What is pay for performance or value-based purchasing (VBP)?
Do you think pay for performance or value-based purchasing (VBP) is a good idea for healthcare?
Ans) Pay for performance: P4P
- Any type of providers payment system that is based on performance and incentives.
Value based purchasing: VBP
- System in which purchasers hold providers of healthcare
accountable for both the costs of healthcare and its quality
- Entities that bear the risk for the cost of healthcare services
received by a group.
VBP P4P
Cost: same cost Additional payment
for high or increasing
quality
Setting: Public sector Private sector
(Medicare) (health plans &
employer-payer
coalitions)
Duration: 2004 Deficit Reduction Act
(DRA) 2005
VBP & P4P:
-Wide-spread movement toward quality and safety
-Pay for performance (P4P) and value-based purchasing (VBP) emerge
as way to align payment incentives and quality
- These systems were created for the health care system as an
incentive linked to payment, performance and quality.
What is pay for performance or value-based purchasing (VBP)? Do you think pay for performance...
Do you think pay for performance or value-based purchasing (VBP) is a good idea for healthcare?
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