Healthcare reformers are focusing on value; are you?

Beginning federal fiscal year (FFY) 2013, value-based purchasing (VBP) would implement a withholding of 2 percent of Medicare reimbursement, which would then increase gradually to 5 percent in FFY16. A hospital's percentile ranking in a VBP performance measurement system would determine the amo...

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Bibliographic Details
Published in:Healthcare financial management 2009-08, Vol.63 (8), p.44-52
Main Authors: Andrews, Hal, Wessels, Gunter
Format: Article
Language:English
Subjects:
Budgets
Economics, Hospital
Health administration
Health Care Reform
Humans
Medicare - economics
Purchasing, Hospital - standards
Reimbursement, Incentive - organization & administration
United States
Online Access:Get full text
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Summary:Beginning federal fiscal year (FFY) 2013, value-based purchasing (VBP) would implement a withholding of 2 percent of Medicare reimbursement, which would then increase gradually to 5 percent in FFY16. A hospital's percentile ranking in a VBP performance measurement system would determine the amount of payment, if any, it would receive from these withheld funds. To receive incentive payments, hospitals will need to raise their performance on the measures.
ISSN:0735-0732