP Program has implemented a pay-for-performance approach to the payment system that accounts for the largest share of Medicare spending, affecting payment for inpatient stays in over 3,500 hospitals across the country.

“Instead of payment that asks, ‘How much did you do?’ the Affordable Care Act clearly moves us toward payment that asks, ‘How well did you do?’ and more importantly, ‘How well did the patient do?’” according to Dr. Don Berwick, Centers for Medicare and Medicaid Services (CMS) Administrator.

Improving Patient Care and Satisfaction During Hospital Stay

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Improving Patient Care and Satisfaction During Hospital Stay

The Hospital Value-Based Purchasing Program measures focus on how closely hospitals follow best clinical practices and how well hospitals enhance patients’ experiences of care.

SOURCE: U.S. Department of Health and Human Services

The Hospital Value-Based Purchasing (VBP) Program was implemented under the Affordable Care Act to improve hospital patients’ clinical outcomes and satisfaction of care experience, as well as reduce health care costs. Hospitals will be given incentive payments based on their overall performance on a set of quality measures that have been linked to improved clinical processes of care and patient satisfaction.

Hospital Value-Based Purchasing Terms You Should Know

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Hospital Value Based PurchasingFrom CCHIT to PPACA, acronyms abound in the Hospital Value-Based Purchasing Program. Here is a list of common terms that you may want to commit to memory, if you haven’t already.