Value-based purchasing

A hospital may find that its major commercial health plan has decided to promote value-based purchasing (VBP), a specific health reform strategy of enhanced payment to deliver care that takes into consideration access, price, quality, efficiency , and alignment of incentives, rather than volume alone that has been the hallmark of fee-for-service payment mechanisms for many years.

· List the pros and cons of using VBP from an organization’s standpoint

· List the pros and cons of using VBP from a patient’s standpoints

· In your opinion, should incentives to providers be a part of VBP

 

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