Value Based Purchasing final rule
The Department of Health and Human Services (HHS) launched a new initiative which will reward hospitals for the quality of care they provide to people with Medicare and help reduce health care costs. Value-Based Purchasing Will Reward Hospitals Based on Quality of Care for Patients.
Learn more about Hospital Value-Based Purchasing
The Hospital Value-based Purchasing Program, applies beginning in FY 2013 to payments for discharges occurring on or after October 1, 2012. Under the Program, CMS will make value-based incentive payments to acute care hospitals, based either on how well the hospitals perform on certain quality measures or how much the hospitals' performance improves on certain quality measures from their performance during a baseline period.
Theory and Reality of Value-Based Purchasing: Lessons from the Pioneers
In contrast to all the research conducted on health care providers, managed care organizations, and health care systems, there has been very little systematic research on employers as purchasers of health care. To fill this need for information, the Agency for Health Care Policy and Research (AHCPR) has begun a research initiative focused on employers as purchasers of health care. This report summary provides early lessons on the scope, patterns, barriers, and possibilities of value-based purchasing. It is drawn from in-depth discussions with nine employers and coalitions as well as written materials from many other organizations.