Are employers pursuing value-based purchasing?

Some employers have begun to undertake a variety of initiatives, collectively termed value-based purchasing (VBP), which aim at factoring quality into the purchasing decision-making process when negotiating costs with providers and insurers. There is evidence that the VBP movement has begun gaining...

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Bibliographic Details
Published in:Benefits quarterly 2005, Vol.21 (3), p.20-29
Main Authors: Maio, Vittorio, Hartmann, Christine W, Goldfarb, Neil I, Roumm, Adam R, Nash, David B
Format: Article
Language:English
Subjects:
Commerce
Data Collection
Decision making
Decision Making, Organizational
Employee benefits
Employees
Employers
Health administration
Health Benefit Plans, Employee - standards
Health care policy
Health maintenance organizations
HMOs
Humans
Negotiating
Participation
Purchasing
Purchasing groups
Strategic management
United States
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Summary:Some employers have begun to undertake a variety of initiatives, collectively termed value-based purchasing (VBP), which aim at factoring quality into the purchasing decision-making process when negotiating costs with providers and insurers. There is evidence that the VBP movement has begun gaining momentum; yet it is unclear whether employers are firmly committed to VBP principles. By surveying a national sample of employers, this study investigates the extent to which employers are currently engaged in VBP activities and also increases our understanding of barriers hampering the broader implementation of these activities.
ISSN:8756-1263
2168-3336