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In the healthcare industry, pay for performance (P4P), also known as "value-based purchasing", is a payment model that offers financial incentives to physicians, hospitals, medical groups, and other healthcare providers for meeting certain performance measures. Clinical outcomes, such as longer survival, are difficult to measure, so pay for ...
Pay for performance may refer to: Pay for performance (human resources), a system of employee payment in the United States that links compensation to measures of work quality or goals; Pay for performance (healthcare), an emerging movement in health insurance in Britain and the United States, in which providers are rewarded for quality of ...
In comparison, the performance-related pay rise system would see the reward given in the form of a pay rise. The better the performance of the individual or team the larger the rise, likewise, if the performance was poor the associated rise would be minimal, if any at all. The reward is the pay rise: with an expectation of a high pay rise for ...
Value-based health care (VBHC) is a framework for restructuring health care systems with the overarching goal of value for patients, with value defined as health outcomes per unit of costs. [1] The concept was introduced in 2006 by Michael Porter and Elizabeth Olmsted Teisberg , though implementation efforts on aspects of value-based care began ...
Value-based purchasing (VBP) links provider payments to improved performance by health care providers. This form of payment holds health care 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. [29]
The health care giant said Tuesday that it will role out a new reimbursement model designed to make costs more predictable at the drugstore counter. The company will start offering it next year to ...
between 2008 and 2012, better performance than 6% of all directors The Dennis D. Dammerman Stock Index From November 2008 to March 2010, if you bought shares in companies when Dennis D. Dammerman joined the board, and sold them when he left, you would have a -36.5 percent return on your investment, compared to a 30.9 percent return from the S&P ...
between 2008 and 2012, better performance than 50% of all directors The Robert J. Darretta Stock Index From January 2008 to December 2012, if you bought shares in companies when Robert J. Darretta joined the board, and sold them when he left, you would have a -5.2 percent return on your investment, compared to a -2.8 percent return from the S&P ...