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Clinical Objectives al affiliation Clinical Objectives Medicare started to reward hospitals that proved to be providing high quality medical care for its patients through the Hospital Value-Based Purchasing (VBP) program. Under this program, hospitals that are paid through the Inpatient Prospective Payment System (IPPS) are usually paid for inpatient acute care service on the basis the quality of care and not the volume of care being provided.BodyValue based purchasing is crucial for hospitals because it helps them to anticipate and understand their scores, incentives, or disincentives.
The hospital value-based purchasing (VBP) program links the payments to hospitals’ performance to the number of quality measures. The calculation changes on the yearly basis, however, it is crucial for hospitals to stay current on the measures which are included and how their performance on the measures during the defined performance period will contribute to the overall total performance (TPS).To improve the quality of healthcare delivery, it is crucial to ensure that there is patient satisfaction.
Hospital Impatient Value-Based Purchasing (HIVBP) program, and the Medicare reimbursements are closely linked to patient satisfaction. Patients have high expectations in their care and the attitude of care givers which greatly contributes to satisfaction. Conclusion In a period where physicians are being measured by the quality of their treatment, it is crucial to understand the concept of value base purchasing and Medicaid reimbursement. Value-Based Purchasing (HIVBP) program and the Medicare reimbursements are closely linked to patient satisfaction.
ReferencesCimasi. J, R. (2013). Accountable Care Organizations: Value Metrics and Capital Formation. CRC Press.
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