Search results
Results from the WOW.Com Content Network
In the United States, Medicare has various pay-for-performance ("P4P") initiatives in offices, clinics and hospitals, seeking to improve quality and avoid unnecessary health care costs. [25] The Centers for Medicare and Medicaid Services (CMS) has several demonstration projects underway offering compensation for improvements:
The Demonstration is a prime example of the shared savings model of payment reform [3] and represents Medicare's first physician Pay-for-Performance initiative. [4] The three main goals of the PGP Demonstration are: To encourage physician participation in Parts A & B of the Medicare Program; To promote cost efficiency and quality of care; and
In 2006 the Tax Relief and Health Care Act (TRHCA) included a provision for a 1.5% incentive payment to eligible providers who successfully submitted quality data to CMS. This provision included a cap on payments. The 2007 Medicare, Medicaid, and SCHIP Extension Act extended the program through 2008 and 2009. It also removed the TRHCA payment cap.
For premium support please call: 800-290-4726 more ways to reach us
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]
Pay-for-Performance is a method of employee motivation meant to improve performance in the United States federal government by offering incentives such as salary increases, bonuses, and benefits. It is a similar concept to Merit Pay for public teachers and it follows basic models from Performance-related Pay in the private sector.
A 1998 report to the Health Care Financing Administration (now known as the Centers for Medicare and Medicaid Services) noted that in the five years of the demonstration project, the seven hospitals would have had expenditures of $438 million for coronary artery bypasses for Medicare beneficiaries, but the change in reimbursement methodology ...
between 2008 and 2012, better performance than 41% of all directors The Patricia A. Woertz Stock Index From January 2008 to December 2012, if you bought shares in companies when Patricia A. Woertz joined the board, and sold them when she left, you would have a -6.6 percent return on your investment, compared to a 2.6 percent return from the S&P ...