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Value-based purchasing
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Value-based purchasing (VBP) refers to the process of linking physician reimbursements to a set of quality measures. Medicare used a VBP program for the stated purpose of improving healthcare quality by incentivizing better health outcomes.[1]
Overview
In value-based purchasing, payments to providers are linked to the quality of care they provide to patients. Value-based purchasing is a form of pay-for-performance. The Centers for Medicare and Medicaid Services (CMS) used the Hospital Value-Based Purchasing Program to rate hospitals based on quality and deliver value-based incentive payments based on this rating. According to Healthcare.gov, the goal of this system was to "reduce inappropriate care and to identify and reward the best-performing providers." The Hospital VBP Program was created by the Affordable Care Act, with payments beginning in fiscal year 2013. As of 2016, the program included over 3,000 hospitals in the United States.[2]
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