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
White Papers
Healthcare expenses continue to rise and yet hospitals are realizing consistently shrinking margins.
Webcast
Jessica Campbell, Senior Data Analyst at BJC HealthCare, shares her three steps or questions she uses when rolling out planning projects, building
On-Demand Educational Webinars
How to assess the total procedural value through a clinical and economic lens.
On-Demand Educational Webinars
Consider how the four emerging themes on purchased services and their leading practices can deliver improved margins.
AHRMM20+ Cost, Quality and Outcomes (CQO) Summit white paper describes lessons learned by health care supply chain during the COVID-19 pandemic, best…
On-Demand Educational Webinars
Achieve cost savings through methods to increase clinical buy-in and adherence to supply chain decision. while maintaining a focus on clinical…