Question

With the ACA, there is a new way the hospitals are paid. It is called Value-Based Purchasing (VBP).
do you feel that the government's new value-based purchasing will work? Please explain your answer.

Answer 1

Value-based purchasing (VBP) linking 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. The hospital value-based purchasing (VBP) program is an initiative that rewards acute-care hospitals with incentive payments for the quality care provided to medicare beneficiaries

The hospital (VBP) program is mainly designed to make the quality of care better for hospital patients and hospital stays a better experience for patients.

The hospital (VBP) program encourages hospitals to improve the quality, efficiency, patient experience and safety of care that medicare beneficiaries receive during acute care inpatient stay by eliminating or reducing adverse events, adopting evidence-based care standards and protocols in order to obtain the best outcomes for medicare patients , incentivizing hospitals to develop processes that improve patient experience, increasing the transparency of care quality for consumers, clinicians, and others and recognizing hospitals that provide high-quality care at a lower cost to medicare. Hospital value based purchasing benefits patients by reduces costs, increases patient satisfaction, reduces medical errors , informs patients or a patient-centric focus, promotes healthy habits.