Value Based Purchasing Programs rewards acute care hospitals with incentive payments for the quality of care provided in the inpatient hospital setting. This program adjusts payments to health care facilities based on the quality of care they deliver.
VBP is an acronym for Value Based Purchasing.
VBP encourages healthcare facilities to improve the quality, efficiency, patient experience and safety of care. This eliminates or reduces adverse events like healthcare errors resulting in patient harm.
VBP training is extremely important because it holds caregivers and providers accountable for both the cost and quality of care they provide. It attempts to reduce inappropriate care and to identify and reward the best-performing providers. Training makes sure that all caregivers are giving the care that will help the healthcare facility get the most reimbursement.
Yes! It is designed to make the quality of care better for patients and cultivate an overall better experience for patients.
The CMS (Centers for Medicare & Medicaid Services) rewards hospitals based on the quality of care provided to Medicare patients, not just the quantity of services provided.
Hospitals are scored on measures such as:
- Mortality and complications
- Healthcare-associated infections
- Patient safety
- Patient experience
- Efficiency and cost reduction
VBP training should be conducted on an ongoing basis!
Yes, every year the guidelines change according to the CMS. Continuously check cms.gov for more information on measures and when changes can be expected.
Each measure is divided into 25% weight segments, and then reimbursements are distributed according to that.
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