Value Based Purchasing Awareness Brief

This Awareness Brief provides a high level summary understanding of value based purchasing. The Hospital Value Based Purchasing (VBP) Program adjusts hospitals’ payments based on their performance in four domains that reflect hospital cost, quality and outcomes. This calendar year, 2016, is the Performance Measurement Period for the FY 2018 VBP Program. The FY 2018 Program’s Total Performance Score (TPS) is comprised of four domains that will all be weighted equally at 25%: the Patient and Caregiver-Centered Experience of care/Care Coordination (PCCEC) Domain, the Clinical Care Domain, the Safety Domain, and the Efficiency and Cost Reduction Domain.

 

for a high level summary of the value based purchasing program, its four components broken down into additional detail, as well as supplementary information by component provided for the supply chain professional.

 

Related Resources

Podcasts
Discover tips that can separate a health system’s success or failure when creating a viable purchased services sourcing program in this short video
On-Demand Educational Webinars
Management of inventory turns, reducing waste due to product expiration, and reducing annual audit shortfalls are all possible thanks to the UDI…
On-Demand Educational Webinars
Advocate Health Care developed a provider-supplier partnership that reduced re-admission rates and improved quality of care inside and outside of the…
Podcasts
For decisions related to patient care, administrators and physicians often need data from outside of their department.
Podcasts
Michael Neely introduces the topic of risk sharing as it is becoming more popular in healthcare and how it can improve patient care while lowering
Podcasts
In this informational session, Karen Conway discusses her research with the FDA on value and the UDI.