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What is Value Based Purchasing? How does it help or hurt the institution?

What is Value Based Purchasing? How does it help or hurt the institution?

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Answer #1

Value-Based Purchasing(VBP) is otherwise known as pay for performance. It is a model which gives the financial incentives to improve the performance of physician, nurses and other health care provider.

This model encourages the hospital staff to give cost-effective and quality care. which gave them the performance reward.

It helps the institution by improving

-By improving the quality of care for the patients.

- By improving patient satisfaction

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